There is enormous potential for energy efficiency improvement in the residential sector, but there are significant market, pilicy and legacy barriers which must be overcome. The proposed Waxman-Markey bill includes multiple programs and allocates emissions allowance resources to address these barriers. If enacted, the Waxman-Markey bill would improve residential efficiency, but would not overcome all the barriers because some, such as transaction costs, are dispersed and difficult to overcome.
Author(s): David Hoppock and Jonas Monast
Published: July 2009