Study Finds Costs of Residential Energy Efficiency Investments are Double the Benefits
Energy efficiency improvements are central components of several major energy policy initiatives globally and a core pillar of most long-term carbon abatement strategies. However, there is a gap between the uptake of efficiency measures and their perceived attractiveness based on projected costs and benefits.
To explore these issues, a research team from the University of Chicago and the University of California, Berkeley, conducted a first-of-its-kind field test of one energy efficiency program: the Federal Weatherization Assistance Program. The analysis was based on a randomized controlled trial conducted with a sample of more than 30,000 households in the state of Michigan. Such experiments are considered the gold standard for evidence.
In the News
Meredith Fowlie in CBS News
Koichiro Ito in The Economist