Energy Demand and Temperature: A Dynamic Panel Analysis

Arbeitspapier

This paper is a first attempt to investigate the effect of climate on the demand for different energy vectors from different final users. The ultimate motivation for this is to arrive to a consistent evaluation of the impact of climate change on key consumption goods and primary factors such as energy vectors. This paper addresses these issues by means of a dynamic panel analysis of the demand for coal, gas, electricity, oil and oil products by residential, commercial and industrial users in OECD and (a few) non-OECD countries. It turns out that temperature has a very different influence on the demand of energy vectors as consumption goods and on their demand as primary factors. In general, residential demand responds negatively to temperature increases, while industrial demand is insensitive to temperature increases. As to the service sector, only electricity demand displays a mildly significant negative elasticity to temperature changes.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 112.2006

Classification and Topics

• Classification: Wirtschaft ; Energy: Demand and Supply; Prices ; Climate; Natural Disasters and Their Management; Global Warming
• Subject: Energy Demand ; Temperature ; Dynamic Panels ; Energie ; Nachfrage ; Klimaveränderung ; Panel ; OECD-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bigano, Andrea ; Bosello, Francesco ; Marano, Giuseppe
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/74260
• Last update: 10.03.2025, 11:42 AM CET