Adom, Philip Kofi
- Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
- University of Professional Studies, Accra
Sammanfattning
Despite the prevalence of voluntary and involuntary energy conservation policies, developing countries in Africa continue to struggle to achieve energy efficiency targets. Consequently, energy intensity levels have risen threatening the security of the energy system. This raises the important question: is there an economic state that induces agents to be energy conscious? In this study, we study the case of Algeria's energy intensity from 1971 to 2010. First, the paper argues that there is a certain economic state that economic agents find investing in energy conservation a viable option. Any state different from that would mean not investing in energy conservation. Second, the paper argues that the economy can do better even with an infinitesimal reduction in fuel subsidy, and that the gains in revenue from the policy can compensate for the negative socio-economic and equity impacts associated with such a policy. Third, the paper argues that, so long as, industrial expansion in the country move parallel with investment in technological innovation, long-term sustainable growth and energy conservation targets are jointly feasible. Fourth, the paper shows that income elasticity evolves with the business cycle, and the absorptive capability of the host country affects how FDI (foreign direct inflows) impact energy intensity. (C) 2015 Elsevier Ltd. All rights reserved.
Nyckelord
Energy intensity; Business cycle; Energy conservation policy; Algeria
Publicerad i
Energy
2015, volym: 88, sidor: 334-350
Utgivare: PERGAMON-ELSEVIER SCIENCE LTD
SLU författare
Globala målen (SDG)
SDG7 Hållbar energi för alla
SDG10 Minska ojämlikhet
SDG17 Genomförande och globalt partnerskap
UKÄ forskningsämne
Energisystem
Publikationens identifierare
- DOI: https://doi.org/10.1016/j.energy.2015.05.051
Permanent länk till denna sida (URI)
https://res.slu.se/id/publ/75572