Abstract
A reduction of energy service demand is a climate mitigation option, but its effectiveness has never been quantified. We quantify the effectiveness of energy service demand reduction in the building, transport, and industry sectors using the Asia-Pacific Integrated Assessment/Computable General Equilibrium (AIM/CGE) model for the period 2015–2050 under various scenarios. There were two major findings. First, a 25% energy service demand reduction in the building, transport, and basic material industry sectors would reduce the GDP loss induced by climate mitigation from 4.0% to 3.0% and from 1.2% to 0.7% in 2050 under the 450ppm and 550ppm CO2 equivalent concentration stabilization scenarios, respectively. Second, the effectiveness of a reduction in the building sector׳s energy service demand would be higher than those of the other sectors at the same rate of the energy service demand reduction. Furthermore, we also conducted a sensitivity analysis of different socioeconomic conditions, and the climate mitigation target was found to be a key determinant of the effectiveness of energy service demand reduction measures. Therefore, more certain climate mitigation targets would be useful for the decision makers who design energy service demand reduction measures.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.