Declining Real Interest Rates: The Role of Energy Prices in Energy Importers

2021 ◽  
Author(s):  
Myunghyun Kim
Keyword(s):  
Interest Rates ◽  
Energy Prices ◽  
Real Interest Rates

The role of EU-ETS Mechanism as Environmental Investment Promoter in Europe and Developing Countries

2014 ◽  
pp. 85-134
Author(s):  
Carlos Díaz Valdivia
Keyword(s):  
Developing Countries ◽  
Phase I ◽  
Interest Rates ◽  
Kyoto Protocol ◽  
Energy Prices ◽  
Eu Ets ◽  
Environmental Investment ◽  
The Impact ◽  
The Eu

This research attempts to provide a better understanding about the role of the European Union Emission Trading System (EU-ETS) as private environmental investment promoter. It explores the macroeconomic behavior of private environmental investments before and after the implementation of EU-ETS in 2005 until the end of Phase I of the mechanism. Also, private environmental investments are contrasted with variables like: economic growth, interest rates, and energy prices (gas and electricity) in order to quantify the impact of these on private environmental decisions and evaluate the level of impact (slow, moderate and strong) of all these variables together with the EU-ETS implementation on private environmentalinvestment decisions. For this purpose it is used a statistical approach through multiple linear regressions for the cases of Germany, Spain, France and The Netherlands and a single panel estimation with data information of all the countries mentioned. The results show that the signature of Kyoto Protocol in year 1997 -as a preamble of EU-ETS- provided a perverse incentive on private environmental investments until 2004. During Phase I (2005–2007) of the EU-ETS mechanism, private environmental investments showed an important positive recovery that was not enough to reach pre Kyoto Protocol levels. Finally, it is analyzed the investment in developing countries through CDM projects.

U.S. stock markets and the role of real interest rates

2016 ◽  
Vol 59 ◽  
pp. 231-242 ◽  
Author(s):  
Wanling Huang ◽  
André Varella Mollick ◽  
Khoa Huu Nguyen
Keyword(s):  
Interest Rates ◽  
Stock Markets ◽  
Real Interest Rates

scholarly journals Saving energy in residential buildings: the role of energy pricing

2021 ◽  
Vol 167 (1-2) ◽  
Author(s):  
Jens Ewald ◽  
Thomas Sterner ◽  
Eoin Ó Broin ◽  
Érika Mata
Keyword(s):  
Energy Demand ◽  
Income Elasticity ◽  
Residential Buildings ◽  
Policy Framework ◽  
Energy Prices ◽  
Residential Energy ◽  
Residential Energy Demand ◽  
Long Run ◽  
Zero Carbon

AbstractA zero-carbon society requires dramatic change everywhere including in buildings, a large and politically sensitive sector. Technical possibilities exist but implementation is slow. Policies include many hard-to-evaluate regulations and may suffer from rebound mechanisms. We use dynamic econometric analysis of European macro data for the period 1990–2018 to systematically examine the importance of changes in energy prices and income on residential energy demand. We find a long-run price elasticity of −0.5. The total long-run income elasticity is around 0.9, but if we control for the increase in income that goes towards larger homes and other factors, the income elasticity is 0.2. These findings have practical implications for climate policy and the EU buildings and energy policy framework.

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