Energy efficiency, energy systems and the economy

Ambitious energy efficiency goals constitute an important part of the EU’s road to a low carbon economy. The traditional approach in the literature analysing residential energy efficiency policies has been to increase energy efficiency exogenously, implying that energy efficiency policies make energy more productive in providing comfort and other services to the households. In this project we will combine knowledge from both technological science and economics to analyse effects of energy efficiency policies. The aim is to add knowledge from both kinds of sciences represented by economic model analyses at Statistics Norway and detailed information of technological energy investment possibilities derived from the bottom-up model TIMES-Norway at IFE, into the complex topic of energy efficiency.