气候变化领域集成服务门户(CCPortal): Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective

CCPortal

DOI	10.1016/j.enpol.2021.112616
	Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective
	Rockstuhl S.; Wenninger S.; Wiethe C.; Häckel B.
发表日期	2021
ISSN	0301-4215
卷号	159
英文摘要	Promoting energy efficiency is an important element of environmentally friendly energy policy and necessary to avert climate change. In this context, understanding the investment decision-making of individuals is important to develop and implement effective policy instruments. Literature analyzing decision-making of energy efficiency investments and especially the influence of connected risk finishes with two different conclusions, i.e., analyzes risk from two different perspectives. First, studies within the investment perspective describe investment risk, caused by volatile future energy bill savings, as a key barrier for energy efficiency investments. Second, studies within the energy bill perspective argue that energy efficiency is reducing energy price exposure and the resulting decrease of overall risk is described as investment promoting. This dichotomy in risk perception is the focus of our study. With the help of a theoretical model as well as a case study based on real-world data of the German retrofitting market, we analyze how the contrary perspectives influence expected utility, i.e., decision-making. Thereby, we find that decision-makers invest more in energy efficiency when evaluating from the energy bill perspective and derive important implications for environmentally friendly energy policymaking. © 2021 Elsevier Ltd
英文关键词	Case study; Energy efficiency; Expected utility theory; Risk evaluation
语种	英语
scopus关键词	Climate change; Energy policy; Investments; Risk perception; Case-studies; Decisions makings; Energy bills; Energy efficiency investments; Expected utility theory; Future energies; Investment decision making; Investment risks; Policy instruments; Risk evaluation; Energy efficiency; decision making; energy conservation; energy efficiency; energy policy; investment; numerical model; policy implementation; policy making; risk perception
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/256497
作者单位	Project Group Business & Information Systems Engineering of the Fraunhofer FIT, Universitätsstr. 12, Augsburg, 86159, Germany; FIM Research Center, University of Augsburg, Universitätsstr. 12, Augsburg, 86159, Germany; FIM Research Center, University of Applied Sciences Augsburg, An der Hochschule 1, Augsburg, 86161, Germany
推荐引用方式 GB/T 7714	Rockstuhl S.,Wenninger S.,Wiethe C.,et al. Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective[J],2021,159.
APA	Rockstuhl S.,Wenninger S.,Wiethe C.,&Häckel B..(2021).Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective.Energy Policy,159.
MLA	Rockstuhl S.,et al."Understanding the risk perception of energy efficiency investments: Investment perspective vs. energy bill perspective".Energy Policy 159(2021).