bokomslag Creative Destruction During Crises

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49 sidor
2021

Lockdowns resulting from the COVID-19 pandemic have reduced overall energy demand but electricity generation from renewable sources has been resilient. While this partly reflects the trend increase in renewables, the empirical analysis presented in this paper highlights that recessions result in a permanent, albeit small, increase in energy efficiency and in the share of renewables in total electricity. These effects are stronger in the case of advanced economies and when complemented with environment and energy policiesboth market-based measures such as taxes on pollutants, trading schemes and feed-in-tariffs, as well as non-market measures such as emission and fuel standards and R&D investment and subsidiesto incentivize and hasten the transition towards renewable sources of energy.

Författare: Mr Pragyan Deb, Davide Furceri, Mr Jonathan David Ostry, Nour Tawk
Format: Pocket/Paperback
ISBN: 9781616357115
Språk: Engelska
Antal sidor: 49
Utgivningsdatum: 2021-12-30
Förlag: International Monetary Fund (IMF)