A comprehensive study of the effect of biogas units on real estate prices in France

Martin Faulques, Jean Bonnet and Sébastien Bourdin

Energy Economics, 2025, vol. 145, issue C

Abstract: We measured the social acceptability of biogas units by estimating the effect of their location on real estate prices. This study was conducted in France between 2014 and 2021 and included a sample of more than 110,000 real estate transactions near 620 new biogas units. The methodology of difference-in-differences models enabled us to limit the bias of the results for units installed over several periods, while allowing us to conduct an event study. The results showed negative effects of rural biogas units on house prices within one kilometer; we found no effect beyond this distance. Our results suggest that only units located in rural areas have an effect on nearby sales and that this effect is moderate (around −5 %).

Keywords: Multi-period difference-in-differences model; Negative externalities; Real estate price; Biogas; Rural/urban effect (search for similar items in EconPapers)
JEL-codes: C32 Q42 Q57 R30 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:145:y:2025:i:c:s0140988325003123

DOI: 10.1016/j.eneco.2025.108488

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