Risks and Uncertainties Associated with Residential Energy Efficiency Investments

Stevens, David P.; Adan, Hassan; Brounen, Dirk; Decoo, Wilfried; Fuerst, Franz; Kavarnou, Dimitra; Singh, Ram Karan

doi:10.2139/ssrn.3254854

Cited by 6 publications

(6 citation statements)

References 30 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The goal of administrative procedure simplification is to lessen the complexity and unpredictability of regulatory requirements as well as the administrative difficulties they impose. Other obstacles include subpar project design, installation delays, a lack of facility knowledge, subpar equipment design, and subpar performance [45,46]. Additionally, there may be regulatory risks related to the (unfavorable) outcomes of changing governmental regulations.…”

Section: Housing With Low Energy Use In Nigeria: the Barriersmentioning

confidence: 99%

Drivers, Enablers, Barriers and Technologies (DEBT) For Low-Energy Public Housing Delivery in Nigeria

Yusuf

Kehinde

2023

ARASET

View full text Add to dashboard Cite

Nigeria, as a developing country, has vast and varied energy resources, both renewable and non-renewable. In spite of these resources, an estimated 75% of her population of close to 200 million faces serious energy poverty problems due to shortfalls in energy supply compared to its energy demand. Consequently, a large portion of the population lives without access to adequate electricity. Hence, the country encounters unprecedented struggles with incessant power outages, unemployment, a low human development index (HDI), and poverty. This paper examines the drivers, enablers, barriers, and technological considerations for low-energy integration in the provision of housing for Nigeria's huge population. The objective is to harness the varied energy resources to aid in the delivery of environmentally friendly and sustainable housing in a developing economy such as Nigeria. This is critical in light of rising energy costs, environmental degradation, global warming, greenhouse gas emissions, and energy consumption. Reduced energy use in housing is highlighted as a critical issue in environmental management. The paper highlighted several factors that need to be appropriately addressed for a paradigm shift to low-energy integration to achieve sustainable housing delivery in Nigeria. It recommends the application of energy conservation measures in mass housing construction, the full exploitation and promotion of renewable energy resources, and energy efficiency practices in housing provision, among others. The paper concludes that these should be given adequate attention during planning, designing, and delivering sustainable housing.

show abstract

Section: Housing With Low Energy Use In Nigeria: the Barriersmentioning

confidence: 99%

Drivers, Enablers, Barriers and Technologies (DEBT) For Low-Energy Public Housing Delivery in Nigeria

Yusuf

Kehinde

2023

ARASET

View full text Add to dashboard Cite

show abstract

“…According to Sorrell (2011), all investment barriers related to energy efficiency and RES can be summarized in 7 main groups: Risk, lack of information, hidden costs, access to capital, principal/agent, bounded rationality and biases against energy efficiency investments due to loss-aversion or status quo bias. Stevens et al (2018) classifies risks as either quantifiable (e.g. financial) or non-quantifiable (e.g.…”

Section: Literature Reviewmentioning

confidence: 99%

EU Financial Instruments in Practice: SMEs’ investments in energy efficiency and renewable energy in Croatia

Celic

Lenz

2022

IJEEP

View full text Add to dashboard Cite

In the context of the EU development strategy based on a climate neutral economy by 2050, an important dilemma for policy makers is how to provide an incentive for companies, especially small and medium-sized enterprises (SMEs), to make energy efficiency and renewable energy projects their high priority. The aim of this paper is to provide an independent empirical assessment of EU financial instruments and its barriers, used by SMEs targeting energy efficiency and renewable energy. Ex-Ante evaluation was carried out on a sample of 320 SMEs in Istria County, Croatia. The results of the empirical research suggest that despite of a low interest of investors in green projects, the use of the innovative financial instrument would significantly contribute to an increase in the number and value of investments in energy efficiency and renewables. Similar to most of other studies, our results also confirmed that administrative and bureaucratic barriers are perceived as the biggest obstacle for SMEs. It is therefore necessary to reduce the number of bodies involved, improve the quality of information dissemination and simplify procedures.

show abstract

“…Thirdly, uncertainty of earnings due to fluctuations in energy prices or electricity tariffs causes ESCOs to walk away from projects. Using a fixed energy price as the basis for savings calculations may hedge the price uncertainty with the consequence of a lower profit if there are higher energy prices in the future (Larsen et al, 2017;Stevens et al, 2019).…”

Section: Review Of Global Instruments For Energy Efficiencymentioning

confidence: 99%

Financing of Energy Efficiency in Public Goods: The Case of Street Lighting Systems in Indonesia

Irsyad

Anggono

Nepal

et al. 2021

Economics, Law, and Institutions in Asia Pacific

View full text Add to dashboard Cite

The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Working papers are subject to formal revision and correction before they are finalized and considered published.

show abstract

Risks and Uncertainties Associated with Residential Energy Efficiency Investments

Cited by 6 publications

References 30 publications

Drivers, Enablers, Barriers and Technologies (DEBT) For Low-Energy Public Housing Delivery in Nigeria

Drivers, Enablers, Barriers and Technologies (DEBT) For Low-Energy Public Housing Delivery in Nigeria

EU Financial Instruments in Practice: SMEs’ investments in energy efficiency and renewable energy in Croatia

Financing of Energy Efficiency in Public Goods: The Case of Street Lighting Systems in Indonesia

Contact Info

Product

Resources

About