Energy efficiency: economics and policy
Abstract
Abstract Energy efficiency and conservation are major factors in the reduction of the environmental impact of the energy sector, particularly with regard to climate change. Energy efficiency also contributes to reducing external dependence and vulnerabilities in the energy domain. In this paper, we discuss the factors that influence energy efficiency and conservation decisions, and the most appropriate policies for their promotion. Although not all public policies seem justified, we argue that specific policies for promoting energy conservation may be required, preferably based on economic instruments or on the provision of information to consumers.
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In the energy efficiency domain, suboptimal investments are explained by market failures mainly relating to information failures, split incentives and transaction costs, as well as by investors' bounded rationality.
“In the EE domain, suboptimal investments are also explained by market failures, which however mainly relate to information failures, split incentives (as with the 'landlord-tenant dilemma') and transaction costs, as well as by investors' bounded rationality (Linares and Labandeira, 2010).”
From The EU ETS and its companion policies: any insight for China's ETS? (2021) · cites this paper as Linares and Labandeira, 2010
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Cited by
Sorted by citations
The Role of Energy in Economic Growth
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Arvesen, A., Bright, R. M., & Hertwich, E. G. (2011) · Energy Policy · doi:10.1016/j.enpol.2011.09.013 · Cited by 67 · see citing works
The EU ETS and its companion policies: any insight for China's ETS?
Verde, S. F., Galdi, G., Alloisio, I., & Borghesi, S. (2021) · Environment and Development Economics · doi:10.1017/s1355770x20000595 · Cited by 39 · see citing works
“16 In the EE domain, suboptimal investments are also explained by market failures, which however mainly relate to information failures, split incentives (as with the ‘landlord-tenant dilemma’) and transaction costs, as well as by investors’ bounded rationality (Linares and Labandeira, 2010).”
Background
- Authors
- Linares, P., & Labandeira, X.
- Affiliations
- Universidad Pontificia Comillas (ES)
- Universidade de Vigo (ES)
- Venue
- Journal of Economic Surveys
- Publisher
- Wiley
- Published
- 2010-06-08
- Volume
- 24
- Issue
- 3
- Pages
- 573-592
- ISSN
- 0950-0804 (ISSN-L)
- 1467-6419
- OpenAlex
- W1976005473
- Cited by
- 230
- References
- 3
- Citations by year
- 2026: 5 · 2025: 12 · 2024: 10 · 2023: 20 · 2022: 18 · 2021: 15 · 2020: 14 · 2019: 9 · 2018: 11 · 2017: 15 · 2016: 15 · 2015: 24 · 2014: 19 · 2013: 16 · 2012: 12
- FWCI
- 6.15
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Economic Surveys (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Energy, Environment, and Transportation Policies
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Energy Efficiency and Management
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Keywords
- energy efficiency, energy conservation, energy policy, economic instruments, climate change mitigation, energy security, external dependence
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