IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/61089.html
   My bibliography  Save this book

Energy Scenarios 2050 for Austria

Author

Listed:
  • Ina Meyer
  • Mark Sommer

    (WIFO)

  • Kurt Kratena

    (WIFO)

Abstract

This study develops and analyses new energy scenarios for Austria, taking into account the international climate policy after the COP21 in Paris (2015). In two energy-economic scenarios, potential effects of climate and energy policy measures on energy consumption and value added in Austria are modelled up to the year 2050. According to the UNFCCC definition, a WEM scenario ("with existing measures") is developed which describes energy-economic trends and includes the climate and energy-economic measures implemented until the end of May 2016. In addition, a WAM plus scenario ("with additional measures") is developed and modelled, which is based on the medium- and long-term objectives of the European climate and energy policy, i.e., a greenhouse gas emissions reduction of 80 to 95 percent by 2050 (compared to 1990) and a representation of the 2030 target (greenhouse gas emissions –40 percent) detailed for Austria. The WAM plus scenario includes a large number of additional measures in the area of energy efficiency, renewable energy and technological change. Next to technological innovations and cost improvements in energy efficiency and renewable energy technologies, this includes behavioural and lifestyle changes in energy-related demand patterns and targeted infrastructure investments. The WAM plus scenario is a global climate change scenario that reflects a global commitment to achieving the goals of the Paris Climate Agreement. The modelling of the scenarios takes the form of a model coupling of a number of technology-oriented sectoral bottom-up models of the project partners (AEA, TU Vienna, TU Graz, UBA) with a top-down model – the WIFO.DYNK model (Dynamic New-Keynesian model). As a result, there is a slight absolute decoupling of economic performance and energy consumption in the WEM scenario, with an average annual GDP growth rate of 1.5 percent. Considerable investments in a low-carbon economy set significant growth impulses for the Austrian economy in the WAM plus scenario. Cost-saving effects through lower energy bills are responsible for income effects that generate a positive stimulous to the economy. Ultimately, this increases the average annual GDP growth rate to 1.7 percent (at constant prices), with a significant fall in energy demand in the main aggregated sectors. Detailed sector results can be found in the report.

Suggested Citation

  • Ina Meyer & Mark Sommer & Kurt Kratena, 2018. "Energy Scenarios 2050 for Austria," WIFO Studies, WIFO, number 61089, March.
    • Handle: RePEc:wfo:wstudy:61089
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/61089
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ina Meyer & Mark Sommer & Kurt Kratena & Maria Tesar & Christian Neubauer, 2016. "Volkswirtschaftliche Effekte durch Recycling ausgewählter Altstoffe und Abfälle," WIFO Studies, WIFO, number 59158.
    2. Kurt Kratena & Mark Sommer, 2014. "Policy Implications of Resource Constraints on the European Economy. WWWforEurope Policy Brief No. 6," WIFO Studies, WIFO, number 50873, March.
    3. Iñaki Arto & Kurt Kratena & Antonio F. Amores & Umed Temurshoev & Gerhard Streicher, 2015. "Market based instruments to reduce air emissions from household heating appliances. Analysis of scrappage policy scenarios," JRC Research Reports JRC85940, Joint Research Centre.
    4. Jose Luengo-Prado, Maria, 2006. "Durables, nondurables, down payments and consumption excesses," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1509-1539, October.
    5. Simone Salotti & Letizia Montinari & Antonio F. Amores & José Manuel Rueda-Cantuche, 2015. "Total expenditure elasticity of non-durable consumption of European households," JRC Research Reports JRC94405, Joint Research Centre.
    6. Kurt Kratena & Gerhard Streicher & Umed Temurshoev & Antonio F. Amores & Iñaki Arto & Ignazio Mongelli & Frederik Neuwahl & José-Manuel Rueda-Cantuche & Valeria Andreoni, 2013. "FIDELIO 1: Fully Interregional Dynamic Econometric Long-term Input-Output Model for the EU 27," WIFO Studies, WIFO, number 46816.
    7. Schumacher, Katja & Sands, Ronald D., 2007. "Where are the industrial technologies in energy-economy models? An innovative CGE approach for steel production in Germany," Energy Economics, Elsevier, vol. 29(4), pages 799-825, July.
    8. Boeters, Stefan & Savard, Luc, 2013. "The Labor Market in Computable General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1645-1718, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mark Sommer & Ina Meyer & Silvia Scherhaufer & Florian Part & Peter Beigl, 2021. "ROSE-Trans – The Role of Secondary Resources in the Austrian Energy Transition," WIFO Studies, WIFO, number 69194.
    2. Ina Meyer & Mark Sommer, 2019. "Zur umweltökonomischen Relevanz der Abfall- und Ressourcenwirtschaft. Beschäftigungseffekte durch Restmüllverwertung," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(11), pages 833-843, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kurt Kratena & Mark Sommer & Gerhard Streicher & Simone Salotti & Juan Manuel Valderas Jaramillo, 2017. "FIDELIO 2: Overview and Theoretical Foundations of the Second Version of the Fully Interregional Dynamic Econometric Long-term Input-Output Model for the EU 27," WIFO Studies, WIFO, number 61880, March.
    2. Mark Sommer & Kurt Kratena, 2016. "The Carbon Footprint of European Households and Income Distribution. WWWforEurope Working Paper No. 113," WIFO Studies, WIFO, number 58787.
    3. Mark Sommer & Kurt Kratena, 2020. "Consumption and production-based CO2 pricing policies: macroeconomic trade-offs and carbon leakage," Economic Systems Research, Taylor & Francis Journals, vol. 32(1), pages 29-57, January.
    4. Kurt Kratena & Gerhard Streicher, 2017. "Fiscal Policy Multipliers and Spillovers in a Multi-Regional Macroeconomic Input-Output Model," WIFO Working Papers 540, WIFO.
    5. Tim Jackson & Ben Drake & Peter Victor & Kurt Kratena & Mark Sommer, 2014. "Foundations for an Ecological Macroeconomics. Literature Review and Model Development. WWWforEurope Working Paper No. 65," WIFO Studies, WIFO, number 47497.
    6. Sommer, Mark & Kratena, Kurt, 2017. "The Carbon Footprint of European Households and Income Distribution," Ecological Economics, Elsevier, vol. 136(C), pages 62-72.
    7. Mark Sommer & Raimund Kurzmann, 2016. "Kurzbeschreibung der Modelllandschaft im Projekt "Beschäftigungsmultiplikatoren und die Besetzung von Arbeitsplätzen in Österreich"," WIFO Studies, WIFO, number 58838, March.
    8. Kurt Kratena & Mark Sommer, 2014. "Model Simulations of Resource Use Scenarios for Europe. WWWforEurope Deliverable No. 5," WIFO Studies, WIFO, number 47503.
    9. Kurt Kratena & Mark Sommer, 2014. "Labour Market Policy and Environmental Fiscal Devaluation: A Cure for Spain in the Aftermath of the Great Recession?," WIFO Working Papers 476, WIFO.
    10. Mark Sommer & Ina Meyer & Silvia Scherhaufer & Florian Part & Peter Beigl, 2021. "ROSE-Trans – The Role of Secondary Resources in the Austrian Energy Transition," WIFO Studies, WIFO, number 69194.
    11. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller-Altzinger & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247.
    12. Kurt Kratena, 2015. "Thematic Report: Macroeconomic Models Including Specifically Social and Environmental Aspects. WWWforEurope Deliverable No. 8," WIFO Studies, WIFO, number 58411, March.
    13. Kurt Kratena & Michael Wüger, 2010. "The Full Impact of Energy Efficiency on Households' Energy Demand," WIFO Working Papers 356, WIFO.
    14. Antonia Diaz & Maria Jose Luengo Prado, 2008. "On the User Cost and Homeownership," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(3), pages 584-613, July.
    15. Cai, Yiyong & Newth, David & Finnigan, John & Gunasekera, Don, 2015. "A hybrid energy-economy model for global integrated assessment of climate change, carbon mitigation and energy transformation," Applied Energy, Elsevier, vol. 148(C), pages 381-395.
    16. Aaron B. Gertz & James B. Davies & Samantha L. Black, 2019. "A CGE Framework for Modeling the Economics of Flooding and Recovery in a Major Urban Area," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1314-1341, June.
    17. Julien Lefevre, 2018. "Modeling the Socioeconomic Impacts of the Adoption of a Carbon Pricing Instrument – Literature review," CIRED Working Papers hal-03128619, HAL.
    18. Boeters, Stefan & Koornneef, Joris, 2011. "Supply of renewable energy sources and the cost of EU climate policy," Energy Economics, Elsevier, vol. 33(5), pages 1024-1034, September.
    19. Patrick Bajari & Phoebe Chan & Dirk Krueger & Daniel Miller, 2013. "A Dynamic Model Of Housing Demand: Estimation And Policy Implications," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(2), pages 409-442, May.
    20. Maria Teresa Punzi, 2013. "Housing Market and Current Account Imbalances in the International Economy," Review of International Economics, Wiley Blackwell, vol. 21(4), pages 601-613, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:61089. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.