Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/193672
Authors: 
Kalantzis, Fotios
Revoltella, Debora
Year of Publication: 
2019
Series/Report no.: 
EIB Working Papers 2019/02
Abstract: 
This paper assesses the role of energy audits in promoting energy-efficiency measures in SMEs. It benefits from the data collected within the European Investment Bank Surveys in 2017 and 2018, involving information about energy audits and energy-efficiency investments of some 12,500 signatures from EU28 Member States per year. Our findings suggest that energy audit is a useful tool in overcoming the information barriers and facilitating investments in energy-efficiency measures. In fact, their information is more crucial for small firms and for investments in support processes such as lighting, wall insulation etc. than in production processes such as replacement of machinery and equipment. However, we found that the beneficial impact of energy audits cease to exist when firms are finance constrained. Finally, our results indicate that information campaigns are one of the most efficient available instruments among other instruments (regulatory, financial and voluntary agreements) for promoting energy audits in SMEs.
Subjects: 
energy audit
propensity score matching
energy efficiency
European Investment Bank survey
JEL: 
P28
Q41
Q48
Persistent Identifier of the first edition: 
ISBN: 
978-92-861-4227-7
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.