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The Impact of Energy on Global Economy

Author

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  • Henri Safa

    (I2EN, International Institute of Nuclear Energy, CEA Saclay, 91191 Gif-sur-Yvette Cedex, France,
    CEA, Scientific Direction, CEA Saclay, 91191 Gif-sur-Yvette Cedex, France.)

Abstract

The paper displays and explicit the interrelation that can be found between energy and economy. While energy is essential for human development, squandering should be prevented to avoid detrimental feedback from global warming. A better use of energy may enhance energy intensity but energy efficiency gains are hard to implement and slow. In order to evaluate the impact of energy on global economy, instead of using the usual statistical methods, we suggest an approach based on the production cost of products. Each activity sector is analyzed regarding its energy needs and related costs. The methodology has been applied to the case of France. It is found that energy affects over 60% of the global economy in France.

Suggested Citation

  • Henri Safa, 2017. "The Impact of Energy on Global Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 287-295.
    • Handle: RePEc:eco:journ2:2017-02-34
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    References listed on IDEAS

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    Cited by:

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    2. Grzegorz Przekota, 2023. "Do Household Electricity Prices in European Union Countries Depend on the Energy Mix?," Energies, MDPI, vol. 16(21), pages 1-15, October.
    3. Grzegorz Przekota & Anna Szczepańska-Przekota, 2022. "Pro-Inflationary Impact of the Oil Market—A Study for Poland," Energies, MDPI, vol. 15(9), pages 1-19, April.
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    5. Jerzy Rembeza & Grzegorz Przekota, 2022. "Influence of the Industry’s Output on Electricity Prices: Comparison of the Nord Pool and HUPX Markets," Energies, MDPI, vol. 15(16), pages 1-15, August.

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    More about this item

    Keywords

    Energy Impact; Gross Domestic Product; Economy; Energy Transition;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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