globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2021.112392
论文题名:
Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19
作者: Haxhimusa A.; Liebensteiner M.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 156
语种: 英语
中文关键词: Carbon pricing ; Coronavirus ; COVID-19 ; Electricity demand ; Emissions
英文关键词: Costs ; Economics ; Electric power utilization ; Emission control ; Public policy ; A-carbon ; Carbon pricing ; Coronaviruses ; COVID-19 ; Demand reduction ; Demand shocks ; Electricity demands ; Emission ; Emission reduction ; Power sector ; Carbon ; carbon emission ; COVID-19 ; demand-side management ; economic activity ; electricity supply ; emission control ; energy policy ; power generation ; price determination ; Europe ; Coronavirus
英文摘要: The coronavirus pandemic (COVID-19) has led to a massive collapse in economic activity and energy demand, with the result of significant emissions reductions at a global scale. However, the existing literature investigating abatement from COVID-19 mainly overlooked the overwhelming emissions reduction in Europe's power sector. We address this by assessing the intricate relationship between electricity demand shocks and heterogeneous generation technologies in the power sectors of 16 major European economies during January to March 2020. We apply an econometric model in an instrumental-variables framework. In a first step, we assess the impact of COVID-19 infections on electricity demand, and in a second step how this translates into emissions abatement. We find that, during full lockdown, COVID-19 reduced electricity demand by 19% and carbon emissions by an astonishing 34% per hour, whereas there is severe country heterogeneity depending on the electricity supply structure and demand shock intensity. From our estimates, we predict that power sector emissions fell by 18.4% in 2020. Our results reveal the importance of a carbon price, so that a demand reduction can offset large amounts of emissions by displacing coal at the margin. We derive several policy implications from our analysis to draw lessons from the pandemic. © 2021
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167812
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作者单位: University of Applied Sciences of the Grisons, Centre for Economic Policy Research, Comercialstrasse 20, Chur, 7000, Switzerland; Friedrich-Alexander-Universität (FAU) Erlangen-Nürnberg, Chair of Energy Markets and Energy Systems Analysis, Lange Gasse 2090403, Germany

Recommended Citation:
Haxhimusa A.,Liebensteiner M.. Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19[J]. Energy Policy,2021-01-01,156
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