000202116 001__ 202116 000202116 005__ 20250221175611.0 000202116 0247_ $$2doi$$a10.22004/ag.econ.202116 000202116 037__ $$a824-2016-54864 000202116 041__ $$aeng 000202116 084__ $$aQ4 000202116 084__ $$aQ48 000202116 084__ $$aQ5 000202116 084__ $$aQ55 000202116 245__ $$aAn Assessment of the Energy-Efficiency Gap and Its Implications for Climate Change Policy 000202116 260__ $$c2015-04-20 000202116 269__ $$a2015-04-20 000202116 270__ $$mrobert_stavins@hks.harvard.edu$$pStowe, Robert C. 000202116 300__ $$a35 000202116 336__ $$aWorking or Discussion Paper 000202116 490__ $$aCCSD 000202116 490__ $$a028.2015 000202116 520__ $$aImproving end-use energy efficiency—that is, the energy-efficiency of individuals, households, and firms as they consume energy—is often cited as an important element in efforts to reduce greenhouse-gas (GHG) emissions. Arguments for improving energy efficiency usually rely on the idea that energy-efficient technologies will save end users money over time and thereby provide low-cost or no-cost options for reducing GHG emissions. However, some research suggests that energy-efficient technologies appear not to be adopted by consumers and businesses to the degree that would seem justified, even on a purely financial basis. We review in this paper the evidence for a range of explanations for this apparent “energy-efficiency gap.” We find most explanations are grounded in sound economic theory, but the strength of empirical support for these explanations varies widely. Retrospective program evaluations suggest the cost of GHG abatement varies considerably across different energy-efficiency investments and can diverge substantially from the predictions of prospective models. Findings from research on the energy-efficiency gap could help policy makers generate social and private benefits from accelerating the diffusion of energy-efficient technologies—including reduction of GHG emissions. 000202116 546__ $$aEnglish 000202116 650__ $$aEnvironmental Economics and Policy 000202116 650__ $$aResource/Energy Economics and Policy 000202116 6531_ $$aEnergy Efficiency 000202116 6531_ $$aClimate Change Policy 000202116 700__ $$aGerarden, Todd D. 000202116 700__ $$aNewell, Richard G. 000202116 700__ $$aStavins, Robert N. 000202116 700__ $$aStowe, Robert C. 000202116 8564_ $$9ab1cfe99-54c5-49da-bc0e-2c38fc1bf40a$$s1250937$$uhttps://ageconsearch.umn.edu/record/202116/files/NDL2015-028.pdf 000202116 887__ $$ahttp://purl.umn.edu/202116 000202116 909CO $$ooai:ageconsearch.umn.edu:202116$$pGLOBAL_SET 000202116 912__ $$nSubmitted by Andrea Portaluppi (andrea.portaluppi@feem.it) on 2015-04-20T14:37:54Z No. of bitstreams: 1 NDL2015-028.pdf: 1250937 bytes, checksum: 005533fe4075269ec78baec0f023ee47 (MD5) 000202116 912__ $$nMade available in DSpace on 2015-04-20T14:37:54Z (GMT). No. of bitstreams: 1 NDL2015-028.pdf: 1250937 bytes, checksum: 005533fe4075269ec78baec0f023ee47 (MD5) Previous issue date: 2015-04-20 000202116 913__ $$aLicense granted by Andrea Portaluppi (andrea.portaluppi@feem.it) on 2015-04-20T14:34:47Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000202116 980__ $$a824 000202116 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Climate Change and Sustainable Development