BC3. Basque centre for climate change – Klima aldaketa ikergai

Seminar given by Roger Fouquet, Ikerbasque Research Professor- BC3.
 

Date: 24^th of February

Location: Sarriko

Before the mid-eighteenth century, most people lived in near-complete darkness except in the presence of sunlight and moonlight. Since then, the provision of artificial light has been revolutionized by a number of innovations in appliances, fuels, infrastructures and institutions. The real price of lighting has fallen dramatically (i.e. 4,000-fold since 1800). Coupled with the growing demands of economic development, per capita consumption of lighting is 16,000 times greater than in 1800. This paper presents estimates of the income, real price and efficiency (i.e. rebound effect) elasticities of demand for lighting, and how they have changed over time. This paper provides a first case study of the long run effects of economic development and technological innovation on the demand for energy services, which are vital for a better understanding of energy behavior and forecasting of greenhouse gas emissions.