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Policy instruments and self-reported impacts of the adoption of energy saving technologies in the DACH region

Michael Peneder (), Spyros Arvanitis (), Christian Rammer, Tobias Stucki and Martin Wörter
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Tobias Stucki: Bern University of Applied Sciences
Martin Wörter: ETH Zürich, KOF Swiss Economic Institute

Authors registered in the RePEc Author Service: Martin Woerter ()

Empirica, 2022, vol. 49, issue 2, No 5, 369-404

Abstract: Abstract Using a large sample of enterprises from a survey that was simultaneously conducted in Germany, Austria and Switzerland, we study the self-reported impacts of the adoption of “green” energy saving and related technologies (GETs). Our specific interest is in how different policy instruments associate with energy efficiency, the reduction of $$\hbox {CO}_{2}$$ CO 2 emissions, and competitiveness at the firm level. A first set of equations tracks how policy relates to the adoption of green energy technologies in distinct areas such as production, transport, buildings, ICT or renewables. In a second set of equations, we test the perceived impacts of adoption by the managers of the firms. The results confirm a differentiated pattern of varied transmission mechanisms through which policy can affect energy efficiency and $$\hbox {CO}_{2}$$ CO 2 emissions, while on average having a neutral impact on the firms’ competitiveness. Further, discarding the conventional dichotomy between incentive-based versus command-and-control type instruments, the results suggest to pursue a comprehensive policy mix, where standards, taxes and subsidies each capitalize on different transmission mechanisms.

Keywords: Environmental policy; Energy efficiency; Technology adoption; Innovation; Porter hypothesis (search for similar items in EconPapers)
JEL-codes: O13 O25 O33 Q48 Q55 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10663-021-09517-6

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