Final energy demand in Portugal: How persistent it is and why it matters for environmental policy

Detalhes bibliográficos
Autor(a) principal: Belbute, José
Data de Publicação: 2011
Outros Autores: Pereira, Alfredo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/3188
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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spelling Final energy demand in Portugal: How persistent it is and why it matters for environmental policyPersistencefinal energy demand,fuel 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.EAERE, 18th Annual Conference of the European Association of Environmental and Resource Economists2012-01-10T11:51:17Z2012-01-102011-07-29T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/3188http://hdl.handle.net/10174/3188porhttp://www.eaere2011.org/ECNjbelbute@uevora.ptpereira770@aol.com637Belbute, JoséPereira, Alfredoinfo: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:RCAAP2024-01-03T18:40:12Zoai:dspace.uevora.pt:10174/3188Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:58:43.554552Repositório 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
Belbute, José
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 Belbute, José
author_facet Belbute, José
Pereira, Alfredo
author_role author
author2 Pereira, Alfredo
author2_role author
dc.contributor.author.fl_str_mv Belbute, José
Pereira, Alfredo
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 2011-07-29T00:00:00Z
2012-01-10T11:51:17Z
2012-01-10
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/10174/3188
http://hdl.handle.net/10174/3188
url http://hdl.handle.net/10174/3188
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv http://www.eaere2011.org/
ECN
jbelbute@uevora.pt
pereira770@aol.com
637
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv EAERE, 18th Annual Conference of the European Association of Environmental and Resource Economists
publisher.none.fl_str_mv EAERE, 18th Annual Conference of the European Association of Environmental and Resource Economists
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
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
repository.mail.fl_str_mv
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