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Economic Indicators of Market Transformation: Energy Efficient Lighting and EPA's Green Lights

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  • Marvin J. Horowitz

Abstract

Using observed market quantities and prices of substitutable products, a methodology is developed to estimate economic indicators of market transformation for the energy efficient lighting market. Market transformation, an energy industry term referring to the ongoing development of self-sustaining markets for energy efficient products and services, is the goal of an increasing number of publicly-funded programs. Chief among these is the U. S. EPA's Green Lights and its successor ENERGY STAR. Using four decades of data related to fluorescent lighting ballasts, this study isolates product price effects and thereby permits the impacts of public programs to be distinguished from the typical workings of the market. The economic indicators are further used for deriving market volume estimates that are converted to energy savings and climate protection impacts. The findings reveal that Green Lights is responsible for annual savings in 2000 of over 5.6 million metric tons of carbon.

Suggested Citation

  • Marvin J. Horowitz, 2001. "Economic Indicators of Market Transformation: Energy Efficient Lighting and EPA's Green Lights," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 95-122.
    • Handle: RePEc:aen:journl:2001v22-04-a05
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    Cited by:

    1. Frondel, Manuel & Schmidt, Christoph M., 2005. "Evaluating environmental programs: The perspective of modern evaluation research," Ecological Economics, Elsevier, vol. 55(4), pages 515-526, December.
    2. Ward, David O. & Clark, Christopher D. & Jensen, Kimberly L. & Yen, Steven T. & Russell, Clifford S., 2011. "Factors influencing willingness-to-pay for the ENERGY STAR® label," Energy Policy, Elsevier, vol. 39(3), pages 1450-1458, March.
    3. Keith Brouhle & Charles Griffiths & Ann Wolverton, 2004. "The Use of Voluntary Approaches for Environmental Policymaking in the U.S," NCEE Working Paper Series 200405, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised May 2004.
    4. Isamu Matsukawa, 2005. "The Benefits of Information on the Efficient Usage of Consumer Durables," Others 0501005, University Library of Munich, Germany.
    5. Sanchez, Marla C. & Brown, Richard E. & Webber, Carrie & Homan, Gregory K., 2008. "Savings estimates for the United States Environmental Protection Agency's ENERGY STAR voluntary product labeling program," Energy Policy, Elsevier, vol. 36(6), pages 2098-2108, June.
    6. Sébastien Houde, 2022. "Bunching with the Stars: How Firms Respond to Environmental Certification," Management Science, INFORMS, vol. 68(8), pages 5569-5590, August.
    7. Pizer, William A. & Morgenstern, Richard & Shih, Jhih-Shyang, 2010. "Evaluating Voluntary Climate Programs in the United States," RFF Working Paper Series dp-08-13-rev, Resources for the Future.
    8. Pizer, William A. & Morgenstern, Richard & Shih, Jhih-Shyang, 2011. "The performance of industrial sector voluntary climate programs: Climate Wise and 1605(b)," Energy Policy, Elsevier, vol. 39(12), pages 7907-7916.

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    JEL classification:

    • F0 - International Economics - - General

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