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Policy Instruments to Foster Energy Efficiency

Author

Listed:
  • Anil Markandya

    () (Basque Centre for Climate Change (Bilbao, Spain))

  • Xavier Labandeira

    () (Economics for Energy and Universidade de Vigo)

  • Ana Ramos

    () (Economics for Energy and Universidade de Vigo)

Abstract

In this paper we focus on the reasons why progress in terms of realizing the energy efficiency potential has been so limited. To being with we consider why individuals and firms do not take advantage of the benefits of increased energy efficiency. Then we turn to the role of policy in moving agents closer to the optimal level. Governments have a range of instruments at their disposal for doing so and while some of them have been successful other have not. Lessons can be learnt from the experience in implementing these different measures. The paper finishes with some thoughts on how policies can be made more effective. Given its overarching nature the paper should be seen as an introduction to the rest of the book where many of the different instruments for energy efficiency are discussed in greater detail.

Suggested Citation

  • Anil Markandya & Xavier Labandeira & Ana Ramos, 2013. "Policy Instruments to Foster Energy Efficiency," Working Papers 01-2014, Economics for Energy.
  • Handle: RePEc:efe:wpaper:01-2014
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