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Energy services

Fouquet, Roger (2016) Energy services. In: Durlauf, Steven N. and Blume, Lawrence E., (eds.) The New Palgrave Dictionary of Economics. Palgrave Macmillan.

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Abstract

Energy consumers are driven by their demand for energy services (such as space and water heating, cooking, transportation, lighting, entertainment and computing). This piece introduces the reader to the concept of energy services, and explains why it is important to analyze energy markets and climate policies from the perspective of energy services. The paper discusses the theoretical foundations and empirical evidence, particularly related to the rebound effect and the demand in developing economies. The paper concludes that governments should encourage the collection of statistical information about energy services in order to help economists analyse markets and policies through this lens. Most importantly, governments should formulate more integrated policies that focus explicitly on energy services, connecting markets for energy and for energy-using equipment with the development of technologies. Careful and balanced energy service policies are especially important as economies industrialise because they can help reduce economic, political and environmental vulnerability.

Item Type: Book Section
Official URL: http://www.palgrave.com/
Additional Information: © 2016 Palgrave Macmillan
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q38 - Government Policy
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q58 - Government Policy
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Collections > Economists Online
Date Deposited: 18 Jul 2016 12:41
Last Modified: 20 Feb 2019 06:23
URI: http://eprints.lse.ac.uk/id/eprint/67155

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