Energy Efficiency and Conservation: A Paradox
MetadataShow full item record
The main objective of energy and climate policy in recent years has been to reduce energy usage, often by encouraging the increased energy efficiency of existing technologies. Some economists, however, postulate that increased technology efficiency actually leads to greater energy consumption. Such an outcome is predicted by the scenario known as Jevons’ Paradox. Our study examines the possible effects of Jevons’ Paradox at the microeconomic level via a multiple linear regression analysis to determine whether or not the increased usage of Energy Star appliances - a class of high-efficiency appliances approved by the U.S. government - leads to an increase or decrease in energy consumption per household. We then use our results to assess the effectiveness of the Energy Star program in decreasing energy consumption.