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Energy and Emissions in the Building Sector: A Comparison of Three Policies and Their Combinations

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  • Owen Comstock
  • Erin Boedecker

Abstract

Standards, subsidies, and carbon taxes are among the measures often considered to reduce energy consumption and carbon dioxide (CO2) emissions in the buildings sector. Using a modeling system developed by the U.S. Energy Information Administration, residential and commercial sector standards and subsidies were each modeled with and without a carbon tax to determine if a multipolicy approach would be redundant. A separate case examining a carbon tax was also completed for comparison. Between the two equipment-based policies, subsidies achieved more energy and CO2 emissions reductions at less cost to consumers, as incremental investment costs were shifted to the government. When either of the equipment-based policies was combined with a carbon tax, their energy- and carbon-reducing effects were more additive than redundant. doi: 10.5547/ISSN0195-6574-EJ-Vol32-SI1-3

Suggested Citation

  • Owen Comstock & Erin Boedecker, 2011. "Energy and Emissions in the Building Sector: A Comparison of Three Policies and Their Combinations," The Energy Journal, , vol. 32(1_suppl), pages 23-42, June.
    • Handle: RePEc:sae:enejou:v:32:y:2011:i:1_suppl:p:23-42
    DOI: 10.5547/ISSN0195-6574-EJ-Vol32-SI1-3
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