Work

Global energy efficiency transition tendencies: Development phenomenon or not?

Year: 2024

Type: article

Abstract: I assessed energy efficiency performance and investigated transition tendencies for economies at different development levels. I found that energy efficiency performance is tied to the level of economic development , with developed economies exhibiting higher performance than developing economies. Furthermore, developed economies are more likely than developing countries to transition out of a low energy-efficient (LEE) state. Consequently, achieving higher energy efficiency (HEE) status is expected to be highly sustainable in the short-, medium-, and long-term for developed countries. However, for similar achievements, I found moderate sustainability in the medium-to long-term for upper-middle-income countries and higher unsustainability in the medium-to long-term for lower-middle-income countries. Addressing the gap in the global energy efficiency system requires a ‘big push’ investment in energy efficiency, particularly in developing countries, in addition to implementing a broad policy overhaul aimed at eliminating or reducing market barriers and inefficiencies in energy efficiency.

Source: Energy Strategy Reviews

DOI: 10.1016/j.esr.2024.101524

Author: Philip Kofi Adom

Institution: University of the Witwatersrand

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure, Climate action, Reduced inequalities, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $3,260