Costs and Overestimation of Energy Savings

There are typically costs of adoption that are not included in simple cost-effectiveness energy calculations. It is by no means costless to learn how a technological improvement fits into a home or firm or to learn about reliable suppliers. Even after basic information about a technology has been disseminated, the purchase price of a new product is only a lower bound on its adoption cost. (more…)

The Economics of Energy Efficiency

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Energy efficiency is defined here to mean energy services provided per unit of energy input (for example, gallons of water heated to a specified temperature per British thermal units of natural gas input). Within this framework, energy efficiency is conceived primarily at the disaggregated, product level, rather than at a more aggregated sectoral level. (more…)

Environment, Economy, Energy, and Sustainable Development

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The convention aims not only at stabilizing CO2 emissions in developed countries but also at ultimately reducing man-made CO2 emissions globally so as to stabilize the global climate. Environmental degradation cannot be singled out as an independent matter among various global issues. (more…)