Climate policy without a price signal: Evidence on the implicit carbon price of energy efficiency in buildings

A-Tier
Journal: Journal of Environmental Economics and Management
Year: 2022
Volume: 111
Issue: C

Authors (2)

Lang, Ghislaine (not in RePEc) Lanz, Bruno (Université de Neuchâtel)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Based on data for a portfolio of 548 multi-unit buildings observed over 16 years, we quantify the impacts of more than 400 energy efficiency interventions among 239 treated buildings. We exploit variation in the timing of investments to provide evidence that treated and control buildings follow the same trend in the absence of energy efficiency investments, and use staggered difference-in-differences regressions to document building-level energy savings, CO2 abatement, and heating expenditure reductions. Our results show that a ranking of interventions based on realized energy savings yields substantially different priorities as compared to a ranking of implicit carbon prices, with estimates of frequently subsidized measures (such as wall insulation and windows replacement) well in excess of available benefit estimates for avoided emissions.

Technical Details

RePEc Handle
repec:eee:jeeman:v:111:y:2022:i:c:s0095069621001121
Journal Field
Environment
Author Count
2
Added to Database
2026-01-25