According to the IEA, the share of global energy-related CO_2 emissions due to transportationis 23%. Rising vehicle fuel economy per passenger will signicantly reduce the cost of driving andthe CO_2 emissions worldwide. However, the actual magnitude of the impact needs to be assessedby considering the "rebound effiect". When the energy system becomes more efficient, the realcost of unit energy service might fall. This may stimulate people to enjoy more energy services,thus increasing the demand for energy. This increase in the demand for energy corresponds to therebound effiect. The aim of this paper is to estimate the rebound effiect for private transportation byusing the 2008 National Transport and Travel Survey (NTTS) for France. A simultaneous equationsmodel will be estimated using three stage least squares (3SLS). The data set will allow us to accountfor unobserved household characteristics that otherwise would bias the estimates.Keywords: Rebound effi
展开▼