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Policy Modelling for Ambitious Energy Efficiency Investment in the EU Residential Buildings

[Zeitschriftenartikel]

Fotiou, Theofano
Capros, Pantelis
Fragkos, Panagiotis

Abstract

This paper presents the challenges of increasing the energy efficiency investments in European Union (EU) residential buildings in the context of achieving climate neutrality by 2050. The paper presents the results of the PRIMES buildings model in key energy policy applications to support cost-effec... mehr

This paper presents the challenges of increasing the energy efficiency investments in European Union (EU) residential buildings in the context of achieving climate neutrality by 2050. The paper presents the results of the PRIMES buildings model in key energy policy applications to support cost-effective and fair policy making in buildings across Europe. The model covers, in detail, the building sector for all the EU Member States (MS), segmenting the buildings into many categories. The approach proposed includes non-market barriers in conventional microeconomic modelling, which combined with idiosyncratic preferences can capture poor energy efficiency choices and still represent rational behaviours. The model includes a detailed portrayal of policies specific to the sector, comprising economic and regulatory policies as well as institutional measures. The results of the model show that the removal of non-market barriers is of great importance in reducing energy consumption and increasing both the pace and the depth of renovation investment. However, the institutional measures alone are not enough to induce energy efficiency improvement to the scale required to achieve the climate neutrality objectives. Economic (i.e., subsidies) or regulatory measures (i.e., energy performance standards) are also required to decrease emissions and energy consumption in buildings and the paper compares different configurations thereof. The optimum policy mix obviously derives from a compromise among various aims including the cost-effectiveness of the policy budget and the distributional impacts across building and consumer types.... weniger

Thesaurusschlagwörter
EU; Energieeinsparung; Energiewirtschaft; Wohnung; Klimawandel; erneuerbare Energie; Energiepolitik

Klassifikation
spezielle Ressortpolitik

Freie Schlagwörter
modelling the building sector; energy efficiency policy; energy poverty; EU policy; EU-SILC 2010

Sprache Dokument
Englisch

Publikationsjahr
2022

Seitenangabe
S. 1-29

Zeitschriftentitel
Energies, 15 (2022) 6

Heftthema
B1: Energy and Climate Change

DOI
https://doi.org/10.3390/en15062233

ISSN
1996-1073

Status
Veröffentlichungsversion; begutachtet (peer reviewed)

Lizenz
Creative Commons - Namensnennung 4.0


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