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Social Benefits of Financial Investment Support in Energy Conservation Policy

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  • Torleif Haugland

Abstract

This paper examines the costs and benefits of a Norwegian energy conservation program that provided financial support for investments in energy efficiency. Participants in the program included industry, commerce, public services and households. Evaluation of the program shows that about 70% of the participants were "free riders' who would have invested in efficiency improvements even in the absence of the program. The economic efficiency was further reduced by economic distortions caused by taxes needed to finance the program. However, the energy savings did give environmental benefits through reduced atmospheric emissions, although this effect was somewhat diluted through a "conservation rebound," where the actual reduction in energy consumption was less than the theoretical savings. The energy conservation program is also highly sensitive to assumptions about the economic lifetime of the investments.

Suggested Citation

  • Torleif Haugland, 1996. "Social Benefits of Financial Investment Support in Energy Conservation Policy," The Energy Journal, , vol. 17(2), pages 79-102, April.
    • Handle: RePEc:sae:enejou:v:17:y:1996:i:2:p:79-102
    DOI: 10.5547/ISSN0195-6574-EJ-Vol17-No2-5
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    1. repec:aen:journl:1992v13-04-a03 is not listed on IDEAS
    2. repec:aen:journl:1994v15-02-a09 is not listed on IDEAS
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    Cited by:

    1. Nicolas E. Neef & Lars E. Egner & Christian A. Klöckner, 2026. "Subsidy free-riding is positively correlated to the development of energy efficiency in the housing stock," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 28(3), pages 7701-7717, March.

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