Back to OurEnergyLibrary search

Addressing Market Barriers to Energy Efficiency in Buildings

Addressing Market Barriers to Energy Efficiency in Buildings

Full Title:  Addressing Market Barriers to Energy Efficiency in Buildings
Author(s):  David Austin
Publisher(s):  Congressional Budget Office
Publication Date: June 1, 2012
Full Text: Download Resource
Description (excerpt):

A large share of total U.S. energy consumption—40 percent—occurs in homes and buildings. Homes and buildings are less energy efficient than they would be if people could assess the value of energy savings more easily and correctly, and if energy prices provided them with stronger incentives to do so. This paper identifies three reasons why people undervalue energy savings: misperceived energy prices, imperfect information about energy efficiency, and biased reasoning about energy savings. The paper then examines four types of policy options for addressing those underlying market imperfections: prices that reflect the social costs of energy use, financial incentives, energy-efficiency standards, and better information about energy efficiency.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

Sign up for our Press Release Distribution List

    Your Name (required)

    Your Email (required)

    Please sign me up to receive press releases from