气候变化领域集成服务门户(CCPortal): Are tenants willing to pay for energy efficiency? Evidence from a small-scale spatial analysis in Germany

CCPortal

DOI	10.1016/j.enpol.2021.112753
	Are tenants willing to pay for energy efficiency? Evidence from a small-scale spatial analysis in Germany
	März S.; Stelk I.; Stelzer F.
发表日期	2022
ISSN	0301-4215
卷号	161
英文摘要	To address climate change, the decarbonisation of Germany's existing building stock urgently needs to be prioritised. However, the rate and depth of refurbishment has lagged behind official targets for years. This is a particular problem in the rental sector, where the costs and benefits of energy efficiency measures tend to be unevenly distributed between landlords and tenants (the so-called ‘landlord-tenant dilemma’). Within the context of the current policy landscape, investments in energy efficiency consequently make most sense for landlords if the upfront costs can be refinanced via increased rental income or reduced vacant periods. This paper seeks to investigate the validity of this statement at city level by using a large dataset from one of Germany's main internet property platforms to examine how the willingness of tenants to pay for energy efficiency varies across residential locations in the city of Wuppertal. The small-scale spatial analysis highlights the existence of a price premium for energy efficiency in the rental market for apartments; however, this premium is generally small (especially in comparison to other property enhancements, especially visible improvements) or even non-existent in some residential areas. Consequently, investing in energy efficiency is rarely an attractive option for landlords. Therefore, strong policy action, aligned with social and urban development policy objectives, is necessary to establish an effective incentive structure in the market and make investing in energy efficiency more attractive for both landlords and tenants. © 2021
英文关键词	Energy efficiency; Hedonic regression; Rental markets; Spatial regression; Split incentive; Willingness-to-pay (WTP)
语种	英语
scopus关键词	Climate change; Commerce; Correlation methods; Housing; Investments; Large dataset; Spatial variables measurement; Urban growth; Building stocks; Decarbonisation; Hedonic regression; Rental market; Small scale; Spatial analysis; Spatial regression; Split incentives; Willingness to pay; Willingness-to-pay; Energy efficiency; climate change; energy efficiency; energy market; hedonic analysis; policy analysis; regression analysis; rental sector; residential location; spatial analysis; urban development; willingness to pay; Germany; North Rhine-Westphalia; Wuppertal
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256382
作者单位	Urban Transitions, Energy, Transport and Climate Policy, Wuppertal Institute (WI), Doeppersberg 19, Wuppertal, 42103, Germany; Solar Decathlon Europe 21 - Urban Research, University of Wuppertal, Campus Haspel, Pauluskirchstraße 7, Wuppertal, 42285, Germany; Innovation Labs, Sustainable Production and Consumption, Wuppertal Institute (WI), Doeppersberg,19, Wuppertal, 42103, Germany
推荐引用方式 GB/T 7714	März S.,Stelk I.,Stelzer F.. Are tenants willing to pay for energy efficiency? Evidence from a small-scale spatial analysis in Germany[J],2022,161.
APA	März S.,Stelk I.,&Stelzer F..(2022).Are tenants willing to pay for energy efficiency? Evidence from a small-scale spatial analysis in Germany.Energy Policy,161.
MLA	März S.,et al."Are tenants willing to pay for energy efficiency? Evidence from a small-scale spatial analysis in Germany".Energy Policy 161(2022).