Evaluation of energy efficiency measures in Argentina: An input-output approach

Argentina is committed to reaching the absolute goal of 349 MtCO2eq in 2030. In this context and with a view to economic recovery, could energy efficiency and fossil fuel substitution measures be socially inclusive and environmentally sustainable? This paper aims to quantify the impact on production...

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Autores principales: Harari, Matias, Ramos, María Priscila, Romero, Carlos
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET) 2022
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Acceso en línea:https://ojs.economicas.uba.ar/DT-IIEP/article/view/2638
https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2638_oai
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Sumario:Argentina is committed to reaching the absolute goal of 349 MtCO2eq in 2030. In this context and with a view to economic recovery, could energy efficiency and fossil fuel substitution measures be socially inclusive and environmentally sustainable? This paper aims to quantify the impact on production, employment and greenhouse gas (GHG) emissions of five specific energy efficiency policies and/or goals: the installation of 1000 MW (by 2030) of power generation distributed from renewable sources (photovoltaic panels); the acceleration of the goals of replacing lighting parks with LED lamps (100% residential LED in 2025 and 74% LED in public lighting by 2029) and the replacement of household appliances (3 million refrigerators and 1.5 million inefficient washing machines for class A energy efficiency equipment). For this, a calibrated input-output model has been developed for Argentina in 2017 (38 sectors), breaking down the simulation scenarios into three stages: (i) investment in infrastructure or the expense necessary to implement the measure, (ii) the improvement of energy efficiency or the substitution of fossil energy and, finally, (iii) the rebound effect in the economy due to a potential drop in the cost of the energy bill and a boost in the demand for other goods and services. The results show the scope of a triple dividend (socioeconomic and environmental) of the entire package of measures and at the aggregate level, reducing emissions by 5.27 MtCO2eq (11.56% of the reductions necessary to reach the 2030 goal), creating 34,800 new jobs and increasing the value of production by 0.24% compared to a business- as-usual scenario. However, the sectoral impacts suggest the need for compensatory measures for the most affected (generation and distribution of energy of fossil origin).