Abstract
| Language | English |
|---|---|
| Article number | 104538 |
| Number of pages | 12 |
| Journal | Energy Economics |
| Volume | 85 |
| Early online date | 22 Oct 2019 |
| DOIs | |
| Publication status | Published - Jan 2020 |
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Keywords
- Australia
- Club convergence
- Energy productivity
- Forecasting
- Renewable energy
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Convergence of energy productivity in Australian states and territories : Determinants and forecasts. / Bhattacharya, Mita; Inekwe, John N.; Sadorsky, Perry.
In: Energy Economics, Vol. 85, 104538, 01.2020.Research output: Contribution to journal › Article › Research › peer-review
TY - JOUR
T1 - Convergence of energy productivity in Australian states and territories
T2 - Energy Economics
AU - Bhattacharya, Mita
AU - Inekwe, John N.
AU - Sadorsky, Perry
PY - 2020/1
Y1 - 2020/1
N2 - The Australian government has recently launched a National Energy Productivity Plan that calls for a 40% increase in energy productivity (economic output divided by energy use) before 2030. Improving energy productivity would help boost economic competitiveness, reduce energy costs, and reduce carbon dioxide emissions in Australia. Understanding energy productivity dynamics at the state level is essential for the success of this program. This research analyses the convergence path of energy productivity in Australian states and territories. Club convergence analysis applied to data over the period 1990 to 2015 reveals two converging energy productivity clubs. Initial energy productivity, industry structure, and automobile fuel prices are important determinants of higher energy productivity. Based on Australian state energy productivity forecasts to 2030, New South Wales and Victoria will be the forerunners in maintaining higher energy productivity in 2030. Australia will not achieve a 40% increase in energy productivity before 2030 without significant changes to its fuel mix and industry structure.
AB - The Australian government has recently launched a National Energy Productivity Plan that calls for a 40% increase in energy productivity (economic output divided by energy use) before 2030. Improving energy productivity would help boost economic competitiveness, reduce energy costs, and reduce carbon dioxide emissions in Australia. Understanding energy productivity dynamics at the state level is essential for the success of this program. This research analyses the convergence path of energy productivity in Australian states and territories. Club convergence analysis applied to data over the period 1990 to 2015 reveals two converging energy productivity clubs. Initial energy productivity, industry structure, and automobile fuel prices are important determinants of higher energy productivity. Based on Australian state energy productivity forecasts to 2030, New South Wales and Victoria will be the forerunners in maintaining higher energy productivity in 2030. Australia will not achieve a 40% increase in energy productivity before 2030 without significant changes to its fuel mix and industry structure.
KW - Australia
KW - Club convergence
KW - Energy productivity
KW - Forecasting
KW - Renewable energy
UR - http://www.scopus.com/inward/record.url?scp=85074868709&partnerID=8YFLogxK
U2 - 10.1016/j.eneco.2019.104538
DO - 10.1016/j.eneco.2019.104538
M3 - Article
VL - 85
JO - Energy Economics
JF - Energy Economics
SN - 0140-9883
M1 - 104538
ER -