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Addressing Market Barriers to Energy Efficiency in Buildings: Working Paper 2012-10

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  • David Austin

Abstract

A large share of total U.S. energy consumption—40 percent—occurs in homes and buildings. Homes and buildings are less energy efficient than they would be if people could assess the value of energy savings more easily and correctly, and if energy prices provided them with stronger incentives to do so. This paper identifies three reasons why people undervalue energy savings: misperceived energy prices, imperfect information about energy efficiency, and biased reasoning about energy savings. The paper then examines four types of policy options for addressing those underlying

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  • David Austin, 2012. "Addressing Market Barriers to Energy Efficiency in Buildings: Working Paper 2012-10," Working Papers 43476, Congressional Budget Office.
  • Handle: RePEc:cbo:wpaper:43476
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    File URL: https://www.cbo.gov/sites/default/files/workingpaper/AddressingMarketBarriersToEnergyEfficiencyInBuildings_WorkingPaper_2012-10_0.pdf
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    Cited by:

    1. Amir Mortazavigazar & Nourehan Wahba & Paul Newsham & Maharti Triharta & Pufan Zheng & Tracy Chen & Behzad Rismanchi, 2021. "Application of Artificial Neural Networks for Virtual Energy Assessment," Energies, MDPI, vol. 14(24), pages 1-18, December.

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