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Les certificats d’économie d’énergie entre économie et politique

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  • Claude Crampes
  • Thomas-Olivier Léautier

Abstract

To encourage building renovation and the replacement of old energy-consuming equipment, some governments use a system of tradable white certificates requiring large sellers of natural gas, electricity and fuel oil to finance energy-saving operations. We present the microeconomic analysis of the market for white certificates and relate it to the markets of energy saving works and energy retail. The information asymmetry of energy consumers in assessing energy saving measures that belong to the category of ?credence goods? explain the low quantitative and financial efficiency of the mechanism already highlighted by econometric studies. We also explain that despite this lack of efficiency, white certificates will still be favored by the public authorities because they belong to the panoply of non-punitive, non-fiscal, decentralized and local job-creating micro-policies.

Suggested Citation

  • Claude Crampes & Thomas-Olivier Léautier, 2023. "Les certificats d’économie d’énergie entre économie et politique," Revue économique, Presses de Sciences-Po, vol. 74(1), pages 51-80.
    • Handle: RePEc:cai:recosp:reco_741_0051
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    Keywords

    energy savings; white certificates; micro-politics; incentive mechanisms; fuel poverty;
    All these keywords.

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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