Energy Demand and Temperature: A Dynamic Panel Analysis

Andrea Bigano, Francesco Bosello and Giuseppe Marano

No 12117, International Energy Markets Working Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This paper is a first attempt to investigate the effect of climate on the demand for different energy vectors from different final users. The ultimate motivation for this is to arrive to a consistent evaluation of the impact of climate change on key consumption goods and primary factors such as energy vectors. This paper addresses these issues by means of a dynamic panel analysis of the demand for coal, gas, electricity, oil and oil products by residential, commercial and industrial users in OECD and (a few) non-OECD countries. It turns out that temperature has a very different influence on the demand of energy vectors as consumption goods and on their demand as primary factors. In general, residential demand responds negatively to temperature increases, while industrial demand is insensitive to temperature increases. As to the service sector, only electricity demand displays a mildly significant negative elasticity to temperature changes.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 31
Date: 2006
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Citations: View citations in EconPapers (34)

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Working Paper: Energy Demand and Temperature: A Dynamic Panel Analysis (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemie:12117

DOI: 10.22004/ag.econ.12117

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