Financing energy efficiency retrofits in Chilean households: the role of financial instruments, savings and uncertainty in energy transition

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dc.contributor.authorSchueftan, Alejandra
dc.contributor.authorAravena, Claudia
dc.contributor.authorReyes Gallardo, René
dc.date.accessioned2022-07-11T01:43:57Z
dc.date.available2022-07-11T01:43:57Z
dc.date.issued2021
dc.description15 Páginases_CL
dc.description.abstractHigh firewood consumption for heating produces high levels of pollution in cities in centraland southern Chile, with serious consequences for health and quality of life. Energy effi-ciency measures (EEMs) have been identified as the best strategy to reduce air pollutionand maximize social benefits. However, their adoption has been slow. The objective of thisarticle is to investigate household preferences for financial incentives needed to promoteprivate investments in EEMs in Central-Southern Chilean households and study the role ofenergy savings and the uncertainty about potential savings in the investment decision, withthe aim of finding solutions to increase the adoption of these technologies. We use a choiceexperiment to explore the trade-off between the investment costs, financial instruments,energy savings, and the uncertainty about achieving the theoretical savings provided byengineering and architectural models. The results show that financial instruments playthe most important role in this decision, followed by the savings achieved by the retrofit.Householders prefer to finance their investments with a mix of their personal resources andmedium-term credits, trying to avoid long-term commitments. Although uncertainty wasfound to be a significant variable, it seems to play a small role in the investment decision.es_CL
dc.identifier.otherhttps://doi.org/10.1016/j.reseneeco.2021.101265
dc.identifier.urihttps://bibliotecadigital.infor.cl/handle/20.500.12220/32048
dc.language.isoenes_CL
dc.publisherElsevier
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectCONVERSION DE ENERGIAes_CL
dc.subjectCONSERVACION DE LA ENERGIAes_CL
dc.subjectFINANCIACIONes_CL
dc.subjectMODERNIZACIONes_CL
dc.subjectLEÑAes_CL
dc.subjectCHILEes_CL
dc.titleFinancing energy efficiency retrofits in Chilean households: the role of financial instruments, savings and uncertainty in energy transitiones_CL
dc.typeArtículo de revista
infor.operadorvpmes_CL
infor.publicadoenResource and Energy Economics 66 (2021) 101265es_CL
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