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Energy mix persistence and the effect of carbon pricing

handle: 1885/206664
Energy mix persistence is a defining characteristic of energy systems, for reasons including the long‐lived nature of energy infrastructure and the role of local endowments. This persistence is evident in current energy‐type use being strongly influenced by past use. Our analysis uses data for eight energy types and a large sample of countries, finding varying degrees of energy mix persistence. We also find evidence that carbon pricing appears to have played a key role in tilting energy mixes from coal towards renewable energy. Our estimates provide empirical support to policymakers seeking to implement carbon pricing to transition their energy systems in a lower‐carbon direction.
- Australian National University Australia
- Macquarie University Australia
- Macquarie University Australia
Resource /Energy Economics and Policy, energy transitions, fossil fuels, persistence, renewable energy, carbon pricing
Resource /Energy Economics and Policy, energy transitions, fossil fuels, persistence, renewable energy, carbon pricing
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).12 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
