Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
| Session | |
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Energy Demand and Efficiency 3 Location: B132 Session Chair: Yeong Jae Kim, KDI School of Public Policy and Management | |
| Presentation 1 | |
The Effect of Energy Efficiency Obligations on Residential Energy Consumption and the Abatement Cost of Carbon Mines Paris, PSL University We evaluate the French CEE program, the largest energy efficiency obligation scheme in Europe. Using municipality-level panel data for 4,774 municipalities over the period 2018–2020, we first estimate its impact on energy use and carbon emissions. We find that official reporting on the program’s outcomes significantly overstates energy savings by at least 59\%. We then develop a novel methodology to estimate the average carbon abatement cost of the program, exploiting the fact that energy-saving certificates used for compliance are tradable. Our preferred estimate is a cost of \EUR{150} per ton of CO$_2$e. This cost falls to \EUR{52} per ton when accounting for the impact of program-induced increases in energy prices. The program therefore appears to be cost-effective. | |

