Economics, Econometrics and Finance
4 years ago

Rising energy prices could boost global energy efficiency, study finds.

RePEc: Research Papers in Economics
Does energy price affect energy efficiency? Cross-country panel evidence
Roberto Antonietti, Fulvio Fontini

Paper Summary

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The study looked at how energy prices affect energy efficiency in 120 countries from 1980 to 2013. They found that higher oil prices lead to slightly better energy efficiency, meaning people use energy more effectively when prices are higher. This effect varies in different parts of the world. Overall, increasing oil prices could help improve energy efficiency globally, but the impact would differ depending on the region.