Policy modeling for energy efficiency Improvement in US industry
We are at the beginning of a process of evaluating and modeling the contribution of policies to improve energy efficiency. Three recent policy studies trying to assess the impact of energy efficiency policies in the United States are reviewed. The studies represent an important step in the analysis of climate change mitigation strategies. All studies model the estimated policy impact, rather than the policy itself. Often the policy impacts are based on assumptions, as the effects of a policy are not certain. Most models only incorporate economic (or price) tools, which recent studies have proven to be insufficient to estimate the impacts, costs and benefits of mitigation strategies. The reviewed studies are a first effort to capture the effects of non-price policies. The studies contribute to a better understanding of the role of policies in improving energy efficiency and mitigating climate change. All policy scenarios results in substantial energy savings compared to the baseline scenario used, as well as substantial net benefits to the U.S. economy.
Annual Reviews of Energy and the Environment
Year of Publication