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The need for comprehensive and well targeted policy mixes to stimulate energy transitions: the case of energy efficiency policy.

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posted on 2023-06-09, 09:02 authored by Jan Rosenow, Florian Kern, Karoline RoggeKaroline Rogge
To meet global climate goals an energy transition is needed. However, energy transitions are complex and longterm processes and require a variety of public policy interventions to steer their direction and speed to achieve global climate change mitigation targets. One area where policy support is required is energy efficiency, which offers a high potential for carbon savings. It is widely acknowledged that energy efficiency improvements will need to be faster and deeper than is currently the case and this requires policy instrument mixes to support both those energy efficiency measures that are simple and cost-effective as well as more complex and costly technologies. In other words, policy mixes need to be well-targeted and comprehensive. In this paper, we address the issue of comprehensiveness in terms of technology-specificity and the level of complexity and costliness of energy efficiency measures. We use an existing dataset produced as part of a pan-European effort to understand instrument mixes in 14 EU Member States in the area of energy efficiency. Based on the empirical analysis and our segmentation of instrument types and their role in the overall mix, we illustrate the need for using a comprehensive instrument mix rather than single instruments.

History

Publication status

  • Published

File Version

  • Published version

Journal

Energy Research & Social Science

ISSN

2214-6296

Publisher

Elsevier

Volume

33

Page range

95-104

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2017-11-24

First Open Access (FOA) Date

2017-11-24

First Compliant Deposit (FCD) Date

2017-11-24

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