The Rebound Effect (1860s to 1930s)  While the energy efficiency gap considers economical investments, it does not consider behavioural anomalies in energy consumers. Growing concerns surrounding climate change and other environmental impacts have lead to what economists would describe as irrational behaviours being exhibited by energy consumers. A contribution to this has been government interventions, coined ‘green nudges’ by Thaler and Sustein (2008), such as feedback on energy bills. Now that it is realised people do not behave rationally, research into energy economics is more focused on behaviours and impacting decision-making to close the energy efficiency gap. Timeline of instrumental theories of energy economics Sources, links and portals
The Rebound Effect (1860s to 1930s) Timeline of instrumental theories of energy economics While the energy efficiency gap considers economical investments, it does not consider behavioural anomalies in energy consumers. Growing concerns surrounding climate change and other environmental impacts have lead to what economists would describe as irrational behaviours being exhibited by energy consumers. A contribution to this has been government interventions, coined ‘green nudges’ by Thaler and Sustein (2008), such as feedback on energy bills. Now that it is realised people do not behave rationally, research into energy economics is more focused on behaviours and impacting decision-making to close the energy efficiency gap. Sources, links and portals
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Timeline of instrumental theories of energy economics
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Timeline of instrumental theories of energy economics