Comparing and Combining Energy Saving Policies: Will Proposed Residential Sector Policies Meet French Official Targets?
This paper assesses the impact of French policies for residential space-heating energy consumption, both enacted (tax credits for the purchase of energy efficient durables, soft loans for retrofitting actions, stringent building codes) and anticipated (carbon tax, retrofitting obligation). It uses a hybrid energy-economy model incorporating specific features of energy conservation, notably the rebound effect and some "barriers" to energy efficiency such as split incentives and imperfect information. Forward-looking simulations show that (i) stand-alone policies improve the energy efficiency of the building stock but, with the exception of carbon tax, generate a rebound effect ; (ii) interactions among instruments are roughly additive ; (iii) a combination of all policies fails to meet Government conservation targets.
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Volume (Year): Volume 32 (2011)
Issue (Month): Special Issue ()
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- Sue Wing, Ian, 2006. "Representing induced technological change in models for climate policy analysis," Energy Economics, Elsevier, vol. 28(5-6), pages 539-562, November.