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Title:Do environmental benefits matter? A choice experiment among house owners in Germany PDF Logo
Authors:Achtnicht, Martin
Issue Date:2010
Series/Report no.:ZEW Discussion Papers 10-094
Abstract:Residential buildings strongly contribute to global CO2 emissions due to the high energy demand for electricity and heating, particularly in industrialised countries. Within the EU, decentralised heat generation is of particular relevance for future climate policy, as its emissions are not covered by the EU ETS. We conducted a choice experiment concerning energy retrofits for existing houses in Germany. In the experiment, the approximately 400 sampled house owners could either choose a modern heating system or an improved thermal insulation for their home. We used standard and mixed logit specifications to analyse the choice data. We found environmental benefits to have a significant impact on choices of heating systems. However, they played no role in terms of insulation choices. Based on the estimated mixed logit model, we further obtained WTP measures for CO2 savings.
Subjects:Choice experiment
CO2 emissions
Energy efficiency
Energy saving
Mixed logit
Residential buildings
Willingness to pay
JEL:C25
D12
Q40
Q51
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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