Energy Efficiency and Economic Policy: Comprehensive Theoretical, Empirical, and Policy Review

Muhammad Mushafiq; Muzammil Muhammad Khan Arisar; Hanan Tariq; Stanisław Czapp

doi:10.3390/en16052381

Energy Efficiency and Economic Policy: Comprehensive Theoretical, Empirical, and Policy Review

Abstract

In this paper, we analyze the role of economic policy in prompting energy efficiency. This study reviews three aspects, theoretical, empirical, and existing policies to evaluate the relationship of energy efficiency and economic policy. This study furthermore identifies the existing issues from a policy perspective in energy efficiency. Although not all public policies may be justified, it suggests that these types of financial incentives, particularly those based on economic instruments, can play a crucial role in advancing energy efficiency. Additionally, this study identifies existing issues in energy efficiency target achievement and proposes solutions based on the literature review. Finally, it provides possible future research pathways from the aspect of economic policy tools in energy efficiency.

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Category:

Articles

Type:

artykuły w czasopismach

Published in:

ENERGIES no. 16,
ISSN: 1996-1073

Language:

English

Publication year:

2023

Bibliographic description:

Mushafiq M., Arisar M. M. K., Tariq H., Czapp S.: Energy Efficiency and Economic Policy: Comprehensive Theoretical, Empirical, and Policy Review// ENERGIES -,iss. 5 (2023), s.2381-

DOI: