The size of the economy-wide rebound effect is crucial for estimating the contribution that energy efficiency improvements can make to reducing energy use and greenhouse gas emissions. We provide the first empirical general equilibrium estimate of the economy-wide rebound effect. We use a...

Improving energy efficiency is often considered to be one of the keys to reducing greenhouse gas emissions. However, efficiency gains also reduce the cost of energy services and may even reduce the price of energy, resulting in energy use rebounding and potential energy use savings being eaten...

We model the role of the ocean in climate change, using the concept of multicointegration. Surface temperature and radiative forcing cointegrate and the accumulated cointegration disequilibria represent the change in Earth system heat content, which is predominantly stored in the ocean. System...