Predicting structural changes of the energy sector in an input-output framework

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14230%2F23%3A00132042" target="_blank" >RIV/00216224:14230/23:00132042 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/pii/S036054422203064X" target="_blank" >https://www.sciencedirect.com/science/article/pii/S036054422203064X</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.energy.2022.126178" target="_blank" >10.1016/j.energy.2022.126178</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Predicting structural changes of the energy sector in an input-output framework

Popis výsledku v původním jazyce

The share of renewable energies has to increase significantly in the ongoing energy transition. Such a shift in production technology is expected to have noticeable effects on the energy sector's input structure that is required for its output. This study examines how changes in a country's energy mix affect its energy sector's input coefficients within an input-output framework, using Austria's renewable expansion act as a case study. Predicting input coefficients can be time-consuming and often relies on trends in past data. Our empirical approach is based on a fractional econometric model using panel data on the energy mix and input structures of energy sectors for 26 European countries, and can be efficiently and readily applied to the 26 countries covered in the model. We illustrate the prediction of input coefficients for Austria's energy sector in 2030. We find that input shares from the energy sector to itself would remain high, while mining inputs would decrease. Our model also predicts that increasing the share of renewable energy sources comes with a significant decrease in the share of labor inputs, mainly because operating renewable energy technologies requires less labor than operating non-renewable ones. The presented method allows to assess renewable energy policy plans to anticipate the effects of structural changes in national energy sectors.

Název v anglickém jazyce

Predicting structural changes of the energy sector in an input-output framework

Popis výsledku anglicky

The share of renewable energies has to increase significantly in the ongoing energy transition. Such a shift in production technology is expected to have noticeable effects on the energy sector's input structure that is required for its output. This study examines how changes in a country's energy mix affect its energy sector's input coefficients within an input-output framework, using Austria's renewable expansion act as a case study. Predicting input coefficients can be time-consuming and often relies on trends in past data. Our empirical approach is based on a fractional econometric model using panel data on the energy mix and input structures of energy sectors for 26 European countries, and can be efficiently and readily applied to the 26 countries covered in the model. We illustrate the prediction of input coefficients for Austria's energy sector in 2030. We find that input shares from the energy sector to itself would remain high, while mining inputs would decrease. Our model also predicts that increasing the share of renewable energy sources comes with a significant decrease in the share of labor inputs, mainly because operating renewable energy technologies requires less labor than operating non-renewable ones. The presented method allows to assess renewable energy policy plans to anticipate the effects of structural changes in national energy sectors.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Energy

ISSN

0360-5442

e-ISSN

1873-6785

Svazek periodika

265

Číslo periodika v rámci svazku

February

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

9

Strana od-do

1-9

Kód UT WoS článku

000904914700001

EID výsledku v databázi Scopus

2-s2.0-85145566196