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BC3 Policy Briefings

Monetary information to increase the adoption of energy-efficient options: trick or treat?


Author(s): María del Mar Solà, Amaia de Ayala, Ibon Galarraga, Marta Escapa

Date: 2023-15-05

Issue: PB 2023-01

  Download this Policy Briefings (398 KB.)

In the context of the Paris Agreement to tackle climate change and limit the global temperature increase by 2ºC (and 1.5ºC if possible), all signatory countries are committed to make substantial efforts in reducing greenhouse gas (GHG) emissions.
In fact, EU is committed to reduce its GHG emissions by at least 55% by 2030. One way to reduce them is to decrease energy consumption. Energy efficiency, or the efforts to reduce the amount of energy used to provide a given service, is a common measure to reduce energy consumption and the environmental impacts associated with the consumption, production and transportation of energy. The European Union has set a target of an improvement of energy savings of at least 9% by 2030 compared to 20201.

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