Energy efficiency gap

Anshita Sachan and Ashis Kumar Pradhan

Chapter 38 in Elgar Encyclopedia of Energy Economics, 2025, pp 149-153 from Edward Elgar Publishing

Abstract: The “energy efficiency gap” refers to the disparity between the potential for energy efficiency improvements that are technically and economically feasible and the actual level achieved. This gap arises due to various market and non-market barriers, including informational deficiencies, market failures, behavioural biases, and financial constraints. Addressing this gap is essential for mitigating climate change, enhancing energy security, and achieving economic and social benefits. Effective strategies to bridge the gap include raising awareness, implementing targeted policies, providing financial incentives, and promoting technological innovations. Successful initiatives, like the Energy Star programme in the United States and Energy Performance Certificates in the European Union, demonstrate the potential for significant energy savings and environmental benefits when these strategies are employed.

Keywords: Energy Efficiency Gap; Sustainable Development; Market Barriers; Energy Conservation; Policy Interventions (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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