Chapter 22

Trading in Energy Efficiency – A Market-Based Solution to Market Failure, or Just Yet Another Market Failure?

Iain MacGill1, Stephen Healy2 and Rob Passey1, 1School of Electrical Engineering and Telecommunications and Centre for Energy and Environmental Markets, 2School of Humanities and Centre for Energy and Environmental Markets, University of New South Wales, Sydney, Australia

1 Introduction

1.1 The Challenge of Energy Efficiency Policy

1.1.1 A Role for Energy Efficiency

The opportunity for, and challenges with, improving end-use energy efficiency to help meet our growing energy challenges have been widely noted.

Energy efficiency is, however, only one of a range of possible “means” to the “end” of delivering desired end-use energy ...

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