Are consumers willing to pay more for residential energy efficiency in emergent markets

作者: Felipe Encinas , Carlos Ramiro Marmolejo Duarte , Francisco Sánchez , Carlos Aguirre , None

DOI: 10.5821/CTV.8131

关键词: Residential energyWillingness to payEfficient energy useRegression analysisEconomicsPublic policyLabour economicsReal estateContingent valuationPublic economicsStock (geology)

摘要: In most of the countries, energy efficiency has been delegated to dynamics real estate markets, after regulating a minimum legal (although not optimal) level. So, it is expected that high efficient housing stock receives market premium that, at least, equals over-cost invested in improved thermal insulation and more appliances. Theoretically, under such mechanism developers are fostered promote sustainable schemes. Nonetheless, question whether residential users do pay for remains be explored emergent markets where green labelling still legally implemented. This paper explores impact energetic on demand’s willingness Santiago de Chile. doing so contingent valuation approach used order extract structure preferences different levels houses. Results reveal significant proportion respondents willing (WTP) quantity surpasses cost investment. The results regression model aimed explain factors lay behind WTP suggest positively influenced by: income level (indirectly measured by price range requested house), educational demographics, being households with small children who most. These have important implications design public policies improve new developments.

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