Energy Efficiency, Market Failures, and Government Policy

Publication Type

Report

Date Published

03/1994

LBNL Report Number

LBNL-35376

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

Year of Publication

1994

Pagination

42