Energy efficiency and conservation are major elements for the improvement of the environmental impact of the energy sector, particularly regarding climate change. Energy efficiency also contributes to reducing external dependence and vulnerabilities in the energy domain. In this paper we discuss the factors that influence energy efficiency and conservation decisions, and the most appropriate policies for their promotion. Although not all public policies seem justified, we argue that specific policies for promoting energy conservation may be required, preferably based on economic instruments or on the provision of information to consumers.
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Paper provided by FEDEA in its series Economic Reports with number
06-09.