Index Decomposition Analysis for Tracking Energy Efficiency Trends

Authored by: Peng Zhou , Beng Wah Ang

The Routledge Handbook of Environmental Economics in Asia

Print publication date:  March  2015
Online publication date:  February  2015

Print ISBN: 9780415656450
eBook ISBN: 9781315746289
Adobe ISBN: 9781317597872

10.4324/9781315746289.ch4

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Abstract

Energy efficiency is now an important public policy consideration in most countries in the face of rising world energy prices, increased volatility in global energy supply, and climate change. It is widely considered to be the most practical and cost-effective way to address the issues of “energy trilemma,” i.e. energy security, economic competitiveness, and environmental sustainability. In many countries, including those in Asia, a wide range of measures have been or are being taken to improve energy efficiency across all major energy-consuming sectors in the economy. Naturally, in policy evaluation and performance assessment, the outcomes of these measures preferably should be studied and evaluated in a credible and transparent manner, such as to ascertain whether the intended targets are met. This can be achieved through the design and implementation of a robust accounting system to track and report energy efficiency trends on a regular basis.

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