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An Intertemporal Optimisation Model Of Households In An E3-Model (Economy/Energy/Environment) Framework

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Executive Summary

This paper deals with the total CO2 impact of households in a simple dynamic E3-model (economy/energy/environment), comprising a model block of private consumption and an input-output model. The consumption model describes the demand for different durables and nondurables, derived from intertemporal optimisation and has been estimated econometrically with Austrian time series data. Energy demand of households in addition to economic variables also depends on the energy-efficiency as well as the level of energy-using durables (electrical and non-electrical appliances, vehicles, video, audio, computer goods).

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