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Energy conservation is the effort to reduce wasteful energy consumption by using fewer energy services. This can be done by using energy more effectively (using less and better sources of energy for continuous service) or changing one's behavior to use less and better source of service (for example, by driving vehicles which consume renewable energy or energy with more efficiency). Energy conservation can be achieved through efficient energy use, which has some advantages, including a reduction in greenhouse gas emissions and a smaller carbon footprint, as well as cost, water, and energy savings.
Green engineering practices improve the life cycle of the components of machines which convert energy from one form into another.
Energy can be conserved by reducing waste and losses, improving efficiency through technological upgrades, improving operations and maintenance, changing users' behaviors through user profiling or user activities, monitoring appliances, shifting load to off-peak hours, and providing energy-saving recommendations. Observing appliance usage, establishing an energy usage profile, and revealing energy consumption patterns in circumstances where energy is used poorly, can pinpoint user habits and behaviors in energy consumption. Appliance energy profiling helps identify inefficient appliances with high energy consumption and energy load. Seasonal variations also greatly influence energy load, as more air-conditioning is used in warmer seasons and heating in colder seasons. Achieving a balance between energy load and user comfort is complex yet essential for energy preservation. On a large scale, a few factors affect energy consumption trends, including political issues, technological developments, economic growth, and environmental concerns.
User behavior also relies on the impact of personality traits, social norms, and attitudes on energy conservation behavior. Beliefs and attitudes toward a convenient lifestyle, environmentally friendly transport, energy security, and residential location choices affect energy conservation behavior. As a result, energy conservation can be made possible by adopting pro-environmental behavior and energy-efficient systems. Education on approaches to energy conservation can result in wise energy use. The choices made by the users yield energy usage patterns. Rigorous analysis of these usage patterns identifies waste energy patterns, and improving those patterns may reduce significant energy load. Therefore, human behavior is critical to determining the implications of energy conservation measures and solving environmental problems. Substantial energy conservation may be achieved if users' habit loops are modified.
Energy monitoring through Energy audit can achieve energy efficiency in existing buildings. An energy audit is an inspection and analysis of energy use and flows for energy conservation in a structure, process, or system intending to reduce energy input without negatively affecting output. Energy audits can determine specific opportunities for energy conservation and efficiency measures as well as determine cost-effective strategies.
Training professionals typically accomplish this and can be part of some national programs discussed above. The recent development of smartphone apps enables homeowners to complete relatively sophisticated energy audits themselves. For instance, smart thermostats can connect to standard HVAC systems to maintain energy-efficient indoor temperatures. In addition, data loggers can also be installed to monitor the interior temperature and humidity levels to provide a more precise understanding of the conditions. If the data gathered is compared with the users' perceptions of comfort, more fine-tuning of the interiors can be implemented (e.g., increasing the temperature where A.C. is used to prevent over-cooling). Building technologies and smart meters can allow commercial and residential energy users to visualize the impact their energy use can have in their workplaces or homes. Advanced real-time energy metering can help people save energy through their actions.Another approach towards energy conservation is the implementation of ECMs in commercial buildings, which often employ Energy Service Companies (ESCOs) experienced in energy performance contracting. This industry has been around since the 1970s and is more prevalent than ever today. The US-based organization EVO (Efficiency Valuation Organization) has created a set of guidelines for ESCOs to adhere to in evaluating the savings achieved by ECMs. These guidelines are called the IPMVP (IPMVP).
Energy efficiency can also be achieved by upgrading certain aspects of existing buildings. Making thermal improvements by adding insulation to crawl spaces and ensuring no leaks achieves an efficient building envelope, reducing the need for mechanical systems to heat and cool the space. High-performance insulation is also supported by adding double/triple-glazed windows to minimize thermal heat transmission. Minor upgrades in existing buildings include changing mixers to low flow greatly aids in water conservation, changing light bulbs to LED lights results in 70-90% less energy consumption than a standard incandescent or C.F.L. bulb, changing inefficient appliances with Energy Star-rated appliances will consume less energy, and finally adding vegetation in the landscape surrounding the building to function as a shading element. A window windcatcher can reduce the total energy use of a building by 23.3%. Paint colors and new paint technologies can conserve energy.
Energy conservation through users' behaviors requires understanding household occupants' lifestyle, social, and behavioral factors in analyzing energy consumption. This involves one-time investments in energy efficiency, such as purchasing new energy-efficient appliances or upgrading the building insulation without curtailing economic utility or the level of energy services, and energy curtailment behaviors which are theorized to be driven more by social-psychological factors and environmental concerns in comparison to the energy efficiency behaviors. Replacing existing appliances with newer and more efficient ones leads to energy efficiency as less energy is wasted throughout. Overall, energy efficiency behaviors are identified more with one-time, cost-incurring investments in efficient appliances and retrofits, while energy curtailment behaviors include repetitive, low-cost energy-saving efforts.
To identify and optimize residential energy use, conventional and behavioral economics, technology adoption theory and attitude-based decision-making, social and environmental psychology, and sociology must be analyzed. The techno-economic and psychological literature analysis focuses on the individual attitude, behavior, and choice/context/external conditions. In contrast, the sociological literature relies more on the energy consumption practices shaped by the social, cultural, and economic factors in a dynamic setting.
The key to designing a passive solar building is to best take advantage of the local climate. Elements to be considered include window placement and glazing type, thermal insulation, thermal mass, and shading. Optimizing daylighting can decrease energy waste from incandescent bulbs, windows, and balconies, allow natural ventilation, reduce the need for heating and cooling, low flow mixers aid in water conservation, and upgrade to Energy star rated appliances consume less energy. Designing a building according to LEED guidelines while incorporating smart home technology can help save a lot of energy and money in the long run. Passive solar design techniques can be applied most easily to new buildings, but existing buildings can be retrofitted.
Mainly, energy conservation is achieved by modifying user habits or providing an energy-saving recommendation of curtailing an appliance or scheduling it to low-price energy tariff hours. Besides changing user habits and appliance control, identifying irrelevant appliances concerning user activities in smart homes saves energy. Smart home technology can advise users on energy-saving strategies according to their behavior, encouraging behavioral change that leads to energy conservation. This guidance includes reminders to turn off lights, leakage sensors to prevent plumbing issues, running appliances on off-peak hours, and smart sensors that save energy. Such technology learns user-appliance activity patterns, gives a complete overview of various energy-consuming appliances, and can provide guidance to improve these patterns to contribute to energy conservation. As a result, they can strategically schedule appliances by monitoring the energy consumption profiles of the appliances, schedule devices to the energy-efficient mode, or plan to work during off-peak hours.
Appliance-oriented approaches emphasize appliance profiling, curtailing, and scheduling to off-peak hours, as supervision of appliances is key to energy preservation. It usually leads to appliance curtailment in which an appliance is either scheduled to work another time or is turned off. Appliance curtailment involves appliance recognition, activity-appliances model, unattended appliance detection, and energy conservation service. The appliance recognition module detects active appliances to identify the activities of smart home users. After identifying users' activities, the association between the functional appliances and user activities is established. The unattended appliance detection module looks for active appliances but is unrelated to user activity. These functional appliances waste energy and can be turned off by providing recommendations to the user.
Based on the smart home recommendations, users can give weight to certain appliances that increase user comfort and satisfaction while conserving energy. Energy consumption models of energy consumption of appliances and the level of comfort they create can balance priorities among smart home comfort levels and energy consumption. According to Kashimoto, Ogura, Yamamoto, Yasumoto, and Ito, the energy supply reduces based on the historical state of the appliance and increases according to the comfort level requirement of the user, leading to a targeted energy-saving ratio. Scenarios-based energy consumption can be employed as a strategy for energy conservation, with each scenario encompassing a specific set of rules for energy consumption.
In transportation, state and local efforts in energy conservation and efficiency measures tend to be more targeted and smaller in scale. However, with more robust fuel economy standards, new targets for the use of alternative transportation fuels, and new efforts in electric and hybrid electric vehicles, EPAct05 and EISA provide a new set of national policy signals and financial incentives to the private sector and state and local governments for the transportation sector. Zoning reforms that allow greater urban density and designs for walking and bicycling can greatly reduce energy consumed for transportation. Many Americans work in jobs that allow for remote work instead of commuting daily, which is a significant opportunity to conserve energy.
The most significant energy-saving potential is that there are the most problems in urban transportation in various countries, such as management systems, policies and regulations, planning, technology, operation, and management mechanism. Improvements in one or several aspects will improve road transportation. Efficiency has a positive impact, which leads to the improvement of the urban traffic environment and efficiency.
In addition to ITS, transit-oriented development (T.O.D.) significantly improves transportation in urban areas by emphasizing density, proximity to transit, diversity of uses, and streetscape design. Density is important for optimizing location and is a way to cut down on driving. Planners can regulate development rights by exchanging them from ecologically sensitive areas to growth-friendly zones according to density transfer procedures. Distance is defined as the accessibility of rail and bus transits, which serve as deterrents for driving. For transit-oriented development to be feasible, transportation stops must be close to where people live. Diversity refers to mixed-use areas that offer essential services close to homes and offices and include residential spaces for different socioeconomic categories, commercial and retail. This creates a pedestrian shed where one area can meet people's everyday needs on foot. Lastly, the streetscapes design involves minimal parking and walkable areas that calm traffic. Generous parking incentivizes people to use cars, whereas minimal and expensive parking deters commuters. At the same time, streetscapes can be designed to incorporate bicycling lanes and designated bicycle paths and trails. People may commute by bicycle to work without being concerned about their bicycles becoming wet because of covered bicycle storage. This encourages commuters to use bicycles rather than other modes of transportation and contributes to energy saving. People will be happy to walk a few blocks from a train stop if there are attractive, pedestrian-friendly outdoor spaces nearby with good lighting, park benches, outdoor tables at cafés, shade tree plantings, pedestrian courts that are blocked off to cars, and public internet connection. Additionally, this strategy calms traffic, improving the intended pedestrian environment.
New urban planning schemes can be designed to improve connectivity in cities through networks of interconnected streets that spread out traffic flow, slow down vehicles, and make walking more pleasant. By dividing the number of road links by the number of road nodes, the connectivity index is calculated. The higher the connectivity index, the greater the route choices and the better the pedestrian access. Realizing the transportation impacts associated with buildings allows commuters to take steps toward energy conservation. Connectivity encourages energy-conserving behaviors as commuters use fewer cars, walk and bike more, and use public transportation. For commuters who do not have the option of public transportation, smaller vehicles that are hybrid or have better mileage can be used. can conserve energy by turning off appliances in unoccupied rooms.]]
Energy conservation measures are often combined into larger guaranteed Energy Savings Performance Contracts to maximize energy savings while minimizing disruption to building occupants by coordinating renovations. Some ECMs cost less to implement yet return higher energy savings. Traditionally, lighting projects were a good example of "low hanging fruit" that could be used to drive implementation of more substantial upgrades to HVAC systems in large facilities. Smaller buildings might combine window replacement with modern insulation using advanced building Spray foam to improve energy for performance. Energy dashboard projects are a new kind of ECM that relies on the behavioral change of building occupants to save energy. When implemented as part of a program, case studies, such as that for the DC Schools, report energy savings up 30%. Under the right circumstances, open energy dashboards can even be implemented for free to improve upon these savings even more.
Consumers are often poorly informed of the savings of energy-efficient products. A prominent example of this is the energy savings that can be made by replacing an incandescent light bulb with a more modern alternative. When purchasing light bulbs, many consumers opt for cheap incandescent bulbs, failing to take into account their higher energy costs and lower lifespans when compared to modern compact fluorescent and LED lamp. Although these energy-efficient alternatives have a higher upfront cost, their long lifespan and low energy use can save consumers a considerable amount of money. The price of LED bulbs has also been steadily decreasing in the past five years due to improvements in semiconductor technology. Many LED bulbs on the market qualify for utility rebates that further reduce the price of the purchase to the consumer. Estimates by the U.S. Department of Energy state that widespread adoption of LED lighting over the next 20 years could result in about $265 billion worth of savings in United States energy costs.
The research one must put into conserving energy is often too time-consuming and costly for the average consumer when there are cheaper products and technology available using today's fossil fuels. Some governments and NGOs are attempting to reduce this complexity with Ecolabel that make differences in energy efficiency easy to research while shopping.Breukers, Heiskanen, et al. (2009). Interaction schemes for successful demand-side management. Deliverable 5 of the CHANGING BEHAVIOUR project. Funded by the EC (#213217)
To provide the kind of information and support people need to invest money, time and effort in energy conservation, it is important to understand and link to people's topical concerns. For instance, some retailers argue that bright lighting stimulates purchasing. However, health studies have demonstrated that headache, stress, blood pressure, fatigue and worker error all generally increase with the common over-illumination present in many workplace and retail settings. It has been shown that natural daylighting increases productivity levels of workers, while reducing energy consumption.Lumina Technologies Inc., Santa Rosa, Ca., Survey of 156 California commercial buildings energy use, August 1996
In warm climates where air conditioning is used, any household device that gives off heat will result in a larger load on the cooling system. Items such as stoves, dishwashers, clothes dryers, hot water, and incandescent lighting all add heat to the home. Low-power or insulated versions of these devices give off less heat for the air conditioning to remove. The air conditioning system can also improve efficiency by using a heat sink that is cooler than the standard air heat exchanger, such as geothermal or water.
In cold climates, heating air and water is a major demand for household energy use. Significant energy reductions are possible by using different technologies. are a more efficient alternative to electrical resistance heaters for warming air or water. A variety of efficient are available, and the requires no energy- only time. Natural-gas (or bio-gas) condensing boilers and hot-air furnaces increase efficiency over standard hot-flue models. Standard electric boilers can be made to run only at hours of the day when they are needed by means of a time switch. This decreases energy use vastly. In showers, a semi-closed-loop system could be used. New construction implementing can capture heat from wastewater or exhaust air in bathrooms, laundry, and kitchens.
In both warm and cold climate extremes, airtight thermal insulated construction is the largest factor determining the efficiency of a home. Insulation is added to minimize the flow of heat to or from the home, but can be labor-intensive to retrofit to an existing home.
China's government has launched a series of policies since 2005 to effectively promote the goal of reducing energy-saving emissions; however, road transportation, the fastest-growing energy-consuming sector in the transportation industry, lacks specific, operational, and systematic energy-saving plans. Road transportation is the highest priority to achieve energy conservation effectively and reduce emissions, particularly since social and economic development has entered the "new norm" period. Generally speaking, the government should make comprehensive plans for conservation and emissions reduction in the road transportation industry within the three dimensions of demand, structure, and technology. For example, encouraging trips using public transportation and new transportation modes such as car-sharing and increasing investment in new energy vehicles in structure reform, etc.
As part of the EU's SAVE program, For an Energy-Efficient Millennium: SAVE 2000 , Directorate-General for Energy aimed at promoting energy efficiency and encouraging energy-saving behavior, the Boiler Efficiency Directive specifies minimum levels of efficiency for boilers using liquid or gaseous fuels.
There is steady progress on energy regulation implementation in Europe, North America, and Asia, with the highest number of building energy standards being adopted and implemented. Moreover, the performance of Europe is highly encouraging concerning energy standard activities. They recorded the highest percentage of mandatory energy standards compared to the other five regions.
In 2050, energy savings in Europe can reach 67% of the 2019 baseline scenario, amounting to a demand of 361 Mtoe in an "energy efficiency first" societal trend scenario. A condition is that there be no rebound effect, for otherwise the savings are 32% only or energy use may even increase by 42% if techno-economic potentials are not realized.Fraunhofer Institute for Systems and Innovation Research ISI (2019) Study on Energy Savings Scenarios 2050. See https://www.isi.fraunhofer.de/content/dam/isi/dokumente/ccx/2019/Report_Energy-Savings-Scenarios-2050.pdf with a summary in https://www.isi.fraunhofer.de/content/dam/isi/dokumente/ccx/2019/Summary_Energy-Savings-Scenarios-2050.pdf
Germany has reduced its primary energy consumption by 11% from 1990 to 2015 and set itself goals of reducing it by 30% by the year 2030 and by 50% by the year 2050 in comparison to the level of 2008.
The Bureau of Energy Efficiency is an Indian government organization created in 2001 that is responsible for promoting energy efficiency and conservation.
Protection and Conservation of Natural Resources are done by Community Natural Resources Management (CNRM).
The Energy Conservation Center promotes energy efficiency in every aspect of Japan. Public entities are implementing the efficient use of energy for industries and research. It includes projects such as the Top Runner Program. In this project, new appliances are regularly tested on efficiency, and the most efficient ones are made the standard.
Households in the MENA region are responsible for 53% of energy use in Saudi Arabia and 57% of the UAE's ecological footprint. This is partially due to poorly designed and constructed buildings, mainly under a cheap energy model that has left them without contemporary control technology or even proper insulation and efficient appliances. Building energy consumption can be cut by 20% under a combination of insulation, efficient windows and appliances, shading, reflective roofing, and a host of automated controls that adjust energy use.
Governments could also set minimum energy efficiency and water use standards on importing appliances sold inside their countries, effectively banning the sale of inefficient air conditioners, dishwashers, and washing machines. Administration of the laws would essentially be a function of national customs services. Governments could go further, offering incentives – or mandates – that air conditioners of a certain age be replaced.
Due to the lack of a government organization that promotes energy efficiency in the country, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has established the Energy Efficiency Centre under his roof to promote energy conservation in the private sector. The Energy Efficiency Centre is a non-profit initiative that is offering energy auditing services to the industries. The centre is also supported by Nepal Energy Efficiency Programme of Deutsche Gesellschaft für Internationale Zusammenarbeit.
A study conducted in 2012 found out that Nepalese industries could save 160,000-megawatt hours of electricity and 8,000 terajoules of thermal energy (like diesel, furnace oil, and coal) every year. These savings are equivalent to annual energy cost cut of up to 6.4 Billion Nepalese Rupees. As a result of Nepal Economic Forum 2014, an economic reform agenda in the priority sectors was declared focusing on energy conservation among others. In the energy reform agenda, the government of Nepal gave the commitment to introduce incentive packages in the budget of the fiscal year 2015/16 for industries that practices energy efficiency or use efficient technologies (incl. cogeneration).
In addition to this, during the month of October (the official energy conservation month in the state), LSEB hosted experience centers in malls around Lagos State where members of the public were encouraged to calculate their household energy consumption and discover ways to save money using a consumer-focused energy app. To get Lagosians started on energy conservation, solar lamps and energy-saving bulbs were also handed out.
In Kaduna State, the Kaduna Power Supply Company (KAPSCO) ran a program to replace all light bulbs in Public Offices; fitting energy-saving bulbs in place of incandescent bulbs. KAPSCO is also embarking on an initiative to retrofit all conventional streetlights in the Kaduna Metropolis to LEDs which consume much less energy.
About half of U.S. energy consumption in the transportation and residential sectors is primarily controlled by individual consumers. In the typical American home, space heating is the most significant energy use, followed by electrical technology (appliances, lighting, and electronics) and water heating. Commercial and industrial energy expenditures are determined by businesses entities and other facility managers. National energy policy has a significant effect on energy usage across all four sectors.
Since the oil embargoes and price spikes of the 1970s, energy efficiency and conservation have been fundamental tenets of U.S. energy policy. The scope of energy conservation and efficiency measures has been broadened throughout time by U.S. energy policies and programs, including federal and state legislation and regulatory actions, to include all economic sectors and all geographical areas of the nation. Measurable energy conservation and efficiency gains in the 1980s led to the 1987 Energy Security Report to the President (DOE, 1987) that "the United States uses about 29 quads less energy in a year today than it would have if our economic growth since 1972 had been accompanied by the less- efficient trends in energy use we were following at that time" The DOE Strategy and the legislation included new strategies for strengthening conservation and efficiency in buildings, industry, and electric power, such as integrated resource planning for electric and natural gas utilities and efficiency and labeling standards for 13 residential appliances and equipment categories. Lack of a national consensus on how to proceed interfered with developing a consistent and comprehensive approach. Nevertheless, the Energy Policy Act of 2005 (EPAct05; 109th U.S. Congress, 2005) contained many new energy conservation and efficiency provisions in the transportation, buildings, and electric power sectors.
The most recent federal law to increase and broaden U.S. energy conservation and efficiency laws, programs, and practices is the Energy Independence and Security Act of 2007 (EISA). Over the next few decades, it is anticipated that EISA will significantly reduce energy use because it has more standards and targets than previous legislation. Both acts reinforce the importance of lighting and appliance efficiency programs, targeting an additional 70% lighting efficiency by 2020, introducing 45 new standards for appliances, and setting up new standards for vehicle fuel economy. The Federal Government is also promoting a new 30% model code for efficient building practices in the construction industry. Additionally, according to the American Council for an Energy-Efficient Economy (ACEEE), the EISA's energy efficiency and conservation initiatives will cut carbon dioxide emissions by 9% in 2030. These requirements cover appliance and lighting efficiency, energy savings in homes, businesses, and public buildings, the effectiveness of industrial manufacturing facilities, and the efficiency of electricity supply and end use. Expectations are high for increased energy savings due to these initiatives, which have already started contributing to new federal, state, and local laws, programs, and practices across the U.S.
The development and use of alternative transportation fuels (whose supply is expected to expand by 15% by 2022), renewable energy sources, and other clean energy technologies have also received more attention and financial incentives. Recent policies also emphasize growing the use of coal with carbon capture and sequestration, solar, wind, nuclear, and other clean energy sources.
In February 2023 the United States Department of Energy proposed a set of new energy efficiency standards that, if implemented, will save to users of different electric machines in the United States around $3,500,000,000 per year and will reduce by the year 2050 carbon emissions by the same amount as emitted by 29,000,000 houses.
The major impediments to implementing building energy regulations for energy conservation and efficiency in the building sector are institutional barriers and market failures rather than technical problems, as pointed out by Nature Publishing Group (2008). Among these, Santamouris (2005) includes a lack of owners' awareness of energy conservation benefits, building energy regulations benefits, insufficient awareness and training of property managers, builders, and engineers, and a lack of specialized professionals to ensure compliance. Based on the above information, the development and adoption of building energy regulations, such as energy standards in developing countries, are still far behind compared to building energy regulation adoption and implementation in developed countries.
Building energy standards are starting to appear in Africa, Latin America, and Middle East regions, even though this is a new development going to the result obtained in this study. The level of progress on energy regulation activities in Africa, Latin America, and the Middle East is increasing, given the higher number of energy standard proposals recorded in these regions. According to the Royal Institute of Chartered Surveyors, several codes are being developed in developing countries with UNDP and GEF support. These typically include elemental and integrated routes to compliance, such as a fundamental method defining the performance requirements of specific building elements. However, they are still far behind in building energy regulation development, implementation, and compliance compared to developed nations. Also, decision-making regarding energy regulations is still from the government only, with little or no input from non-governmental entities. As a result, lower energy regulation development is recorded in these regions compared to regions with integrated and consensus approaches.
Additionally, there is growing government involvement in the development and implementation of energy standards; 62% of Middle Eastern respondents, 45% of African respondents, and 43% of Latin American respondents indicated that existing government agencies, such as building agencies and energy agencies, are involved in implementing building energy standards in their respective nations, as opposed to 20% of European respondents, 38% of Asian respondents, and 0% of North American respondents, who indicated the involvement of existing agencies. Several North African nations, like Tunisia and Egypt, have programs relating to building energy standards, while Algeria and Morocco are now seeking to establish building energy standards, according to the Royal Institute of Chartered Surveyors. Similarly, Egypt's residential energy standard became law in 2005, and their commercial standard was anticipated to follow. The standards provide minimal performance requirements for applications involving air conditioners and other appliances and elemental and integrated pathways. However, it was claimed that enforcement legislation was still required in 2005. Additionally, Morocco launched a program in 2005 to create thermal energy requirements for construction, concentrating on the hospitality, healthcare, and communal housing industries.
Energy codes and standards are vital in setting minimum energy-efficient design and construction requirements. Buildings should be developed following energy standards to save energy efficiently. They specify uniform requirements for new buildings, additions, and modifications. National organizations like the American Society of Heating, Refrigerating, and Air-Conditioning Engineers publish the standards (ASHRAE). State and municipal governments frequently use energy standards as the technical foundation for creating their energy regulations. Some energy standards are written in a mandatory and enforceable language, making it simple for governments to add the standards' provisions directly to their laws or regulations.
The American Society of Heating, Refrigeration, and Air-Conditioning Engineers (ASHRAE) is a well-known example of a standard-making organization. This organization dates to the nineteenth century and is international in its membership (About ASHRAE 2018). Examples of ASHRAE standards that relate to energy conservation in the built environment are:
The Residential Energy Services Network is a crucial benchmark for energy reduction (RESNET). The Home Energy Rating System (HERS) of RESNET, which is based on the International Code Council's (ICC) energy code, is used to rate home energy consumption with a standard numerical scale that examines factors in home energy use (About HERS 2018). The American National Standards Institute (ANSI) has acknowledged the HERS assessment system as a national benchmark for evaluating energy efficiency. The International Energy Conservation Code (IECC) of the ICC requires an energy rating index, and the main index used in the residential building sector is HERS. The mortgage financing sector makes substantial use of the HERS index. A home's expected energy usage may impact the available mortgage funds based on the HERS score, with more energy-efficient, lower energy-using homes potentially qualifying for a better mortgage rate or amount.
It also does not enable easily comparing options (such as being able to Product finder by energy-efficiency in online stores) or have the best energy-conserving options accessible (such as energy-conserving options being available in the frequented local store). (An analogy would be nutritional labeling on food.)
A trial of estimated financial energy cost of alongside EU energy-efficiency class (EEEC) labels online found that the approach of labels involves a trade-off between Homo economicus and higher cost requirements in effort or time for the product-selection from the Overchoice available options which are often unlabelled and don't have any EEEC-requirement for being bought, used or sold within the EU. Moreover, in this one trial the labeling was ineffective in shifting purchases towards more sustainable options.
Developing countries specifically are less likely to impose policy measures that slow carbon emissions as this would slow their economic development. These growing countries may be more likely to support their own economic growth and support their citizens rather than decreasing their carbon emissions.
The following pros and cons of a carbon tax help one to see some of the potential effects of a carbon tax policy.
Pros of Carbon Tax include:
Cons of Carbon Tax include:
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