Energy mix persistence and the effect of carbon pricing

Rohan Best, Paul Burke

    Research output: Contribution to journalArticle

    Abstract

    Energy mix persistence is a defining characteristic of energy systems, for reasons including the long‐lived nature of energy infrastructure and the role of local endowments. This persistence is evident in current energy‐type use being strongly influenced by past use. Our analysis uses data for eight energy types and a large sample of countries, finding varying degrees of energy mix persistence. We also find evidence that carbon pricing appears to have played a key role in tilting energy mixes from coal towards renewable energy. Our estimates provide empirical support to policymakers seeking to implement carbon pricing to transition their energy systems in a lower‐carbon direction.
    Original languageEnglish
    Pages (from-to)555-574
    JournalAustralian Journal of Agricultural and Resource Economics
    Volume64
    Issue number3
    Publication statusPublished - 2020

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