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Reflections--Energy Efficiency Literature for Those in the Policy Process

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  • Frank J. Convery

Abstract

It is important for policy makers to understand the extent to which the purported benefits of energy efficiency are real, and how they can be achieved. This "reflections" aims to help the policy community understand how the literature can assist them in assessing the opportunities, challenges, and choices they face as they consider how to develop and implement an energy efficiency policy agenda. The article examines what is meant by energy efficiency, how energy performance is generally evaluated, and why energy efficiency is generally presented as such a great opportunity. This is followed by discussions of the importance of understanding market failures and addressing the external benefits of energy efficiency, and the importance of understanding prices and price expectations. The article concludes with some guidelines for designing coherent and effective energy efficiency policies. Because the article is aimed particularly at assisting policymakers, much of the discussion, especially the lessons for policy, are directed to "you," the reader as policymaker. Copyright 2011, Oxford University Press.

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Bibliographic Info

Article provided by Association of Environmental and Resource Economists in its journal Review of Environmental Economics and Policy.

Volume (Year): 5 (2011)
Issue (Month): 1 (Winter)
Pages: 172-191

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Handle: RePEc:oup:renvpo:v:5:y:2011:i:1:p:172-191

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Cited by:
  1. Aalbers, R.F.T. & Vollebergh, H.R.J. & Groot, H.L.F. de, 2011. "Reducing Rents from Energy Technology Adoption Programs by Exploiting Observable Information," Discussion Paper 2011-109, Tilburg University, Center for Economic Research.
  2. Yearwood Travezan, Jessica & Harmsen, Robert & van Toledo, Gideon, 2013. "Policy analysis for energy efficiency in the built environment in Spain," Energy Policy, Elsevier, vol. 61(C), pages 317-326.
  3. Arjan Ruijs & Herman R.J. Vollebergh, 2013. "Lessons from 15 Years of Experience with the Dutch Tax Allowance for Energy Investments for Firms," OECD Environment Working Papers 55, OECD Publishing.
  4. Gillingham, Kenneth & Palmer, Karen, 2013. "Bridging the Energy Efficiency Gap: Policy Insights from Economic Theory and Empirical Evidence," Discussion Papers dp-13-02-rev, Resources For the Future.

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