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 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. The energy costs of preservation are substantial.

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)
Pages: 45 pages
Date: 2017-10-16
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:139215

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