Energy mix persistence and the effect of carbon pricing

Rohan Best*, Paul J. Burke

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)555-574
Number of pages20
JournalAustralian Journal of Agricultural and Resource Economics
Volume64
Issue number3
Early online date3 Mar 2020
DOIs
Publication statusPublished - 1 Jul 2020

Keywords

  • carbon pricing
  • energy transitions
  • fossil fuels
  • persistence
  • renewable energy

Fingerprint

Dive into the research topics of 'Energy mix persistence and the effect of carbon pricing'. Together they form a unique fingerprint.

Cite this