Apr 2018 – Project reports, Project deliverables
[D 5.1 Draft policy recommendations from micro-level findings (Final revised 19 April 2018)]
Draft BRISKEE policy recommendations (micro level)
Sibylle Braungardt, Benjamin Fries, Martin Kreuzer (Fraunhofer ISI)
Joachim Schleich, Corinne Faure, Xavier Gassmann (Grenoble Ecole de Management GEM)
Michael Hartner, Lukas Kranzl, Andreas Müller (TU Wien)
This report is submitted as deliverable 5.1 in the BRISKEE project with the aim of summarizing the policy recommendations derived from the micro-level analysis that was conducted as part of work package 2.
The BRISKEE project has the objectives of providing evidence-based input to energy efficiency policymaking by investigating the role of household decision-making on three levels:
1) On the micro level, the project provides empirical evidence on the factors that influence investment decisions for energy efficiency technologies in households, in particular focusing on the role of household preferences for time discounting and risk, accounting for possible differences by technologies, household types, and countries.
2) On the meso level, the project explores the impact of time discounting and risk preferences, and of policies affecting those factors on technology diffusion and energy demand in the residential sector in Europe up to 2030. The project uses inputs from the micro-level analysis in order to improve the representation of investment decisions in energy demand modelling tools.
3) On the macro level, BRISKEE explores the long-term macroeconomic impacts of changes in microeconomic decision-making and of energy efficiency policy on employment, GDP and exports in the EU up to 2030.
The objective of this report is to summarize the findings and policy recommendations following from the micro-level analysis relying on the BRISKEE survey. The report is designed as a dynamic document, which will be extended as the project proceeds and will furthermore include the recommendations from the meso-level (deliverable 5.2) and the macro-level (deliverable 5.3).
Section 2 provides an overview of the factors influencing residential investment decisions in energy efficiency that have been treated in previous studies. Section 3 briefly summarizes the approach taken in the BRISKEE survey. Section 4 indicates the results regarding technology adoption and investment criteria. Section 5 summarizes our findings on the role of the energy label in purchase decisions.
Section 6 provides a summary of the econometric analyses and the policy implications derived from the results, including
(i) the factors related to the adoption of energy-efficient technologies;
(ii) the factors related to time preferences, risk preferences, pro-environmental preferences, social norms, and access to capital.
The findings of the econometric analysis of factors related to technology adoption and to preferences are reported in detail in deliverables 2.2 and 2.3.