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Sustainability 2016, 8(10), 1039; doi:10.3390/su8101039

Measuring the Socioeconomic and Environmental Effects of Energy Efficiency Investments for a More Sustainable Spanish Economy

Departamento de Economía Financiera y Contabilidad, Universidad Rey Juan Carlos, Madrid 28032, Spain
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Academic Editors: Shane Fudge and Michael Peters
Received: 26 July 2016 / Revised: 30 September 2016 / Accepted: 6 October 2016 / Published: 18 October 2016
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Abstract

We present here an application of a multisector economic model to simulate the impact of investing in energy-efficiency-related sectors. Given the value chain of energy production shows several aspects to be improved, this paper intends to identify the economic sectors where investment should be allocated in order to reach the targeted energy efficiency levels in the overall economic system. We expect that an improvement in energy efficiency will bring a fall in electricity demand. Simulating these impacts will enable an assessment of the macroeconomic effects of such demand-side changes in Spain. For simulation purposes, we will use input–output methodology, based on data from a Spanish input–output table from the year 2012 that we have constructed. The scenario used for modeling has been obtained from the objectives proposed by the European Union for 2030, specifically the one promoting an increase to at least a 27% increase in energy efficiency compared with the business-as-usual scenario. This demand-side model enables us to measure the potential sector-by-sector growth of the Spanish economy and to calculate households’ expected savings in energy bills due to the implementation of energy efficiency measures. The impacts of employment and CO2 emissions are also quantified as a result of the investments aimed at improving energy efficiency. View Full-Text
Keywords: energy; energy efficiency; input–output analysis; CO2 emissions; Spain energy; energy efficiency; input–output analysis; CO2 emissions; Spain
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MDPI and ACS Style

Medina, A.; Cámara, Á.; Monrobel, J.-R. Measuring the Socioeconomic and Environmental Effects of Energy Efficiency Investments for a More Sustainable Spanish Economy. Sustainability 2016, 8, 1039.

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