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The Development of Austrian Greenhouse Gas Emissions since 2021

Author

Listed:
  • Tobias Eibinger

    (University of Graz, Austria)

  • Karl W. Steininger

    (University of Graz, Austria)

  • Hans Manner

    (University of Graz, Austria)

Abstract

Greenhouse gas emissions in Austria in 2023 were 14% below 1990 levels, matching those last observed in 1970. Particularly strong decreases occurred in 2022 and 2023, with emissions falling by 5.8% and 6.4%, respectively. The buildings sector in 2023 was over 50% below its 1990 baseline. It experienced a 20% drop in 2023, with 0.7 percentage points explained by a milder winter and the remainder driven by an increased share in renewables. Two-thirds of this uptake can be traced to high energy prices since 2021. Emissions in remaining sectors declined by 4.9% in 2023, with weak economic performance contributing 0.86 percentage points and the majority attributed to a higher share of renewables, around 60% of which can be explained by rising energy prices since 2021. A hypothetical scenario, assuming average economic conditions and winter temperatures, indicates that emissions would have been lower than the ones observed in 2021 and 2022 but slightly higher in 2023.

Suggested Citation

  • Tobias Eibinger & Karl W. Steininger & Hans Manner, 2024. "The Development of Austrian Greenhouse Gas Emissions since 2021," Graz Economics Papers 2024-23, University of Graz, Department of Economics.
    • Handle: RePEc:grz:wpaper:2024-23
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    More about this item

    Keywords

    GHG Emissions; Mitigation; Nowcasting.;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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