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The economics of energy efficiency: barriers to profitable investments

Joachim Schleich

No 10/2007, EIB Papers from European Investment Bank, Economics Department

Abstract: Improving energy efficiency is seen as a core strategy for a sustainable energy system, because it may contribute to cost savings for companies and private households, cost-effectively reduces greenhouse gas emissions and other pollutants, increases security of supply for required energy services. The thrust of engineering-economic analyses suggests that there is a large potential for energy efficiency measures that are also profitable, but - because of barriers to energy efficiency - are not being adopted. This paper presents a taxonomy of these barriers, distinguishing between barriers that would warrant policy intervention and those that do not. As a case study, barriers to energy efficiency in the German higher education sector and measures to overcome those barriers are discussed.

Keywords: Energy efficiency; barriers; energy policy (search for similar items in EconPapers)
JEL-codes: G31 Q40 Q49 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2007-06-25
New Economics Papers: this item is included in nep-cfn, nep-ene and nep-env
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2007_010

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