Energy mix persistence and the effect of carbon pricing

Rohan Best and Paul Burke

CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University

Abstract: Energy mix persistence is a defining characteristic of energy systems, for reasons including the long-lived nature of energy infrastructure and the role of local endowments. This persistence is evident in current energy-type use being strongly influenced by past use. Our analysis uses data for eight energy types and a large sample of countries, finding varying degrees of energy mix persistence. We also find evidence that carbon pricing appears to have played a key role in tilting energy mixes from coal toward renewable energy. Our estimates provide empirical support to policymakers seeking to implement carbon pricing to transition their energy systems in a lower-carbon direction.

Date: 2020-02
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Energy mix persistence and the effect of carbon pricing (2020)
Journal Article: Energy mix persistence and the effect of carbon pricing (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:een:ccepwp:2001

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