气候变化领域集成服务门户(CCPortal): Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19

CCPortal

DOI	10.1016/j.enpol.2021.112392
	Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19
	Haxhimusa A.; Liebensteiner M.
发表日期	2021
ISSN	03014215
卷号	156
英文摘要	The coronavirus pandemic (COVID-19) has led to a massive collapse in economic activity and energy demand, with the result of significant emissions reductions at a global scale. However, the existing literature investigating abatement from COVID-19 mainly overlooked the overwhelming emissions reduction in Europe's power sector. We address this by assessing the intricate relationship between electricity demand shocks and heterogeneous generation technologies in the power sectors of 16 major European economies during January to March 2020. We apply an econometric model in an instrumental-variables framework. In a first step, we assess the impact of COVID-19 infections on electricity demand, and in a second step how this translates into emissions abatement. We find that, during full lockdown, COVID-19 reduced electricity demand by 19% and carbon emissions by an astonishing 34% per hour, whereas there is severe country heterogeneity depending on the electricity supply structure and demand shock intensity. From our estimates, we predict that power sector emissions fell by 18.4% in 2020. Our results reveal the importance of a carbon price, so that a demand reduction can offset large amounts of emissions by displacing coal at the margin. We derive several policy implications from our analysis to draw lessons from the pandemic. © 2021
关键词	Carbon pricing Coronavirus COVID-19 Electricity demand Emissions
英文关键词	Costs; Economics; Electric power utilization; Emission control; Public policy; A-carbon; Carbon pricing; Coronaviruses; COVID-19; Demand reduction; Demand shocks; Electricity demands; Emission; Emission reduction; Power sector; Carbon; carbon emission; COVID-19; demand-side management; economic activity; electricity supply; emission control; energy policy; power generation; price determination; Europe; Coronavirus
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205136
作者单位	University of Applied Sciences of the Grisons, Centre for Economic Policy Research, Comercialstrasse 20, Chur, 7000, Switzerland; Friedrich-Alexander-Universität (FAU) Erlangen-Nürnberg, Chair of Energy Markets and Energy Systems Analysis, Lange Gasse 2090403, Germany
推荐引用方式 GB/T 7714	Haxhimusa A.,Liebensteiner M.. Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19[J],2021,156.
APA	Haxhimusa A.,&Liebensteiner M..(2021).Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19.Energy Policy,156.
MLA	Haxhimusa A.,et al."Effects of electricity demand reductions under a carbon pricing regime on emissions: lessons from COVID-19".Energy Policy 156(2021).