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Click here to view and here to listen to Dr. Roy Cordato discussing this Spotlight report. RALEIGH — Government programs targeting energy efficiency do little more than put…

Energy efficiency programs focus on the relationship between one input into the production process, energy, relative to the output generated by that process. This simplistic view makes no consideration for the strong possibility that other inputs -- labor, plastic, steal, copper, glass, etc. -- might actually increase. Economic efficiency, on the other hand, relates total costs to the value of the output that those costs generate.