Targeting energy savings? Better on primary than final energy and less on intensity metrics

Detalhes bibliográficos
Autor(a) principal: Rodríguez, M.
Data de Publicação: 2023
Outros Autores: Teotónio, C., Roebeling, P., Fortes, P.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/163965
Resumo: Funding Information: This work was supported by the Portuguese Foundation for Science and Technology – FCT Projects UIDB/05037/2020 and UIDP/05037/2020 ; by FCT/MCTES funding of CENSE ( UID/04085/2020 ) and research (2020.00038.CEECIND); by the Spanish Ministry for Science and Education [Project PID2019-106677GB-I00 ]; and by the Galician government [Project GRC2017/063 ]. Funding for open access charge: Universidade de Vigo/CISUG. Publisher Copyright: © 2023 The Authors
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spelling Targeting energy savings? Better on primary than final energy and less on intensity metricsEnergy efficiencyEnergy saving targetsFinal energy consumptionFiscal policyHybrid computable general equilibrium modelPrimary energy consumptionEconomics and EconometricsEnergy(all)SDG 7 - Affordable and Clean EnergySDG 8 - Decent Work and Economic GrowthSDG 13 - Climate ActionSDG 15 - Life on LandSDG 17 - Partnerships for the GoalsFunding Information: This work was supported by the Portuguese Foundation for Science and Technology – FCT Projects UIDB/05037/2020 and UIDP/05037/2020 ; by FCT/MCTES funding of CENSE ( UID/04085/2020 ) and research (2020.00038.CEECIND); by the Spanish Ministry for Science and Education [Project PID2019-106677GB-I00 ]; and by the Galician government [Project GRC2017/063 ]. Funding for open access charge: Universidade de Vigo/CISUG. Publisher Copyright: © 2023 The AuthorsEnergy efficiency is a critical issue in public policies, as it is the key to decoupling economic growth and energy use. These objectives are becoming even more relevant to addressing the energy crisis and the new geopolitical scenarios delivered by the Ukraine war. Although several papers have analyzed energy efficiency goals, this paper focuses on energy savings targets, which represent the main efficiency metric for the European Union. This paper fills a gap in literature by analyzing the economic and environmental impacts of attaining energy efficiency targets through an energy fiscal policy, simulated by a hybrid computable general equilibrium model with technological detail. Six scenarios are defined for energy savings in primary/final energy consumption of fossil-fueled/all energy products, using Portugal as a case study. Relevant insights for policy makers from the simulated scenarios include: (i) achieving energy saving targets by alternative means, i.e., directed at primary or final energy consumption, provide heterogeneous impacts on the efficiency of the energy system and GDP, and some unexpected and undesirable outcomes concerning environmental impacts; (ii) a relatively lower taxation of all energy products deliver larger and more distorting impacts on electricity generation than higher taxes on fossil fuels only (a counterintuitive result), (iii) policies aiming to reduce primary energy instead of final energy provide the best outcomes (further increases in the efficiency of the energy system with smoother economic impacts), thereby pointing against the European Energy Taxation directive principle that taxation should be levied on final products, regardless of inputs used in their production and (iv) and targets should not be set up based on energy intensity indicators. Hence, it is shown that the size of the trade-off between economic and environmental concerns depends on where (primary or final energy consumption) and what (fossil or all energy products) energy savings are targeted.CENSE - Centro de Investigação em Ambiente e SustentabilidadeRUNRodríguez, M.Teotónio, C.Roebeling, P.Fortes, P.2024-02-22T23:51:08Z2023-092023-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article21application/pdfhttp://hdl.handle.net/10362/163965eng0140-9883PURE: 83885764https://doi.org/10.1016/j.eneco.2023.106797info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:49:52Zoai:run.unl.pt:10362/163965Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:59:57.557037Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Targeting energy savings? Better on primary than final energy and less on intensity metrics
title Targeting energy savings? Better on primary than final energy and less on intensity metrics
spellingShingle Targeting energy savings? Better on primary than final energy and less on intensity metrics
Rodríguez, M.
Energy efficiency
Energy saving targets
Final energy consumption
Fiscal policy
Hybrid computable general equilibrium model
Primary energy consumption
Economics and Econometrics
Energy(all)
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 13 - Climate Action
SDG 15 - Life on Land
SDG 17 - Partnerships for the Goals
title_short Targeting energy savings? Better on primary than final energy and less on intensity metrics
title_full Targeting energy savings? Better on primary than final energy and less on intensity metrics
title_fullStr Targeting energy savings? Better on primary than final energy and less on intensity metrics
title_full_unstemmed Targeting energy savings? Better on primary than final energy and less on intensity metrics
title_sort Targeting energy savings? Better on primary than final energy and less on intensity metrics
author Rodríguez, M.
author_facet Rodríguez, M.
Teotónio, C.
Roebeling, P.
Fortes, P.
author_role author
author2 Teotónio, C.
Roebeling, P.
Fortes, P.
author2_role author
author
author
dc.contributor.none.fl_str_mv CENSE - Centro de Investigação em Ambiente e Sustentabilidade
RUN
dc.contributor.author.fl_str_mv Rodríguez, M.
Teotónio, C.
Roebeling, P.
Fortes, P.
dc.subject.por.fl_str_mv Energy efficiency
Energy saving targets
Final energy consumption
Fiscal policy
Hybrid computable general equilibrium model
Primary energy consumption
Economics and Econometrics
Energy(all)
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 13 - Climate Action
SDG 15 - Life on Land
SDG 17 - Partnerships for the Goals
topic Energy efficiency
Energy saving targets
Final energy consumption
Fiscal policy
Hybrid computable general equilibrium model
Primary energy consumption
Economics and Econometrics
Energy(all)
SDG 7 - Affordable and Clean Energy
SDG 8 - Decent Work and Economic Growth
SDG 13 - Climate Action
SDG 15 - Life on Land
SDG 17 - Partnerships for the Goals
description Funding Information: This work was supported by the Portuguese Foundation for Science and Technology – FCT Projects UIDB/05037/2020 and UIDP/05037/2020 ; by FCT/MCTES funding of CENSE ( UID/04085/2020 ) and research (2020.00038.CEECIND); by the Spanish Ministry for Science and Education [Project PID2019-106677GB-I00 ]; and by the Galician government [Project GRC2017/063 ]. Funding for open access charge: Universidade de Vigo/CISUG. Publisher Copyright: © 2023 The Authors
publishDate 2023
dc.date.none.fl_str_mv 2023-09
2023-09-01T00:00:00Z
2024-02-22T23:51:08Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/163965
url http://hdl.handle.net/10362/163965
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0140-9883
PURE: 83885764
https://doi.org/10.1016/j.eneco.2023.106797
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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