Reflections-Energy Efficiency Policy: Pipe Dream or Pipeline to the Future?

Posted: 18 Aug 2009

See all articles by Tom Tietenberg

Tom Tietenberg

Colby College - Department of Economics

Date Written: Summer 2009

Abstract

In recent years, the amount of both private and public money dedicated to promoting energy efficiency has increased a great deal. Is this a good investment? This “Reflections” article examines the potential for further investment opportunities, the case for government intervention, and the evidence on the effectiveness of the various forms of intervention. The evidence suggests that the challenge of breaking down the barriers is more difficult than conventional wisdom would have us believe. Internalizing externalities and assuring an adequate flow of information is helpful, but not likely to be sufficient. The significant challenges posed by these barriers suggest that policy makers must recognize an expanded set of barriers and respond with some ingenuity in applying an expanded set of available instruments.

Keywords: Q48, Q38

Suggested Citation

Tietenberg, Tom, Reflections-Energy Efficiency Policy: Pipe Dream or Pipeline to the Future? (Summer 2009). Review of Environmental Economics and Policy, Vol. 3, Issue 2, pp. 304-320, 2009, Available at SSRN: https://ssrn.com/abstract=1456193 or http://dx.doi.org/rep004

Tom Tietenberg (Contact Author)

Colby College - Department of Economics ( email )

5242 Mayflower Hill Drive
Waterville, ME 04901
United States
207-660-6322 (Phone)

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