Energy saving innovations and economy wide rebound effects
Figus, Gioele and Turner, Karen and Katris, Antonios; (2018) Energy saving innovations and economy wide rebound effects. In: Transitions in Energy Efficiency and Demand. Routledge, Abingdon, pp. 156-174. ISBN 9781351127257
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Abstract
Energy efficiency has gained significant policy and research attention for over a number of years, but often the focus is on rebound effects, the portion of the potential energy savings not realised because of economic responses. In this chapter, we seek to demonstrate that there are several macroeconomic impacts associated with energy efficiency improvements, which merit significantly more attention and deliver a wide range of socio-economic benefits. Our findings show that improving the energy efficiency of households could stimulate the economic activity within a nation or a region, leading to increased employment opportunities, investment and potentially public budget savings. Moreover, energy efficiency could aid in alleviating fuel poverty. And in every case that we have examined, those benefits are realised while achieving energy savings. We understand though that rebound is not likely to be left out of energy efficiency discussions. We then propose the use of an alternative metric of the effectiveness of energy efficiency policies; one that focuses on the achieved savings rather than those that did not materialise.
Creators(s): |
Figus, Gioele ![]() | Item type: | Book Section |
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ID code: | 66667 |
Keywords: | innovation, energy saving, energy efficiency, Economic Theory, Economics, Econometrics and Finance(all) |
Subjects: | Social Sciences > Economic Theory |
Department: | Strathclyde Business School > Economics Strategic Research Themes > Energy Faculty of Humanities and Social Sciences (HaSS) > School of Government and Public Policy > Politics Faculty of Humanities and Social Sciences (HaSS) > International Public Policy Institute (IPPI) |
Depositing user: | Pure Administrator |
Date deposited: | 21 Jan 2019 16:50 |
Last modified: | 20 Jan 2021 16:10 |
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URI: | https://strathprints.strath.ac.uk/id/eprint/66667 |
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