Environmental Economics

Energy Conservation Strategies

This report examines various strategies for reducing national energy demand. The study supposes that government chooses to reduce national energy use, and to do so in a cost-effective way. It then attempts to determine for each potential saving, how much energy is involved and how costly the alternatives would be.

The study begins by asking how much is paid by various energy users. It argues that many users get much of their energy at relatively low prices, and are thus encouraged to waste it, a form of "market failure." The study analyzes the kinds of market failures which seem to cause the "energy crisis," the kinds of government action which could rectify these failures, and the likely response of the economy to moderate price increases.

Numerous actions, some large and some small, would be required to restore a more efficient functioning of the market for energy, the study argues. In an efficient market, energy price increases of 25 percent would prompt a halving of the growth of energy demand; through 1990, energy needs would grow 40 percent rather than the 100 percent projected at then current prices.

  • Keywords

    Subject:
    4. Economic Incentives and Other Innovative Approaches
    8. Other Analyses and Reports
    Environmental Media:
    f. Multimedia
    Authors:
    Seidel, Marquis R.
    Plotkin, Steven E.
    Reck, Robert O.
    EPA Project Officer/ Manager:
    Seidel, Marquis R.
    Geographic Area:
    United States
    Study Purpose:
    Empirical Application, Policy Evaluation
    Inventory Record #: EE-0417
  • Participating Organizations

    Research Organization:

    Environmental Protection Agency, Office of Research and Monitoring, Implementation Research DivisionAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Research and Monitoring, Implementation Research DivisionAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    07/01/1973
    Number of Pages:
    120
    Comment: An analysis of this report written by Diane B. Pirkey on December 16, 1974 is also available in hard copy form only. She describes the report as a historical document representing the only comprehensive study on energy/environment by EPA at the time. She characterizes it as "simplistic, but perceptive, and often amazingly accurate in its projections." She compares its findings to those of the Project Independence Report and the Ford Foundation's Energy Policy Report. Copies of this analysis can be obtained from the NCEE Librarian through ncce@epa.gov
    EPA #:
    EPA-R5-73-021
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    Date Linked: 11/20/2017