Macroeconomic Effects of EU Energy Efficiency Regulations on Household Dishwashers, Washing Machines and Washer Dryers

Testing the relationship between economic performance and energy consumption is of utmost importance in nearly all countries. Taking the European Union as scope, this paper analyses the impacts of energy efficiency legislation on a selection of household appliances. In particular, it analyses the em...

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Bibliographic Details
Published in:Energies (Basel) 2019-11, Vol.12 (22), p.4312
Main Authors: Rocchi, Paola, Rueda-Cantuche, José Manuel, Boyano, Alicia, Villanueva, Alejandro
Format: Article
Language:English
Subjects:
Beverages
Climate change
Driers
Elasticity
Electric appliances
Electricity pricing
Emissions
Energy efficiency
Household appliances
Maintenance
Washers & dryers
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Summary:Testing the relationship between economic performance and energy consumption is of utmost importance in nearly all countries. Taking the European Union as scope, this paper analyses the impacts of energy efficiency legislation on a selection of household appliances. In particular, it analyses the employment and value added impacts of the stricter energy efficiency requirements for dishwashers, washing machines, and washer dryers. To do so, this paper combines a bottom-up stock model with a macro-econometric dynamic general equilibrium model (FIDELIO) to quantify the direct and indirect value added and employment impacts in the European Union. The analysis shows that stricter energy efficiency requirements on household dishwashers, washing machines, and washer dryers have a net negative macroeconomic impact on value added (roughly 0.01 % of the total European Union value added) and a slightly net positive impact on employment. In fact, the regulations cause a shift in the composition of the household consumption basket that seems to favor labor-intensive industries.
ISSN:1996-1073
1996-1073
DOI:10.3390/en12224312