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Why Government Energy-Efficiency Programs Sound Great–But Often Don’t Work
Researchers found that government subsidies of home-energy audits—a common practice—may be particularly ineffective says WSJ Energy Expert and EPIC Executive Director Sam Ori.
Energy-efficiency programs are a kind of darling of energy policy experts. They claim to reduce carbon emissions and save money at the same time. Who could argue with that? And to date, market forces have identified plenty of attractive opportunities to reduce the amount of energy consumed per unit of GDP. That’s a big part of why energy demand growth has slowed in many developed markets.