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The Energy Costs of Historic Preservation

Christian Hilber (), Charles Palmer () and Edward Pinchbeck

SERC Discussion Papers from Spatial Economics Research Centre, LSE

Abstract: We explore the impact of historical preservation policies on domestic energy consumption. Using panel data for England from 2006 to 2013 and employing a fixed effects-strategy, we document that (i) rising national energy prices induce an increase in home energy efficiency installations and a corresponding reduction in energy consumption and (ii) this energy saving effect is significantly less pronounced in Conservation Areas and in places with high concentrations of Listed Buildings, where the adoption of energy efficiency installations is typically more costly and sometimes legally prevented altogether. Preservation policies increase private energy costs and the social cost of carbon per designated dwelling by around £8,000 and £2,550, respectively. These costs ought to be weighed against any benefits of preservation.

Keywords: preservation policies; land use regulation; energy efficiency; energy consumption; climate change (search for similar items in EconPapers)
JEL-codes: Q48 Q54 R38 R52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
Date: 2017-07
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Related works:
Working Paper: The energy costs of historic preservation (2017) Downloads
Working Paper: The energy costs of historic preservation (2017) Downloads
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