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DTSTART;TZID=Europe/Berlin:20240611T093000
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UID:10000048-1718098200-1718103600@test.whatworksclimate.solutions
SUMMARY:Meta-analysis on the efficacy of behavioral\, information and economic strategies in increasing energy-efficiency adoption among households
DESCRIPTION:Investments in energy efficiency are critical for a net-zero electricity system but are hindered by the ‘energy-efficiency gap’. Primary studies have evaluated the efficacy of various strategies in overcoming this gap and increasing adoption of energy efficient appliances by households\, but a systematic evaluation of the evidence is missing with existing reviews focusing primarily on the size of the energy efficiency gap or energy usage. This machine learning assisted\, mixed methods review summarizes evidence from 60 experimental and quasi-experimental studies that look at the impact of informational\, behavioral\, and monetary interventions on willingness to pay for energy efficient appliances\, market share of efficient appliances\, and the subsequent savings in energy consumption. The meta-analysis of studies on willingness to pay\, finds a small to medium\, statistically significant effect of the different interventions in increasing adoption of efficient appliances but the heterogeneity analysis using Bayesian Model Averaging suggests that real world impact might be lower. It also remains unclear whether the small increase in sales of efficient appliances translates to an actual reduction in energy consumption of households. Despite the hopes we do not find strong evidence that the studied interventions can result in the large amounts of energy demand reductions required for meeting climate goals.
URL:https://test.whatworksclimate.solutions/presentation/meta-analysis-on-the-efficacy-of-behavioral-information-and-economic-strategies-in-increasing-energy-efficiency-adoption-among-households/
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