Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74093
Authors: 
Roson, Roberto
Bosello, Francesco
Cian, Enrica De
Year of Publication: 
2007
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 71.2007
Abstract: 
Future energy demand will be affected by changes in prices and income, but also by other factors, like temperature levels. This paper draws upon an econometric study, disentangling the contribution of temperature in the determination of the annual regional demand for energy goods. Combining estimates of temperature elasticities with scenarios of future climate change, it is possible to assess variations in energy demand induced (directly) by the global warming. We use this information to simulate a change in the demand structure of households in a CGE model of the world economy, in a set of assessment exercises. The changing demand structure triggers a structural adjustment process, influencing trade flows, regional competitiveness of industries and regions, and welfare. We also consider the possible existence of imperfect competition in the energy markets, analyzing the impact of changes in energy demand with an alternative model version, in which energy industries are modeled as Cournot oligopolies.
Subjects: 
Climate Change
Energy
Computable General Equilibrium Models
Imperfect Competition
JEL: 
D58
F12
Q43
Q54
Document Type: 
Working Paper

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