Bottom-Up Analysis of Energy Consumption and Carbon Emissions, with Particular Emphasis on Human Capital InvestmentReport as inadecuate




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Short-term and mid-term projections ofenergy consumption and carbon emissions raise significant concern about theavailability of the necessary energy resources to meet the growing demand andabout the impact of emissions on global change. Different macroeconomic modelsaddress this issue through global variables, such as gross domestic product,production of goods and services, total population and natural resourcesextraction. However, the relations among these variables are neither linear nor simple. In an attempt to basesaid relations on a -bottom-up- perspective, the individual behavior ofrepresentative agents of economy, in terms of energy consumption and relatedcarbon emissions, was studied, with particular emphasis on their investment inhuman capital. It was found that a higher investment in human capital e.g.,education, research was translated into a better distribution of consumption,with a higher level of energy efficiency and a slight improvement in carbonemissions intensity.

KEYWORDS

Carbon Emissions; Carbonization Index; Economic Growth; Energy Intensity Factor; Human Capital Investment

Cite this paper

P. Castesana and S. Puliafito -Bottom-Up Analysis of Energy Consumption and Carbon Emissions, with Particular Emphasis on Human Capital Investment,- Low Carbon Economy, Vol. 4 No. 4A, 2013, pp. 1-13. doi: 10.4236-lce.2013.44A001.





Author: Paula Castesana, Salvador Enrique Puliafito

Source: http://www.scirp.org/



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