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- W1853537944 abstract "The residential sector offers considerable potential for reducing energy use and greenhouse gas (GHG) emissions, particularly through energy-efficient renovations. The objective of this study is twofold. First, I aim to provide initial empirical evidence of the extent to which split incentives between landlords and tenants may lead to underinvestment. Second, I investigate the influence of tax credits and energy burdens on energy efficiency expenditures. Given the complexity of studying the decision to invest in energy-saving renovations, I use a bivariate Tobit model to compare decisions about energy-efficient works and repair works, even when the renovation expenditures seem quite similar. The analysis shows that tenants are doubly penalized: they have high energy expenditures due to energy-inefficient building characteristics, and because they are poorer than homeowners, they are unable to invest in energy-saving systems. The results also confirm that tax credits are ineffective in the split incentives context. In terms of public policy, the government should focus on low-income tenants, and mandatory measures such as minimum standards seem appropriate. Financial support from a third-party financer also might be a solution." @default.
- W1853537944 created "2016-06-24" @default.
- W1853537944 creator A5034429504 @default.
- W1853537944 date "2015-12-01" @default.
- W1853537944 modified "2023-10-17" @default.
- W1853537944 title "Energy efficiency investments in the context of split incentives among French households" @default.
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- W1853537944 doi "https://doi.org/10.1016/j.enpol.2015.09.005" @default.
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