Energy Efficiency, Market Failures, and Government Policy

Energy Efficiency, Market Failures, and Government Policy

TitleEnergy Efficiency, Market Failures, and Government Policy
Publication TypeReport
Year of Publication1994
AuthorsMark D Levine, Eric Hirst, Jonathan G Koomey, James E McMahon, Alan H Sanstad
Pagination42
Date Published03/1994
Keywordselectricity markets and policy group, energy analysis and environmental impacts department
Abstract

This paper presents a framework for evaluating engineering-economic evidence on the diffusion of energy efficiency improvements. Four examples are evaluated within this framework. The analysis provides evidence of market failures related to energy efficiency. Specific market failures that may impede the adoption of cost-effective energy efficiency are discussed. Two programs that have had a major impact in overcoming these market failures, utility DSM programs and appliance standards, are described

LBNL Report Number

LBNL-35376