Retrospective Examination of Demand-Side Energy Efficiency Policies
Kenneth Gillingham (),
Richard Newell () and
Karen L. Palmer
No 10477, Discussion Papers from Resources for the Future
Energy efficiency policies are a primary avenue for reducing carbon emissions, with potential additional benefits from improved air quality and energy security. We review literature on a broad range of existing non-transportation energy efficiency policies covering appliance standards, financial incentives, information and voluntary programs, and government energy use (building and professional codes are not included). Estimates indicate these programs are likely to have collectively saved up to 4 quads of energy annually, with appliance standards and utility demand-side management likely making up at least half these savings. Energy Star, Climate Challenge, and 1605b voluntary emissions reductions may also contribute significantly to aggregate energy savings, but how much of these savings would have occurred absent these programs is less clear. Although even more uncertain, reductions in CO2, NOX, SO2, and PM-10 associated with energy savings may contribute about 10% more to the value of energy savings.
Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
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Working Paper: Retrospective Examination of Demand-side Energy-efficiency Policies (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:rffdps:10477
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