Cost-benefit analysis of domestic energy efficiency - J. Clinch, J. Healy
@article{Clinch2000113,
title = "Cost-benefit analysis of domestic energy efficiency",
journal = "Energy Policy",
volume = "29",
number = "2",
pages = "113 - 124",
year = "2000",
note = "",
issn = "0301-4215",
doi = "10.1016/S0301-4215(00)00110-5",
url = "http://www.sciencedirect.com/science/article/pii/S0301421500001105",
author = "J.Peter Clinch and John D. Healy",
keywords = "Cost–benefit analysis",
keywords = "Domestic energy efficiency",
keywords = "Energy-assessment modelling"
}
Key Points
- A case study on Irish housing stock, labour, and materials is performed by feeding an Energy Assessment model into a Cost Benefit model.
- With a discount of 5% - standard policy for Ireland - a cost benefit ratio of 3.0.
- When efficiency is added, 57% of the social benefit is in energy saving, 15% is in health savings, 10% in comfort savings, and the remaining 8% in emission savings.
Using data gathered from material tables, national statistics, and labour markets an energy-assessment -> cost-benefit model was created for the Irish housing stock in 2000. This was then used to calculate energy savings gains along with health gains (via morbidity and mortuary tables), emission, and comfort gains. The study shows undeniable benefit of energy saving technologies, with governmental policy to only perform a project with a cost-benefit ratio of 1.7 - with this study almost doubling at a ratio of 3.0.