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Effects of energy performance certificates on investment: A quasi-natural experiment approach
Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet, Nationalekonomi. Umeå universitet, Samhällsvetenskapliga fakulteten, Centrum för miljö- och naturresursekonomi (CERE).
Umeå universitet, Samhällsvetenskapliga fakulteten, Centrum för miljö- och naturresursekonomi (CERE). Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet, Nationalekonomi.ORCID-id: 0000-0002-6067-3296
Vilnius University.
2019 (engelsk)Inngår i: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181, Vol. 84, artikkel-id 104480Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

Incomplete information may be one reason why some households do not invest in energy efficiency even though it would benefit them to do so. Energy performance certificates (EPCs) have been promoted to overcome such information shortages. In this paper, we investigate whether EPCs together with mandatory home energy audits make households more likely to invest in energy efficiency. Our study takes advantage of the mandatory nature of the EPCs to avoid the potential selection bias problem that typically applies to studies using voluntary energy audits as the treatment. Our treatment group consists of single-household houses in Sweden sold from 2008, i.e., when EPCs became legally required in connection with sales of residential buildings, to 2015; while the control group consists of houses sold between 2002 and 2008, i.e., without an EPC. The results show that there is no statistically significant treatment effect for most of the measures that a household can take to improve the energy performance of their house. The significant treatment effect that we do find concerns a few heating system-related measures.

sted, utgiver, år, opplag, sider
Elsevier, 2019. Vol. 84, artikkel-id 104480
Emneord [en]
energy performance certificate, energy audits, quasi-natural experiment, incomplete information, investment decision, energy efficiency gap, policy evaluation
HSV kategori
Forskningsprogram
nationalekonomi
Identifikatorer
URN: urn:nbn:se:umu:diva-162070DOI: 10.1016/j.eneco.2019.104480ISI: 000506712700030Scopus ID: 2-s2.0-85074151402OAI: oai:DiVA.org:umu-162070DiVA, id: diva2:1349231
Tilgjengelig fra: 2019-09-07 Laget: 2019-09-07 Sist oppdatert: 2020-02-27bibliografisk kontrollert

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