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.

    Author(s):Figus, Gioele ORCID logoORCID: https://orcid.org/0000-0002-2642-5504, Turner, Karen and Katris, Antonios
    Item type:Book Section
    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:15 Jan 2020 03:29
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/66667
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