Available estimations of climate change impacts on electricity demand typically do not include explicitly adaptation adjustments though changes in ownership of air-cooling appliances. In this study we provide a novel empirical method that elucidates the separate extensive- and intensive-margin contributions to, and joint amplifying effect on, peak and total electricity consumption in Europe and India. Furthermore, we evaluate the additional carbon emissions resulting from the growth in electricity demand for cooling simultaneously to the benefits of growing AC prevalence, namely the reduction in the number of people exposed to heat stress. We find that the benefit from the reduced exposure of population comes with a costs in terms of the increased challenge to reduce emissions: growing AC prevalence circa 2050 reduces the number of average daily exposed people from 1.25 billion to 640 million in India and from roughly 90 million to 60 million in Europe, while at the same time increases the annual additional CO2 emissions from 38 Mton CO2 to 160 Mton CO2 in India and from 7 Mton CO2 to 17 Mton CO2 in Europe.
HOW TO PARTICIPATE
July 21st, 2022 – h 14:00 CEST
Click on the following link for registration: https://bit.ly/3QG6SkD
Università Ca’Foscari Venezia
RFF CMCC European Institute on Economics and the Environment