A harmonized calculation model for transforming EU bottom-up energy efficiency indicators into empirical estimates of policy impacts

Marvin J. Horowitz and Paolo Bertoldi

Energy Economics, 2015, vol. 51, issue C, 135-148

Abstract: This study is an impact analysis of European Union (EU) energy efficiency policy that employs both top-down energy consumption data and bottom-up energy efficiency statistics or indicators. As such, it may be considered a contribution to the effort called for in the EU's 2006 Energy Services Directive (ESD) to develop a harmonized calculation model. Although this study does not estimate the realized savings from individual policy measures, it does provide estimates of realized energy savings for energy efficiency policy measures in aggregate. Using fixed effects panel models, the annual cumulative savings in 2011 of combined household and manufacturing sector electricity and natural gas usage attributed to EU energy efficiency policies since 2000 is estimated to be 1136PJ; the savings attributed to energy efficiency policies since 2006 is estimated to be 807PJ, or the equivalent of 5.6% of 2011 EU energy consumption. As well as its contribution to energy efficiency policy analysis, this study adds to the development of methods that can improve the quality of information provided by standardized energy efficiency and sustainable resource indexes.

Keywords: Policy analysis; Energy efficiency; Energy savings; Harmonized calculation model; Energy Services Directive; Bottom-up indicators; Top-down models (search for similar items in EconPapers)
JEL-codes: C43 C54 Q42 Q48 Q49 Q58 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:51:y:2015:i:c:p:135-148

DOI: 10.1016/j.eneco.2015.05.020

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