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The impact that two US policies have had on energy consumption and carbon emissions of small and medium enterprises (SME) is analysed in this chapter. The first policy is the Industrial Assessment Centres (IAC) programme from the Department of Energy (DOE) of the US government in which assessments are offered to companies to identify energy efficiency (EE) measures. A probit model is used for a clearer understanding of EE investment determinants in SMEs. The second consists of the US State and Regional Climate Policy actions of the US Environmental Protection Agency (EPA). Panel data is used to analyse the impact of both policies, combining information on emissions and energy consumption per unit of real GDP for 51 US states over 19 years with data on EE investments as a consequence of the first policy, and, finally, 30 climate policies implemented at state and regional levels. The results show that some policies are more effective than others in reducing energy consumption and carbon emissions. There are also notable differences across states regarding climate policy and investment decisions.
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- Energy Efficiency Policy in the USA: The Impact of the Industrial Assessment Centres (IAC) Programme and State and Regional Climate Policy Actions
Luis Maria Abadie
Ramon Arigoni Ortiz
- Springer Netherlands
- Chapter 4
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