Ecological-behavioral economics: Impact of information on energy-renovation decision through third-party investing

Belaid Fateh and Véronique Flambard

Ecological Economics, 2024, vol. 221, issue C

Abstract: Energy renovation faces critical challenges due to upfront costs and operational complexities, impeding its widespread adoption. Some strategies have initiated a groundbreaking economic model featuring a third-party payment mechanism. Under this innovative scheme, households redirect their energy bill savings to a third-party operator to fund renovation projects. In this study, employing a controlled laboratory experiment, we examine the diversity in preferences regarding this government policy and investigate the influence of informational tools on individuals' intentions to participate in the program. Our findings reveal that households with a strong environmental orientation, a penchant for risk-taking, and more altruistic and patient are more inclined to express interest in this program. Surprisingly, information designed to activate social norms and instill confidence in government intervention does not significantly enhance adoption intentions. Our experiment offers valuable methodological insights that can inform the implementation of effective energy renovation initiatives.

Keywords: Energy renovation; Energy efficiency; Social norms; Behavioral interventions; Behavioral economics; Climate policy (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800924000934
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Ecological-behavioral economics: Impact of information on energy-renovation decision through third-party investing (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:221:y:2024:i:c:s0921800924000934

DOI: 10.1016/j.ecolecon.2024.108196

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().