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What Impedes Household Investment in Energy Efficiency and Renewable Energy? [electronic resource] / Nadia Ameli and Nicola Brandt = Quels sont les obstacles à l'investissement des ménages dans la rénovation énergétique et les énergies renouvelables ? / Nadia Ameli et Nicola Brandt

By: Contributor(s): Material type: ArticleArticleSeries: OECD Economics Department Working Papers ; no.1222.Publication details: Paris : OECD Publishing, 2015.Description: 32 p. ; 21 x 29.7cmOther title:
  • Quels sont les obstacles à l'investissement des ménages dans la rénovation énergétique et les énergies renouvelables ?
Subject(s): Other classification:
  • Q38
  • Q41
Online resources: Abstract: Energy efficiency and renewable energy technologies provide important opportunities to reduce greenhouse gas emissions. However, households fail to take up many clean energy investments that are cost-effective. This paper reviews different explanations for apparent underinvestment in energy efficiency that have been put forward in the literature. While investments in renewable energy technologies are typically not (yet) profitable, many of its drivers are similar to those that determine energy efficiency investments, and the two types of investment are therefore assessed jointly. The paper also provides new evidence regarding barriers to investment in energy efficiency based on the OECD Survey on Household Environmental Behaviour and Attitudes. Finally, policy solutions that would help overcome some of these barriers are also presented.
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Energy efficiency and renewable energy technologies provide important opportunities to reduce greenhouse gas emissions. However, households fail to take up many clean energy investments that are cost-effective. This paper reviews different explanations for apparent underinvestment in energy efficiency that have been put forward in the literature. While investments in renewable energy technologies are typically not (yet) profitable, many of its drivers are similar to those that determine energy efficiency investments, and the two types of investment are therefore assessed jointly. The paper also provides new evidence regarding barriers to investment in energy efficiency based on the OECD Survey on Household Environmental Behaviour and Attitudes. Finally, policy solutions that would help overcome some of these barriers are also presented.

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