Repository logo
 

The Role of Behavioural Economics in Energy and Climate Policy

Simple item page
dc.contributor.authorPollitt, Michael G.
dc.contributor.authorShaorshadze, Irina
dc.date.accessioned2012-04-06T02:51:54Z
dc.date.available2012-04-06T02:51:54Z
dc.date.issued2011-12
dc.description.abstractThis article explores how behavioural economics can be applied to energy and climate policy. We present an overview of main concepts of behavioural economics and discuss how they differ from the assumptions of neoclassical economics. Next, we discuss how behavioural economics applies to three areas of energy policy: (1) consumption and habits, (2) investment in energy efficiency, and (3) provision of public goods and support for pro-environmental behaviour. We conclude that behavioural economics seems unlikely to provide the magic bullet to reduce energy consumption by the magnitude required by the International Energy Agency's “450” climate policy scenario. However it offers new suggestions as to where to start looking for potentially sustainable changes in energy consumption. We believe that the most useful role within climate policy is in addressing issues of public perception of the affordability of climate policy and in facilitating the creation of a more responsive energy demand, better capable of responding to weather-induced changes in renewable electricity supply.
dc.identifier.doi10.17863/CAM.5237
dc.identifier.otherCWPE1165
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/242021
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/242021
dc.language.isoeng
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subjectbehavioural economics
dc.subjectenergy economics
dc.subjectenergy demand
dc.subjectenergy efficiency
dc.subjectprivate provision of public goods
dc.titleThe Role of Behavioural Economics in Energy and Climate Policy
dc.typeWorking Paper
dc.type.versionnot applicable
rioxxterms.versionAO

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
cwpe1165.pdf
Size:
449.38 KB
Format:
Adobe Portable Document Format
Licence
https://www.rioxx.net/licenses/all-rights-reserved/
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
7.52 KB
Format:
Item-specific license agreed upon to submission
Download

Collections

Cambridge Working Papers in Economics (CWPE)