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|a Energy efficiency and fluctuations in CO2 emissions
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|a CO2 emissions are commonly perceived to rise and fall with aggregate output. Yet many factors, including energy-efficiency improvements, emissions coefficient variations and shifts to cleaner energy, can break the positive emissions-output relationship. To evaluate the importance of such factors, we uncover shocks that by construction reduce emissions without lowering output. These novel shocks explain a substantial fraction of emissions fluctuations. After extensively examining their impacts on macroeconomic and environmental indicators, we interpret these shocks as changes in the energy efficiency of consumer products. Our results imply that models omitting energy efficiency likely overestimate the trade-off between environmental protection and economic performance.
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Jo, Soojin, Karnizova, Lilia |
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Jo, Soojin, Karnizova, Lilia |
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Jo, Soojin |
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s j sj, l k lk |
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lfer |
contents |
CO2 emissions are commonly perceived to rise and fall with aggregate output. Yet many factors, including energy-efficiency improvements, emissions coefficient variations and shifts to cleaner energy, can break the positive emissions-output relationship. To evaluate the importance of such factors, we uncover shocks that by construction reduce emissions without lowering output. These novel shocks explain a substantial fraction of emissions fluctuations. After extensively examining their impacts on macroeconomic and environmental indicators, we interpret these shocks as changes in the energy efficiency of consumer products. Our results imply that models omitting energy efficiency likely overestimate the trade-off between environmental protection and economic performance. |
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Last updated: October 5, 2021 |
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Bank of Canada: Staff working paper |
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Bank of Canada: Staff working paper |
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[Ottawa], Bank of Canada, [2021] |
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[Ottawa]: Bank of Canada, [2021] |
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DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-L242, DE-Zwi2 |
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Energy efficiency and fluctuations in CO2 emissions |
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Bank of Canada, Staff working paper, 2021, 47 |
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Jo, Soojin VerfasserIn (DE-588)1148110143 (DE-627)1008122718 (DE-576)496170937 aut, Energy efficiency and fluctuations in CO2 emissions by Soojin Jo and Lilia Karnizova, Last updated: October 5, 2021, [Ottawa] Bank of Canada [2021], 1 Online-Ressource (circa 42 Seiten) Illustrationen, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Staff working paper / Bank of Canada 2021, 47, CO2 emissions are commonly perceived to rise and fall with aggregate output. Yet many factors, including energy-efficiency improvements, emissions coefficient variations and shifts to cleaner energy, can break the positive emissions-output relationship. To evaluate the importance of such factors, we uncover shocks that by construction reduce emissions without lowering output. These novel shocks explain a substantial fraction of emissions fluctuations. After extensively examining their impacts on macroeconomic and environmental indicators, we interpret these shocks as changes in the energy efficiency of consumer products. Our results imply that models omitting energy efficiency likely overestimate the trade-off between environmental protection and economic performance., Climate change, Econometric and statistical methods, Business fluctuations and cycles, Karnizova, Lilia VerfasserIn aut, Bank of Canada Staff working paper 2021, 47 2021,47 (DE-627)52722488X (DE-576)281337101 (DE-600)2278568-1 1701-9397, https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-47.pdf Verlag kostenfrei, https://www.bankofcanada.ca/2021/10/staff-working-paper-2021-47/ Verlag kostenfrei, http://hdl.handle.net/10419/248308 Resolving-System kostenfrei, https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-47.pdf LFER, LFER 2021-11-08T21:40:57Z |
spellingShingle |
Jo, Soojin, Karnizova, Lilia, Energy efficiency and fluctuations in CO2 emissions, Bank of Canada, Staff working paper, 2021, 47, CO2 emissions are commonly perceived to rise and fall with aggregate output. Yet many factors, including energy-efficiency improvements, emissions coefficient variations and shifts to cleaner energy, can break the positive emissions-output relationship. To evaluate the importance of such factors, we uncover shocks that by construction reduce emissions without lowering output. These novel shocks explain a substantial fraction of emissions fluctuations. After extensively examining their impacts on macroeconomic and environmental indicators, we interpret these shocks as changes in the energy efficiency of consumer products. Our results imply that models omitting energy efficiency likely overestimate the trade-off between environmental protection and economic performance., Climate change, Econometric and statistical methods, Business fluctuations and cycles |
title |
Energy efficiency and fluctuations in CO2 emissions |
title_auth |
Energy efficiency and fluctuations in CO2 emissions |
title_full |
Energy efficiency and fluctuations in CO2 emissions by Soojin Jo and Lilia Karnizova |
title_fullStr |
Energy efficiency and fluctuations in CO2 emissions by Soojin Jo and Lilia Karnizova |
title_full_unstemmed |
Energy efficiency and fluctuations in CO2 emissions by Soojin Jo and Lilia Karnizova |
title_in_hierarchy |
2021, 47. Energy efficiency and fluctuations in CO2 emissions ([2021]) |
title_short |
Energy efficiency and fluctuations in CO2 emissions |
title_sort |
energy efficiency and fluctuations in co2 emissions |
topic |
Climate change, Econometric and statistical methods, Business fluctuations and cycles |
topic_facet |
Climate change, Econometric and statistical methods, Business fluctuations and cycles |
url |
https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-47.pdf, https://www.bankofcanada.ca/2021/10/staff-working-paper-2021-47/, http://hdl.handle.net/10419/248308 |