Energy as a Factor of Production

This section is almost unchanged from the 2004 version. I haven't seen anything recent that adds much to what's here. Have you?Energy as a Factor of ProductionThe potentially critical role of energy in economic production and growth is dictated by basic physical principles. The laws of thermodynamics and the conservation of matter describe the immutable constraints within which the economic

Energy Mix and Energy Intensity

The series continues:Energy Quality and Shifts in Composition of Energy InputIn the course of economic development countries’ fuel mix tends to evolve as they move up the “energy ladder” (Hosier, 2004). Burke (2010) documents a similar progression for the power sources used in electricity generation. In the least developed economies and in today’s developed economies before the industrial

The Rebound Effect

The latest episode. Comments please.The Rebound EffectThe Khazzoom-Brookes Postulate (Brookes, 1990; Khazzoom, 1980, Berkhout et al., 2000), or "rebound effect," argues that energy saving innovations induce an increase in energy consumption that offsets the technology derived saving. Rebound effects can be defined for energy saving innovations in consumption and production. A consumer consumes

Polynomial Cointegration and the Global Warming Hypothesis

Michael Beenstock and Yaniv Reingewertz have a fairly new working paper that applies the method of polynomial cointegration to testing the global warming hypothesis. This paper has apparently been discussed quite a bit in the blogosphere.The authors find that they cannot reject the null hypothesis that the forcing variables that they consider do not polynomially cointegrate with global

Call for Papers on Climate Policy

Harry Clarke, the Editor of “Economic Papers: A Journal of AppliedEconomics and Policy” is seeking papers on climate change economics forthe June issue of the journal. The deadline is the end of April, papers receivedafter that may be considered for the September edition.

Frank's Blogpost

Frank Jotzo has a blogpost about China's emissions intensity target.

Debate on Unit Roots in Temperature Series

A huge debate with 1672 comments erupted on Bart Verheggen's blog regarding the issue of unit roots in temperature series. I didn't read much of it, but the main point seems to be that when there are unit roots in time series you need to take that in account when determining if there is a trend in the series and it is harder to reject the null of no trend. This is all true but you can also