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Best-practice and average practice: technique choice and energy demand in a vintage model

  • Lennart Hjalmarsson
  • Finn R. Försund
Part of the International Studies in Economic Modelling book series (ISIM)

Abstract

Comparisons between best-practice use of energy and average practice have become quite popular in debates and scenarios about future need for energy, and sometimes fairly strong conclusions are drawn about long-run energy demand on the basis of such comparisons (see for example Goldemberg et al., 1988 and Johansson et al., 1989). Since in most sectors of an economy there is a substantial difference between the average and lowest energy input coefficients (i.e. the amount of energy used per unit output) an instantaneous adoption of best-practice energy-using technology in all sectors would decrease the use of energy radically.

Keywords

Energy Demand Relative Price Reference Case Technical Progress Capacity Expansion 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  • Lennart Hjalmarsson
  • Finn R. Försund

There are no affiliations available

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