Energy Conservation in the Canadian Residential Sector : Revealing Potential Carbon Emission Reductions through Cost Effectiveness Analysis

Sammanfattning: The study uses Cost Effectiveness Analysis (CEA) as a method to analyse the economicand environmental impact of carbon dioxide (CO2e) emission abatement projects in theCanadian residential sector. It includes the more traditional environmental andeconomic criteria, yet it incorporates a behavioural component to the analysis. Adetailed account of the environmental specifications, emission reductions, and economicconsiderations of 11 abatement projects are used as input for the CEA. In addition,behavioural variables, such as disposable income, home ownership, and home repairskills, are taken into account to complement the study.The results indicate that the implementation of several of these carbon abatementprojects, such as insulating hot water pipes, replacing incandescent light bulbs,installing a programmable thermostat, etc. can bring about large emission reductionstogether with a net economic benefit, and in most cases, without altering the levels ofcomfort. This method can serve as a template for the evaluation of other related projectswithin the climate change mitigation context in Canada and in other countries, in anattempt to increase adoption rates of such projects.