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OverviewLockdowns resulting from the COVID-19 pandemic have reduced overall energy demand but electricity generation from renewable sources has been resilient. While this partly reflects the trend increase in renewables, the empirical analysis presented in this paper highlights that recessions result in a permanent, albeit small, increase in energy efficiency and in the share of renewables in total electricity. These effects are stronger in the case of advanced economies and when complemented with environment and energy policies—both market-based measures such as taxes on pollutants, trading schemes and feed-in-tariffs, as well as non-market measures such as emission and fuel standards and R&D investment and subsidies—to incentivize and hasten the transition towards renewable sources of energy. Full Product DetailsAuthor: Mr. Pragyan Deb , Davide Furceri , Mr. Jonathan David Ostry , Nour TawkPublisher: International Monetary Fund (IMF) Imprint: International Monetary Fund (IMF) ISBN: 9781616357115ISBN 10: 1616357118 Pages: 49 Publication Date: 30 December 2021 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationIMF Working Papers describe research in progress by the author(s) and are published to elicitcomments and to encourage debate. The views expressed in IMF Working Papers are those of theauthor(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Tab Content 6Author Website:Countries AvailableAll regions |
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