Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 157-165 |
| Number of pages | 9 |
| Journal | Energy Policy |
| Volume | 111 |
| Early online date | 26 Sep 2017 |
| DOIs | |
| Publication status | Published - 31 Dec 2017 |
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Keywords
- energy efficiency
- energy demand
- fuel poverty
- multiple benefits
- general equilibrium
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Making the case for supporting broad energy efficiency programmes : impacts on household incomes and other economic benefits. / Figus, Gioele; Turner, Karen; McGregor, Peter; Katris, Antonios.
In: Energy Policy, Vol. 111, 31.12.2017, p. 157-165.Research output: Contribution to journal › Article
TY - JOUR
T1 - Making the case for supporting broad energy efficiency programmes
T2 - impacts on household incomes and other economic benefits
AU - Figus, Gioele
AU - Turner, Karen
AU - McGregor, Peter
AU - Katris, Antonios
PY - 2017/12/31
Y1 - 2017/12/31
N2 - In recent years, an overly narrow focus on rebound effects has limited the extent of researcher and policy attention afforded to the wider multiple benefits of increased energy efficiency. Our objective is to focus policy attention on the sustained added value to the economy that is created by improving energy efficiency in the residential sector. Governments around the world are committed to increasing energy efficiency more generally, but often focus public support in low income households where energy poverty is a particular concern. However, governments operate in a context of multiple objectives where energy efficiency is expected to deliver significant reductions in carbon emissions alongside sustainable economic development. We use a UK CGE model to consider the general effects of supporting increases in energy efficiency in residential energy use. Our results demonstrate that the increase in GDP, and economic activity more generally, triggered by increased energy efficiency delivers more in terms of increased household incomes than the efficiency improvement itself. We find that the more wide ranging the boost to energy efficiency, the greater the economic expansion and associated returns are likely to be, and the less the means of financing through public budgets will erode the benefits over time.
AB - In recent years, an overly narrow focus on rebound effects has limited the extent of researcher and policy attention afforded to the wider multiple benefits of increased energy efficiency. Our objective is to focus policy attention on the sustained added value to the economy that is created by improving energy efficiency in the residential sector. Governments around the world are committed to increasing energy efficiency more generally, but often focus public support in low income households where energy poverty is a particular concern. However, governments operate in a context of multiple objectives where energy efficiency is expected to deliver significant reductions in carbon emissions alongside sustainable economic development. We use a UK CGE model to consider the general effects of supporting increases in energy efficiency in residential energy use. Our results demonstrate that the increase in GDP, and economic activity more generally, triggered by increased energy efficiency delivers more in terms of increased household incomes than the efficiency improvement itself. We find that the more wide ranging the boost to energy efficiency, the greater the economic expansion and associated returns are likely to be, and the less the means of financing through public budgets will erode the benefits over time.
KW - energy efficiency
KW - energy demand
KW - fuel poverty
KW - multiple benefits
KW - general equilibrium
UR - http://www.sciencedirect.com/science/article/pii/S0301421517305888
U2 - 10.1016/j.enpol.2017.09.028
DO - 10.1016/j.enpol.2017.09.028
M3 - Article
VL - 111
SP - 157
EP - 165
JO - Energy Policy
JF - Energy Policy
SN - 0301-4215
ER -