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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Proof of concept that requiring energy labels for dwellings can induce retrofitting
Author(s): Comerford, David A
Lange, Ian
Moro, Mirko
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Keywords: Energy labels
Selective attention
Residential energy use
Energy efficiency gap
Issue Date: Jan-2018
Date Deposited: 6-Feb-2018
Citation: Comerford DA, Lange I & Moro M (2018) Proof of concept that requiring energy labels for dwellings can induce retrofitting. Energy Economics, 69, pp. 204-212.
Abstract: How to induce households to install energy efficient technology remains a puzzle. Could an energy labeling requirement for residential real estate help? We propose that the salient color-letter grades on the English Energy Performance Certificate (EPC) served as targets, motivating vendors to invest in energy efficiency. To test our hypothesis we look to a random sample of over 16,000 homes in England. In the post-EPC data we find a cluster of homes with energy efficiency scores just above the D-grade threshold. This cluster was not present prior to the requirement, replicates in an independently-drawn random sample and is significantly larger amongst properties that can be identified as treated by the EPC requirement. We conclude that the EPC requirement induced investment, and hence that energy efficiency labels have potential to green the housing stock. We infer from our analysis how the design of the EPC could be altered to motivate greater investment in energy efficiency.
DOI Link: 10.1016/j.eneco.2017.11.013
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Accepted refereed manuscript of: Comerford DA, Lange I & Moro M (2018) Proof of concept that requiring energy labels for dwellings can induce retrofitting, Energy Economics, 69, pp. 204-212. DOI: 10.1016/j.eneco.2017.11.013 © 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
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