Energy prices and state efficiency policies drive most cross-state differences in U.S. energy use, explaining roughly 39% of variation through the demand frontier and inefficiency channels while GDP and climate explain only 10%.
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What Drives Energy Use? Prices, Efficiency Policies, and the Demand Frontier
Energy prices and state efficiency policies drive most cross-state differences in U.S. energy use, explaining roughly 39% of variation through the demand frontier and inefficiency channels while GDP and climate explain only 10%.