Energy policy to overcome energy efficiency barriers: A Literature Review

Abstract

This paper examines the pervasive barriers hindering the widespread adoption of energy efficiency measures across various sectors. It categorizes these barriers into economic barriers, high upfront costs, organizational challenges, such as technical expertise and behavioral barriers, namely risk aversion and framing. To address these barriers, a comprehensive review of energy efficiency policies is conducted. These policies include incentives, coercive instruments, award systems, university industry collaboration, and technical support. To review energy efficiency barriers and policies, a methodological approach integrating non-structured snowball sampling with targeted literature review techniques was devised. Finally, the paper underlines that the success of these policies is contingent upon the active involvement, the collaboration, and the feedback of businesses, ensuring the feasibility of these policies. Their proactive engagement is indispensable in tackling energy efficiency barriers and driving the implementation of energy-efficient technologies, thus paving the way for a more sustainable and competitive businesses.