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The economics of energy efficiency: barriers to profitable investments

Author

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  • Schleich, Joachim

    () (Fraunhofer Institute for Systems and Innovation Research, Karlsruhe, Germany)

Abstract

Improving energy efficiency is seen as a core strategy for a sustainable energy system, because it may contribute to cost savings for companies and private households, cost-effectively reduces greenhouse gas emissions and other pollutants, increases security of supply for required energy services. The thrust of engineering-economic analyses suggests that there is a large potential for energy efficiency measures that are also profitable, but - because of barriers to energy efficiency - are not being adopted. This paper presents a taxonomy of these barriers, distinguishing between barriers that would warrant policy intervention and those that do not. As a case study, barriers to energy efficiency in the German higher education sector and measures to overcome those barriers are discussed.

Suggested Citation

  • Schleich, Joachim, 2007. "The economics of energy efficiency: barriers to profitable investments," EIB Papers 10/2007, European Investment Bank, Economics Department.
  • Handle: RePEc:ris:eibpap:2007_010
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    Citations

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    Cited by:

    1. Legge, Thomas & Scott, Susan, 2009. "Policy Options to Reduce Ireland's GHG Emissions [Instrument choice: the pros and cons of alternative policy instruments]," Papers WP284, Economic and Social Research Institute (ESRI).
    2. Morgenroth, Edgar & FitzGerald, John & FitzGerald, John, 2006. "Summary and Conclusions," Book Chapters,in: Morgenroth, Edgar (ed.), Ex-Ante Evaluation of the Investment Priorities for the National Development Plan 2007-2013, chapter 24, pages 317-333 Economic and Social Research Institute (ESRI).
      • Baker, Terence J. & FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Summary and Conclusions," Book Chapters,in: Baker, Terence J. (ed.), Economic Implications for Ireland of EMU, chapter 12, pages 339-352 Economic and Social Research Institute (ESRI).
    3. Morgenroth, Edgar & FitzGerald, John & FitzGerald, John, 2006. "Productive Sector," Book Chapters,in: Morgenroth, Edgar (ed.), Ex-Ante Evaluation of the Investment Priorities for the National Development Plan 2007-2013, chapter 20, pages 257-277 Economic and Social Research Institute (ESRI).
    4. GarcĂ­a-Gusano, Diego & Espegren, Kari & Lind, Arne & Kirkengen, Martin, 2016. "The role of the discount rates in energy systems optimisation models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 56-72.
    5. FitzGerald, John & Keeney, Mary J. & McCarthy, Niamh & O'Malley, Eoin & Scott, Susan, 2005. "Aspects of Irish Energy Policy," Research Series, Economic and Social Research Institute (ESRI), number PRS57.
    6. Blass, Vered & Corbett, Charles J. & Delmas, Magali A. & Muthulingam, Suresh, 2014. "Top management and the adoption of energy efficiency practices: Evidence from small and medium-sized manufacturing firms in the US," Energy, Elsevier, vol. 65(C), pages 560-571.
    7. Julia Hertin & Frans Berkhout & Marcus Wagner & Daniel Tyteca, 2004. "Are 'soft' policy instruments effective? The link between environmental management systems and the environmental performance of companies," SPRU Working Paper Series 124, SPRU - Science and Technology Policy Research, University of Sussex.

    More about this item

    Keywords

    Energy efficiency; barriers; energy policy;

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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