Towards a Green Energy Economy? A macroeconomic-climate evaluation of Sweden’s CO2 emissions
Author
Summary, in English
This paper provides a production and consumption-based empirical macroeconomic-climate assessment of Sweden’s CO2 emissions. The core methodology is based on three complementary quantitative methods, namely energy-economy-environment indicators, econometric analyses, and a multi-regional input output (MRIO) sectoral model. Based on the latest available data (1971–2011), indicators show a sharp decarbonisation of Sweden’s energy supply mix pre-1990, and reductions or reversals in energy intensity, CO2 intensity and energy use post-1990. Reductions in energy intensity are mostly attributed to substantial increases in economic activity rather than reductions in energy use. Econometric results show that variability of CO2 emissions is best explained by CO2 intensity than any other tested variable. The MRIO model shows that the Swedish emissions trading balance is negative with both the European Union and the rest of the world (i.e. embodied CO2 emissions in imports are higher than embodied emissions in exports). Sweden’s low-carbon intensity is a critical and horizontal explanatory factor in our results.
Publishing year
2015
Language
English
Pages
196-209
Publication/Series
Applied Energy
Volume
148
Document type
Journal article
Publisher
Elsevier
Topic
- Social Sciences Interdisciplinary
Keywords
- Sweden CO2 Emissions
- Embodied emissions
- E-3 Indicators
- Econometric Assessment
- Multi-Region Input–Output Analysis
Status
Published
Project
- Policy Intervention for a Competitive Green Energy Economy
ISBN/ISSN/Other
- ISSN: 1872-9118