Technology Adoption and Aggregate Energy Efficiency

William Pizer, Raymond Kopp, Richard Morgenstern (), Winston Harrington and Jhih-Shyang Shih

RFF Working Paper Series from Resources for the Future

Abstract: Improved technology is often cited as a means to alter the otherwise difficult trade-off between the economic burden of regulation and environmental damage. Focusing on energy-saving technologies that mitigate the threat of climate change, we find that both energy prices and financial health influence technology adoption among a sample of industrial plants in four heavily polluting sectors. Based on a model linking technology adoption to growth in aggregate efficiency, we estimate that a doubling of energy prices, after raising the growth rate to 2.1%, would require slightly more than 50 years to generate a 50% improvement in aggregate efficiency relative to the baseline forecast.

Keywords: energy efficiency; endogenous technological change; technology adoption (search for similar items in EconPapers)
JEL-codes: O31 O38 Q43 Q48 (search for similar items in EconPapers)
Date: 2002-10-01
New Economics Papers: this item is included in nep-ene and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Working Paper: Technology Adoption and Aggregate Energy Efficiency (2002)
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