This project will model the uptake of low carbon and energy efficient technologies and practices by households and businesses under different market interventions. It extends previous work (RP3002 - which addressed the commercial building sector) into the residential and small to medium business sectors, whilst producing innovative methods that accommodate market based incentives.
It will use agent-based modelling (ABM) to represent consumer behaviour, social networks and their responses to non-financial incentives and barriers. The resulting model will be a “virtual market”. It will enable the NSW Government and other agencies to better understand, design and evaluate different types of market interventions (e.g. incentives, information, training, finance, codes), through exploring technical, economic and behavioural parameters.