Preference for design elements of financial participation and nonmonetary effects of using energy transition technologies - survey results

Barbara Breitschopf and Anna Billerbeck

No S08/2024, Working Papers "Sustainability and Innovation" from Fraunhofer Institute for Systems and Innovation Research (ISI)

Abstract: This paper investigates potential drivers of technology and financial investments in energy transition technologies (ETT). The empirical findings rely on three online surveys, one conducted in March and the other two in May 2024 in Germany. The paper presents the descriptive results of the surveys. Respondents reveal a significant engagement in energy-efficient appliances and building measures, followed by roof-mounted PV systems and heat pumps. Notably, financial investments in renewable energy projects remain low. The general approval for the energy transition is high but declines when associated with burdens. Co-ownership of local energy suppliers or municipalities in energy projects enhance investment willingness of citizens, emphasizing the importance of trust in local policymakers. Key non-monetary factors influencing investment decisions include nonmonetary costs such as stress and physical efforts, as well as non-monetary benefits such as ease of use, energy independence, or environmental benefits. The paper highlights that while monetary costs are crucial, non-monetary aspects, such as efforts, individual benefits, followed by social benefits, significantly motivate investments in ETT, underscoring the complexity of factors influencing financial participation in energy transition.

Keywords: financial participation; energy transition; preferences; design elements; nonmonetary effects (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ene, nep-env and nep-fle
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fisisi:306343

DOI: 10.24406/w-34271

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