| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21331 |
| 来源ID | Working Paper 21331 |
| Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program | |
| Meredith Fowlie; Michael Greenstone; Catherine Wolfram | |
| 发表日期 | 2015-07-13 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Conventional wisdom suggests that energy efficiency (EE) policies are beneficial because they induce investments that pay for themselves and lead to emissions reductions. However, this belief is primarily based on projections from engineering models. This paper reports on the results of an experimental evaluation of the nation’s largest residential EE program conducted on a sample of more than 30,000 households. The findings suggest that the upfront investment costs are about twice the actual energy savings. Further, the model-projected savings are roughly 2.5 times the actual savings. While this might be attributed to the “rebound” effect – when demand for energy end uses increases as a result of greater efficiency – the paper fails to find evidence of significantly higher indoor temperatures at weatherized homes. Even when accounting for the broader societal benefits of energy efficiency investments, the costs still substantially outweigh the benefits; the average rate of return is approximately -9.5% annually. |
| 主题 | Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w21331 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579004 |
| 推荐引用方式 GB/T 7714 | Meredith Fowlie,Michael Greenstone,Catherine Wolfram. Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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