Abstract for: Impact Model for US-China Clean Energy Research Center for Building Energy Efficiency
Currently there exist few building energy consumption models to test the national impact of building energy efficiency technology. The number of such models that are publicly available models is even fewer. To predict correctly the effectiveness of policy concepts requires realistic models of technology adoption and regulation. A suitable mathematical framework is presented, and as an example estimates the impact of the portfolio of Building Energy Efficiency technologies advanced by the US-China Clean Energy Research Center. Compared to the Reinventing Fire China baseline scenario, introduction of the CERC-BEE 1.0 portfolio of advanced building energy efficiency technology at equivalent prices to incumbent technologies, and subsequent free-market adoption, reduces energy consumption by 8% by 2030 and 11% by 2050. Stress testing the model bounds the energy savings to 20% by 2050.