Energy mix persistence is a defining characteristic of energy systems, for reasons including the longâ€lived nature of energy infrastructure and the role of local endowments. This persistence is evident in current energyâ€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 lowerâ€carbon direction.
|Journal||Australian Journal of Agricultural and Resource Economics|
|Publication status||Published - 2020|