EconPapers    
Economics at your fingertips  
 

Projecting Long-Term Primary Energy Consumption

Zsuzsanna Csereklyei and Stefan Humer ()

Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics

Abstract: In this paper we use the long-term empirical relationship among primary energy consumption, real income, physical capital, population and technology, obtained by averaged panel error correction models, to project the long-term primary energy consumption of 56 countries up to 2100. In forecasting long-term primary energy consumption, we work with four different Shared Socioeconomic Pathway Scenarios (SSPs) developed for the Intergovernmental Panel on Climate Change (IPCC) framework, assuming different challenges to adaptation and mitigation. We find that in all scenarios, China, the United States and India will be the largest energy consumers, while highly growing countries will also significantly contribute to energy use. We observe for most scenarios a sharp increase in global energy consumption, followed by a levelling-out and a decrease towards the second half of the century. The reasons behind this pattern are not only slower population growth, but also infrastructure saturation and increased total factor productivity. This means, as countries move towards more knowledge based societies, and higher energy efficiency, their primary energy usage is likely to decrease as a result. Global primary energy consumption is expected however to increase significantly in the coming decades, thus increasing the pressure on policy makers to cope with the questions of energy security and greenhouse gas mitigation at the same time.

Keywords: Primary Energy Demand; Projections; Panel Cointegration; Model Averaging (search for similar items in EconPapers)
JEL-codes: C53 Q43 Q47 (search for similar items in EconPapers)
Date: 2013-05
New Economics Papers: this item is included in nep-ene and nep-for
Note: PDF Document
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://epub.wu.ac.at/3874/1/wp152.pdf (application/pdf)

Related works:
Working Paper: Projecting Long-Term Primary Energy Consumption (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwwuw:wuwp152

Access Statistics for this paper

More papers in Department of Economics Working Papers from Vienna University of Economics and Business, Department of Economics Welthandelsplatz 1, 1020 Vienna, Austria.
Bibliographic data for series maintained by Department of Economics ().

 
Page updated 2020-02-22
Handle: RePEc:wiw:wiwwuw:wuwp152