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Energy efficiency and fluctuations in CO2 emissions

Personen und Körperschaften: Jo, Soojin (Verfasser*in), Karnizova, Lilia (Verfasser*in)
Titel: Energy efficiency and fluctuations in CO2 emissions/ by Soojin Jo and Lilia Karnizova
Sprache: English
veröffentlicht:
[Ottawa] Bank of Canada [2021]
Gesamtaufnahme: Bank of Canada: Staff working paper ; 2021, 47
Beschreibung: 1 Online-Ressource (circa 42 Seiten); Illustrationen
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520 |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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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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spelling 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