Environmental motivations behind individuals’ energy efficiency investments and daily energy-saving behaviour: evidence from Germany, the Netherlands and Belgium

Environmental motivations behind individuals’ energy efficiency investments and daily... The impact of environmental motivations on the individual’s decisions regarding investments in energy efficiency and the adoption of energy-saving habits are analysed on the basis of a representative online survey carried out in Belgium, Germany and the Netherlands. Various energy efficiency investments and daily energy-saving activities are considered. Accounting for endogeneity in the basic estimation model, in particular regarding energy conservation activities, the subject’s experience with extreme weather events are used as an instrument for environmental motivations. This study provides empirical evidence that individual energy efficiency investments are generally driven by environmental motivations. Additionally, for the Dutch and the German sub-samples environmental motivations positively affect daily energy-saving activities. The findings suggest that policy programmes aimed at raising environmental awareness and forming pro-environmental motivations can lead to an increase in energy efficiency investments and daily energy-saving activities. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Economics and Economic Policy Springer Journals

Environmental motivations behind individuals’ energy efficiency investments and daily energy-saving behaviour: evidence from Germany, the Netherlands and Belgium

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Publisher
Springer Journals
Copyright
Copyright © 2017 by Springer-Verlag GmbH Germany
Subject
Economics; International Economics; Economic Policy; Macroeconomics/Monetary Economics//Financial Economics; Public Finance
ISSN
1612-4804
eISSN
1612-4812
D.O.I.
10.1007/s10368-017-0381-7
Publisher site
See Article on Publisher Site

Abstract

The impact of environmental motivations on the individual’s decisions regarding investments in energy efficiency and the adoption of energy-saving habits are analysed on the basis of a representative online survey carried out in Belgium, Germany and the Netherlands. Various energy efficiency investments and daily energy-saving activities are considered. Accounting for endogeneity in the basic estimation model, in particular regarding energy conservation activities, the subject’s experience with extreme weather events are used as an instrument for environmental motivations. This study provides empirical evidence that individual energy efficiency investments are generally driven by environmental motivations. Additionally, for the Dutch and the German sub-samples environmental motivations positively affect daily energy-saving activities. The findings suggest that policy programmes aimed at raising environmental awareness and forming pro-environmental motivations can lead to an increase in energy efficiency investments and daily energy-saving activities.

Journal

International Economics and Economic PolicySpringer Journals

Published: Jun 30, 2017

References

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