The energy paradox and the diffusion of conservation technology

Jaffe, Adam B.; Stavins, Robert N.

doi:10.1016/0928-7655(94)90001-9

Cited by 505 publications

(269 citation statements)

References 22 publications

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“…If the purchaser has incomplete information about the magnitude of the resulting energy savings, the builder or landlord may not be able to recover the cost of such investments, and hence might not undertake them. These market failures with respect to adoption of new technology are part of the explanation for the apparent "paradox" of underinvestment in energy-saving technologies that appear cost-effective but are not widely utilized (Gillingham et al, 2009;Jaffe and Stavins, 1994;Newell et al, 2004).…”

Section: The Economics Of Technological Changementioning

confidence: 99%

Energy, the Environment, and Technological Change

Popp

Newell

Jaffe

2010

Handbook of the Economics of Innovation, Volume 2

Self Cite

299

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Section: The Economics Of Technological Changementioning

confidence: 99%

Energy, the Environment, and Technological Change

Popp

Newell

Jaffe

2010

Handbook of the Economics of Innovation, Volume 2

Self Cite

299

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“…Jaffe and Stavins 1994), theoretical studies argue that long-term incentives to adopt environmentally friendly technologies are stronger under market-based instruments (e.g. subsidies, taxes) than they are under command-and-control instruments (see e.g.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

Woerter

Stucki

Arvanitis

et al. 2017

International Journal of Green Energy

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We contribute to the existing research about policy-induced technology adoption in several ways. First, we suggest a new survey design to measure the energy-related policy environment. Second, we simultaneously estimate the policy effects for the adoption propensity and the adoption intensity simultaneously and, third, we compare the policy effects in the three countries, Austria, Germany, and Switzerland. Based on a representative sample of firms for all three countries we find that policies essentially promote the adoption of technologies and they are practically ineffective for the intensity, which poses a great challenge to future policy designs. Voluntary agreements or demand-related factors are among the most important drivers for the adoption propensity of green energy technologies. Given the current institutional framework in the surveyed countries, subsidies are more effective in Austria, taxes are more effective in Germany, and demand-related factors are relatively more effective in Switzerland.

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“…14 Jaffe and Stavins (1994) refer to this as the paradox of the energy-efficiency gap. It lies at the heart of the contradictory bottom-up versus top-down estimates of effectiveness of policies to improve energy efficiency.…”

Section: Nonconstant Discount Ratesmentioning

confidence: 99%

Discounting behavior and environmental decisions.

Carson

Tran

2009

Journal of Neuroscience, Psychology, and Economics

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Discounting plays a major role in the life cycle of environmental and natural resource policies. Evaluating centuries-scale problems like climate change with standard discount rates yields results that many find ethically unacceptable. Paradoxes abound. Low discount rates are urged for determining the net benefits of climate change, while households fail to undertake energy conservation actions that have payback periods of only a few years. Efforts to uncover discount rates from revealed and stated preferences suggest that a variety of confounding factors may be simultaneously in play. Common property resources provide an example of how market failures can lead to behavior consistent with extreme discounting that can be addressed through effective policy. Finally, politicians who make ultimate policy decisions may have incentives to act in accordance with discount rates not socially optimal.

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The energy paradox and the diffusion of conservation technology

Cited by 505 publications

References 22 publications

Energy, the Environment, and Technological Change

Energy, the Environment, and Technological Change

The adoption of green energy technologies: The role of policies in Austria, Germany, and Switzerland

Discounting behavior and environmental decisions.

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