200 years diversifying the energy mix? Diversification paths of the energy baskets of European early comers vs. latecomers
Fecha
2017Versión
Acceso abierto / Sarbide irekia
Tipo
Documento de trabajo / Lan gaiak
Versión
Versión publicada / Argitaratu den bertsioa
Impacto
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nodoi-noplumx
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Resumen
The changes in the composition of the energy basket in the long run lead to energy transitions. Primary energy substitution models allow addressing these phenomena. However, the diversification paths of the energy mix of different countries in a long term compared perspective have not been studied yet. This paper proposes an indicator, based on the Herfindahl‐Hirschman Index, the Energy Mix Conce ...
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The changes in the composition of the energy basket in the long run lead to energy transitions. Primary energy substitution models allow addressing these phenomena. However, the diversification paths of the energy mix of different countries in a long term compared perspective have not been studied yet. This paper proposes an indicator, based on the Herfindahl‐Hirschman Index, the Energy Mix Concentration Index (EMCI), to quantify the degree of diversification of the primary energy basket of eight European countries over the last two centuries. The results reveal that early comers, which are large energy consumers, required a huge concentration of their energy basket in the 19th century; however, the observed countries had converged to similar levels of diversification of their energy mixes from the second half of the 20th century, and more crucially after the oil crises. For some countries, today’s degree of diversification is the largest in their energy histories, but it is not the case for all of them. Our results suggest that small energy consuming countries would be able to achieve higher diversification, and therefore to do a faster transition to a low carbón economy, than large energy consumers. [--]
Materias
Energy mix,
Energy transitions,
Energy baskets,
Energy diversification,
Energy concentration index,
Europe
Editor
Universidad Autónoma de Madrid
Publicado en
Economic History, Working Paper Series, 01/2017
Departamento
Universidad Pública de Navarra. Departamento de Economía /
Nafarroako Unibertsitate Publikoa. Ekonomia Saila
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