a column by David Hendry for VOX: CEPR’s Policy Portal
The Industrial Revolution has been of vast benefit to humanity, but it came at the cost of a global explosion in anthropogenic emissions of greenhouse gases. The UK was the first country into the Industrial Revolution. Now it is one of the first countries heading out, with annual CO2 emissions per capita back below the levels of the 1860s.
This column presents an econometric model of UK emissions over the last 150 years to establish what has driven them down and reveal the impacts of important policies, especially the Climate Change Act of 2008. Even so, large reductions in all the UK’s CO2 sources are still required to meet its 2050 target of an 80% reduction from 1970 levels.
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Showing posts with label CO2_emissions. Show all posts
Showing posts with label CO2_emissions. Show all posts
Tuesday, 18 December 2018
Thursday, 6 December 2018
Per capita income, consumption patterns, and carbon dioxide emissions
a column by Justin Caron and Thibault Fally for VOX: CEPR’s Policy Portal
With global emissions of CO2 still growing, understanding the determinants behind energy use and emissions is as relevant as ever.
This column looks at the role of per capita income and consumption choices. It finds that the share of expenditures spent on energy and energy-intensive goods tends to decrease with income across a large set of countries. Simulations indicate that income growth shifts consumption patterns in a way which generally reduces emissions.
However, increasing emissions in low- and middle-income countries as well as a shift from direct to indirect consumption of energy mean that the effect on total world emissions is modest.
Continue reading
With global emissions of CO2 still growing, understanding the determinants behind energy use and emissions is as relevant as ever.
This column looks at the role of per capita income and consumption choices. It finds that the share of expenditures spent on energy and energy-intensive goods tends to decrease with income across a large set of countries. Simulations indicate that income growth shifts consumption patterns in a way which generally reduces emissions.
However, increasing emissions in low- and middle-income countries as well as a shift from direct to indirect consumption of energy mean that the effect on total world emissions is modest.
Continue reading
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