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Are consumers or lawmakers better at regulating energy efficiency standards?

A recent energy goal set by President Obama has MIT Sloan Professor Christopher Knittel and some colleagues questioning how best to track and control the public’s use of energy efficiency programs to make that goal a reality. The President’s goal aims to cut in half the energy wasted by our homes and businesses over the next 20 years.

However, Knittel, who is the William Barton Rogers Professor of Energy Economics at MIT Sloan and Co-Director of the Center for Energy and Environmental Policy Research (CEEPR) at MIT, says before we buy into more stringent energy efficiency goals, we need to analyze the current situation more rigorously.

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