UCL  IRIS
Institutional Research Information Service
UCL Logo
Please report any queries concerning the funding data shown on the profile page to:

http://www.ucl.ac.uk/finance/secure/research/post_award
Please report any queries concerning the student data shown on the profile page to:

Email: portico-services@ucl.ac.uk

Help Desk: http://www.ucl.ac.uk/ras/portico/helpdesk
Publication Detail
The macro-economic rebound effect and the UK economy
  • Publication Type:
    Journal article
  • Publication Sub Type:
    Article
  • Authors:
    Barker T, Ekins P, Foxon T
  • Publisher:
    ELSEVIER SCI LTD
  • Publication date:
    10/2007
  • Pagination:
    4935, 4946
  • Journal:
    ENERG POLICY
  • Volume:
    35
  • Issue:
    10
  • Print ISSN:
    0301-4215
  • Language:
    EN
  • Keywords:
    rebound effect, energy efficiency, top-down/bottom-up modelling, ENERGY EFFICIENCY, COUNTRIES, FALLACIES
  • Addresses:
    Univ Cambridge
    Dept Land Econ
    Cambridge Ctr Climate Change Mitigat Res 4CMR
    Cambridge
    CB3 9PE
    England

    Policy Studies Inst
    London
    W1W 6UP
    England
Abstract
This paper examines the macroeconomic rebound effect for the UK economy arising from energy efficiency policies 2000-2010 using the macroeconomic model, MDM-E3. The literature distinguishes between three types of rebound effect: direct, indirect and economy-wide. The macroeconomic rebound effect considered here is the combination of the indirect and economy-wide effects. Policies for the domestic, business, commercial and public, and transport sectors of the economy are analysed for 2000-2010. Overall, the policies lead to a saving of about 8% of the energy, which would otherwise have been used and a reduction in CO2 emissions of 10% (or l4mtC) by 2010. There are also favourable macroeconomic effects: lower inflation and higher growth. We find that the macroeconomic rebound effect arising from UK energy efficiency policies for the period 2000-2010 is around 11% by 2010, averaged across sectors of the economy. When this is added to the (assumed) direct rebound effect of around 15%, this gives a total rebound effect of around 26% arising from these policies. Thus, the findings of the study support the argument that energy efficiency improvements for both consumers and producers, stimulated by policy incentives, will lead to significant reductions in energy demand and hence in greenhouse gas emissions. (C) 2007 Published by Elsevier Ltd.
Publication data is maintained in RPS. Visit https://rps.ucl.ac.uk
 More search options
UCL Authors
UCL Energy Institute
University College London - Gower Street - London - WC1E 6BT Tel:+44 (0)20 7679 2000

© UCL 1999–2011

Search by