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SUMMARY:Empirical Analysis of Aggregate Economy Wide Energy Intensity Driv
 ers in South Africa
DTSTART:20180614T121500
DTEND:20180614T131500
DTSTAMP:20260916T232048Z
UID:d57229b534e611045fe8bd58c975dc88fb8e50fdec9c80cc39801d1a
CATEGORIES:Conferences - Seminars
DESCRIPTION:Marcel Kohler\, from the University of Kwazulu Natal in Durban
 \, South Africa\nAs both energy prices and concerns about global warming c
 ontinue to dominate the energy literature\, energy intensity measures have
  become important indicators informing energy policy at both the country a
 nd global level. The study presented here focuses on the factors that infl
 uence aggregate economy wide energy intensity values in South Africa in an
  effort to better understand the drivers of change in energy use within th
 e economy. The empirical model employed estimates both a long and a relate
 d short run equation for determining energy intensity changes using modern
  time series techniques. In the long run\, the use of energy is found to b
 e dependent on the country’s capital stock\, output and investment level
 s. The model’s coefficient of determination is high\, at 0.89. The short
  run model dynamics relates changes in South Africa’s energy use pattern
 s specifically to the capital to output ratio. A rise in the capital to ou
 tput ratio within the economy is found to reduce economy-wide energy use\,
  whilst a fall in the ratio increases it. The research suggests that the r
 elationship between energy and capital has to change if production in Sout
 h Africa is to become less energy intensive. Energy policy should therefor
 e focus on monitoring the economy’s energy to capital ratio whilst being
  mindful of potential energy rebound effects in the promotion of energy in
 tensity reductions in South Africa.
LOCATION:BP 3127 https://plan.epfl.ch/?room=BP3127
STATUS:CONFIRMED
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