Final energy demand in Portugal: How persistent it is and why it matters for environmental policy
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10174/8477 |
Resumo: | The objective of this paper is to analyze the degree of persistence of final energy demand in Portugal. Our results suggest the presence of a strong level of persistence for aggregate final energy demand. Final demand for gas is the most persistent component of energy demand, while the final demand for coal is the least persistent. In turn, final demand for petroleum and biomass tend to have levels of persistence similar to aggregate final demand. The case of final demand for electricity is inconclusive. These results have the important implication for the design of environmental policies. First, the fact that final energy demand is highly persistent is good news in that environmental policies in Portugal can be implemented in a favorable setting in which their effects will tend to be long lasting. Second, the high persistence of gas and the fact that biomass and petroleum have levels of persistence that are similar suggests that fuel switching policies will be relatively easy to implement in these cases. The case of coal is somewhat different in that switching away from coal may not be easy. In turn, the case of electricity is somewhat ambiguous. While the fact that it is also highly persistent suggests that shocks to its final demand will produce long lasting effects, it is not clear, however, how they compare to the effects on the other final demand components and therefore we can make no statements about fuel switching. |
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Final energy demand in Portugal: How persistent it is and why it matters for environmental policyPersistencefinal energy demandfuel switchingenvironmental policyPortugalThe objective of this paper is to analyze the degree of persistence of final energy demand in Portugal. Our results suggest the presence of a strong level of persistence for aggregate final energy demand. Final demand for gas is the most persistent component of energy demand, while the final demand for coal is the least persistent. In turn, final demand for petroleum and biomass tend to have levels of persistence similar to aggregate final demand. The case of final demand for electricity is inconclusive. These results have the important implication for the design of environmental policies. First, the fact that final energy demand is highly persistent is good news in that environmental policies in Portugal can be implemented in a favorable setting in which their effects will tend to be long lasting. Second, the high persistence of gas and the fact that biomass and petroleum have levels of persistence that are similar suggests that fuel switching policies will be relatively easy to implement in these cases. The case of coal is somewhat different in that switching away from coal may not be easy. In turn, the case of electricity is somewhat ambiguous. While the fact that it is also highly persistent suggests that shocks to its final demand will produce long lasting effects, it is not clear, however, how they compare to the effects on the other final demand components and therefore we can make no statements about fuel switching.2013-04-03T11:30:55Z2013-04-032011-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/8477http://hdl.handle.net/10174/8477engPereira, A. M. & J. M. Belbute.(2011),Final energy demand in Portugal: How persistent it is and why it matters for environmental policy , Documento de Trabalho nº 2011/02, Universidade de Évora, Departamento de Economia.18ampere@wm.edujbelbute@uevora.ptC14, C22,O13, Q412_2011Department of Economics, College of William and Mary, Williamsburg, VA, USA e CASEE, PortugalUniversidade de Évora, Departamento de Economia e CEFAGE-EU, PortugalPereira, Alfredo MarvãoBelbute, José Manuelinfo: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:RCAAP2024-01-03T18:49:31Zoai:dspace.uevora.pt:10174/8477Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:02:43.128953Repositório 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 |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
title |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
spellingShingle |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy Pereira, Alfredo Marvão Persistence final energy demand fuel switching environmental policy Portugal |
title_short |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
title_full |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
title_fullStr |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
title_full_unstemmed |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
title_sort |
Final energy demand in Portugal: How persistent it is and why it matters for environmental policy |
author |
Pereira, Alfredo Marvão |
author_facet |
Pereira, Alfredo Marvão Belbute, José Manuel |
author_role |
author |
author2 |
Belbute, José Manuel |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Pereira, Alfredo Marvão Belbute, José Manuel |
dc.subject.por.fl_str_mv |
Persistence final energy demand fuel switching environmental policy Portugal |
topic |
Persistence final energy demand fuel switching environmental policy Portugal |
description |
The objective of this paper is to analyze the degree of persistence of final energy demand in Portugal. Our results suggest the presence of a strong level of persistence for aggregate final energy demand. Final demand for gas is the most persistent component of energy demand, while the final demand for coal is the least persistent. In turn, final demand for petroleum and biomass tend to have levels of persistence similar to aggregate final demand. The case of final demand for electricity is inconclusive. These results have the important implication for the design of environmental policies. First, the fact that final energy demand is highly persistent is good news in that environmental policies in Portugal can be implemented in a favorable setting in which their effects will tend to be long lasting. Second, the high persistence of gas and the fact that biomass and petroleum have levels of persistence that are similar suggests that fuel switching policies will be relatively easy to implement in these cases. The case of coal is somewhat different in that switching away from coal may not be easy. In turn, the case of electricity is somewhat ambiguous. While the fact that it is also highly persistent suggests that shocks to its final demand will produce long lasting effects, it is not clear, however, how they compare to the effects on the other final demand components and therefore we can make no statements about fuel switching. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-01-01T00:00:00Z 2013-04-03T11:30:55Z 2013-04-03 |
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/10174/8477 http://hdl.handle.net/10174/8477 |
url |
http://hdl.handle.net/10174/8477 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Pereira, A. M. & J. M. Belbute.(2011),Final energy demand in Portugal: How persistent it is and why it matters for environmental policy , Documento de Trabalho nº 2011/02, Universidade de Évora, Departamento de Economia. 18 ampere@wm.edu jbelbute@uevora.pt C14, C22,O13, Q41 2_2011 Department of Economics, College of William and Mary, Williamsburg, VA, USA e CASEE, Portugal Universidade de Évora, Departamento de Economia e CEFAGE-EU, Portugal |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799136511309905920 |