Abstract
Market barriers to energy efficiency come from various aspects including social psychology, organizational theory, system perspective, and economic concepts. Widely covering these aspects, this book classifies 11 barriers to energy efficiency investments in the energy market. These barriers include fossil energy subsidies in the energy market, high transaction costs for small- and medium-sized energy efficiency project investment, distorted market for energy efficiency investments, high risk for local banks to release low-interest loans to small- and medium-sized enterprises, and lack of capacity to develop and implement energy efficiency projects in developing countries. Fortunately, these barriers can be unlocked by various proven measures. These measures include, but not limited to, implementing government energy pricing reforms, using program approach to cutting down transaction costs for small projects, creating transparent and competitive energy markets through effective government policies and regulations, lowering interest rates of bank loans by establishing de-risk funds at local banks, and building capacities for developing countries.
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Yang, M., Yu, X. (2015). Market Barriers to Energy Efficiency. In: Energy Efficiency. Green Energy and Technology. Springer, London. https://doi.org/10.1007/978-1-4471-6666-5_4
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DOI: https://doi.org/10.1007/978-1-4471-6666-5_4
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