The energy costs of historic preservation

Christian Hilber, Charles Palmer and Edward Pinchbeck

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We explore the impact of historic 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. Historic preservation policies increase private energy costs and the social cost of carbon per designated dwelling by around £11,600 ($19,100) and £2,400 ($4,000), respectively. These costs ought to be weighed against any benefits of preservation.

Keywords: historic preservation; 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)
Date: 2019-11-07
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Citations: View citations in EconPapers (9)

Published in Journal of Urban Economics, 7, November, 2019, 114. ISSN: 0094-1190

Downloads: (external link)
http://eprints.lse.ac.uk/102141/ Open access version. (application/pdf)

Related works:
Journal Article: The energy costs of historic preservation (2019)
Working Paper: The Energy Costs of Historic Preservation (2017)
Working Paper: The energy costs of historic preservation (2017)
Working Paper: The energy costs of historic preservation (2017)
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