Households react to prices as well as habits, expectations and biases. Energy saving measures should factor in these behavioural aspects.
Reducing carbon emissions from the building and use of homes is complex and requires a dedicated policy mix, including carbon pricing, subsidised investments and regulations.
Achieving Paris Agreement goals demands a step change in the assessment and comparison of mitigation polices to bolster trust and international policy coordination.
Higher and broader-based carbon prices will result in significant emission cuts and revenue but will not by themselves deliver the transition to net zero.