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  • Energy markets, capital inertia and economic instrument impacts.

    Author(s) : Bailey, I.Ditty, C.

    Author Affiliation : School of Geography, University of Plymouth, Drake Circus, Plymouth PL4 8AA, UK.

    Author Email : ibailey@plymouth.ac.uk

    Journal article : Climate Policy 2009 Vol.9 No.1 pp.22-39 ref.many

    Abstract : Despite the importance of emissionsemissionsSubject Category: Miscellaneous
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    trading and energy taxes to the EU and national climateclimateSubject Category: Climate Related
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    strategies, limited researchresearchSubject Category: Disciplines, Occupations and Industries
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    exists on their impact on emissions from the perspective of industry sectors targeted by economic instrumentsinstrumentsSubject Category: Techniques, Methodologies and Equipment
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    . This article contributes to redressing this deficit by critically analysing whether economic instruments applied within the UKukSubject Category: Geographic Entities
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    provide sufficiently strong price incentives to overcome barriersbarriersSubject Category: Techniques, Methodologies and Equipment
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    to investment in energy-intensive sectors created by the capital and financefinanceSubject Category: Disciplines, Occupations and Industries
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    costscostsSubject Category: Properties
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    of replacing 'legacy' infrastructure and fluctuating base energy pricespricesSubject Category: Properties
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    . Results from a survey of 189 companies from the cement, aluminiumaluminiumSubject Category: Chemicals and Chemical Groups
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    aluminiumSubject Category: Chemicals and Chemical Groups
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    and chemicals sectors and 23 interviews with sector associations and businesses from these and other energy-intensive industries indicate that economic instruments have raised awareness of energy efficiency but have had a minimal impact on investment decisions. EU-wide economic instruments such as the EU emissions trading scheme have yet to be fully tested but may encounter similar difficulties. On this basis, we argue that economic instruments may need to be complemented by more interventionist programmes focusing on large-scale investment in energy modernizationmodernizationSubject Category: Miscellaneous
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    and we also discuss how economic instruments can contribute to this agenda.

    ISSN : 1469-3062

    DOI : 10.3763/cpol.2008.0454

    Record Number : 20093102349

    Publisher : Earthscan

    Location of publication : London

    Country of publication : UK

    Language of text : English

    Language of summary : French

    Indexing terms for this abstract:

    Descriptor(s) : aluminiumaluminiumSubject Category: Chemicals and Chemical Groups
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    , barriersbarriersSubject Category: Techniques, Methodologies and Equipment
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    , climateclimateSubject Category: Climate Related
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    , costscostsSubject Category: Properties
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    , emissionsemissionsSubject Category: Miscellaneous
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    , financefinanceSubject Category: Disciplines, Occupations and Industries
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    , instrumentsinstrumentsSubject Category: Techniques, Methodologies and Equipment
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    , marketsmarketsSubject Category: Disciplines, Occupations and Industries
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    , modernizationmodernizationSubject Category: Miscellaneous
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    , pricespricesSubject Category: Properties
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    , researchresearchSubject Category: Disciplines, Occupations and Industries
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    Identifier(s) : aluminumaluminumSubject Category: Chemicals and Chemical Groups
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    , Britain, costings, studies, United Kingdom

    Geographical Location(s) : UKukSubject Category: Geographic Entities
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    Broader term(s) : British Islesbritish islesSubject Category: Geographic Entities
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    , Western Europewestern europeSubject Category: Geographic Entities
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    , EuropeeuropeSubject Category: Geographic Entities
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    , Commonwealth of Nationscommonwealth of nationsSubject Category: Institutions and Organisations
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    , Developed Countriesdeveloped countriesSubject Category: Miscellaneous
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    , European Union Countrieseuropean union countriesSubject Category: Institutions and Organisations
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    , OECD Countriesoecd countriesSubject Category: Institutions and Organisations
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