Climate Change, Buildings and Energy Prices
Buildings are crucial to control present and future energy demand and, therefore, greenhouse gas concentrations in the atmosphere. In this chapter we suggest that, due to a number of general and specific barriers to the implementation of energy efficiency in buildings, energy prices and conventional energy and environmental policy instruments may not achieve the desired outcomes. Instead, we suggest a novel package of complementary measures that can simultaneously tackle the problems of imperfect information, split incentives among agents, uncertainty about cost and limited access to capital. The proposed policy package is defined around energy certification of buildings, uses flexible building codes, smart metering and employs a new tax on energy inefficiency to foster continuous incentives towards energy efficiency improvements and to provide revenues for an energy efficiency fund that provides capital to firms and poor households.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Franz Fuerst & Patrick McAllister, 2011. "Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 39(1), pages 45-69, 03.
- Gillingham, Kenneth & Newell, Richard G. & Palmer, Karen, 2009.
"Energy Efficiency Economics and Policy,"
dp-09-13, Resources For the Future.
- Piet Eichholtz & Nils Kok & John M. Quigley, 2010.
"Doing Well by Doing Good? Green Office Buildings,"
American Economic Review,
American Economic Association, vol. 100(5), pages 2492-2509, December.
- Eichholtz, Piet & Kok, Nils & Quigley, John M., 2009. "Doing Well by Doing Good? Green Office Buildings," Berkeley Program on Housing and Urban Policy, Working Paper Series qt507394s4, Berkeley Program on Housing and Urban Policy.
- Xavier Labandeira & Pedro Linares, 2010. "Second-best instruments for energy and climate policy," Working Papers 06-2010, Economics for Energy.
- Laquatra, Joseph, 1986. "Housing market capitalization of thermal integrity," Energy Economics, Elsevier, vol. 8(3), pages 134-138, July.
- Xavier Labandeira Villot & Pedro Linares, 2009.
"Energy Efficiency: Economics and Policy,"
- Palmer, Karen & Walls, Margaret & Gordon, Hal & Gerarden, Todd, 2011. "Assessing the Energy-Efficiency Information Gap: Results from a Survey of Home Energy Auditors," Discussion Papers dp-11-42, Resources For the Future.
- Nils Kok & Marquise McGraw & John M. Quigley, 2011. "The Diffusion of Energy Efficiency in Building," American Economic Review, American Economic Association, vol. 101(3), pages 77-82, May.
- Mundaca, Luis & Neij, Lena, 2009. "A multi-criteria evaluation framework for tradable white certificate schemes," Energy Policy, Elsevier, vol. 37(11), pages 4557-4573, November.
- Iwaro, Joseph & Mwasha, Abraham, 2010. "A review of building energy regulation and policy for energy conservation in developing countries," Energy Policy, Elsevier, vol. 38(12), pages 7744-7755, December.
- Brounen, Dirk & Kok, Nils, 2011. "On the economics of energy labels in the housing market," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 166-179, September.
- Nair, Gireesh & Gustavsson, Leif & Mahapatra, Krushna, 2010. "Owners perception on the adoption of building envelope energy efficiency measures in Swedish detached houses," Applied Energy, Elsevier, vol. 87(7), pages 2411-2419, July.
- Silvia Banfi & Mehdi Farsi & Massimo Filippini & Martin Jakob, 2005.
"Willingness to Pay for Energy-Saving Measures in Residential Buildings,"
CEPE Working paper series
05-41, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Banfi, Silvia & Farsi, Mehdi & Filippini, Massimo & Jakob, Martin, 2008. "Willingness to pay for energy-saving measures in residential buildings," Energy Economics, Elsevier, vol. 30(2), pages 503-516, March.
- Warwick J. McKibbin, Adele C. Morris, and Peter J. Wilcoxen, 2011. "Subsidizing Household Capital: How Does Energy Efficiency Policy Compare to a Carbon Tax?," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
- Anin Aroonruengsawat, Maximilian Auffhammer, and Alan H. Sanstad, 2012. "The Impact of State Level Building Codes on Residential Electricity Consumption," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
- Kwak, So-Yoon & Yoo, Seung-Hoon & Kwak, Seung-Jun, 2010. "Valuing energy-saving measures in residential buildings: A choice experiment study," Energy Policy, Elsevier, vol. 38(1), pages 673-677, January.
- Gilmer, Robert W., 1989. "Energy labels and economic search : An example from the residential real estate market," Energy Economics, Elsevier, vol. 11(3), pages 213-218, July.
- Bertoldi, Paolo & Rezessy, Silvia & Lees, Eoin & Baudry, Paul & Jeandel, Alexandre & Labanca, Nicola, 2010. "Energy supplier obligations and white certificate schemes: Comparative analysis of experiences in the European Union," Energy Policy, Elsevier, vol. 38(3), pages 1455-1469, March.
- Brounen, Dirk & Kok, Nils & Quigley, John M., 2012. "Residential energy use and conservation: Economics and demographics," European Economic Review, Elsevier, vol. 56(5), pages 931-945.
When requesting a correction, please mention this item's handle: RePEc:efe:wpaper:fa04-2012. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pablo Pintos)
If references are entirely missing, you can add them using this form.