The economics of energy efficiency: barriers to profitable investments
AbstractImproving 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.
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Bibliographic InfoPaper provided by European Investment Bank, Economics Department in its series EIB Papers with number 10/2007.
Length: 28 pages
Date of creation: 25 Jun 2007
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Energy efficiency; barriers; energy policy;
Find related papers by JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
- Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
- NEP-CFN-2009-06-17 (Corporate Finance)
- NEP-ENE-2009-06-17 (Energy Economics)
- NEP-ENV-2009-06-17 (Environmental Economics)
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