Abstract

http://ssrn.com/abstract=1805891
 


 



Encouraging Private Investment in Energy Efficiency


Sarah Schindler


University of Maine - School of Law

January 10, 2011

University of Connecticut School of Law, Center for Energy & Environmental Law Policy Paper, 2011

Abstract:     
Combating the negative effects of climate change requires finding ways to increase energy production while reducing energy demand. Many states have programs in place to encourage home and business owners to improve the energy efficiency of their buildings. Despite the clear financial and environmental benefits that result from energy efficiency upgrades, most people have not taken advantage of the programs being offered by their states. This paper begins by addressing the structure of federal and state energy efficiency programs, as well as the existing funding for those programs. It then describes key barriers that prevent energy efficiency programs from motivating more people to retrofit their homes and businesses. These barriers can be broken down into problems with the structure of the energy efficiency incentive programs, and problems that result from the behavior of energy consumers. The paper then provides solutions that states and localities can use to overcome some of these barriers. By implementing these solutions, cities and states should see increased participation in their energy efficiency programs. Hopefully, this will result in a greater number of building owners undertaking retrofits, thus decreasing energy demand. However, in order to achieve the deep energy savings necessary to truly combat the negative effects of climate change, it may also be necessary to impose mandates in addition to, or instead of, incentives.

Number of Pages in PDF File: 22

Keywords: climate change, energy efficiency, incentives, mandates, behavior, building, local government

JEL Classification: K11, K23, K32, Q48

Accepted Paper Series





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Date posted: April 11, 2011 ; Last revised: November 2, 2014

Suggested Citation

Schindler, Sarah, Encouraging Private Investment in Energy Efficiency (January 10, 2011). University of Connecticut School of Law, Center for Energy & Environmental Law Policy Paper, 2011 . Available at SSRN: http://ssrn.com/abstract=1805891 or http://dx.doi.org/10.2139/ssrn.1805891

Contact Information

Sarah Schindler (Contact Author)
University of Maine - School of Law ( email )
246 Deering Avenue
Portland, ME 04102
United States
207-780-4409 (Phone)
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