Energy Rebound Due to Re-spending: A Growing Concern. WWWforEurope Policy Paper No. 9
Miklós Antal and
Jeroen van den Bergh
in WIFO Studies from WIFO
Energy conservation is widely accepted as an important strategy to combat climate change. It can, nevertheless, stimulate new energy uses that partly offset the original savings. This is known as rebound. One particular rebound mechanism is re-spending of money savings associated with energy savings on energy intensive goods or services. We calculate the average magnitude of this "re-spending rebound" for different fuels and countries. We find that emerging economies, neglected in past studies, typically have substantially larger rebounds than OECD countries. The effect is generally stronger for gasoline than for natural gas and electricity. Paradoxically, strengthening financial incentives to conserve energy tends to increase rebound. This is expected to gain importance with climate regulation and peak oil. In the last section of the paper, the policy implications of our findings are discussed.
Date: 2014 Written 2013-11-21
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/47012 Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:47012
Access Statistics for this book
More books in WIFO Studies from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Ilse Schulz ().