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Value of co-benefits from energy saving ventilation systems –Contingent valuations on Swiss home owners

Boogen, Nina and Filippini, Massimo and Martinez Cruz, Adan (2022). Value of co-benefits from energy saving ventilation systems –Contingent valuations on Swiss home owners. (S) > Dept. of Forest Economics, Sveriges lantbruksuniversitet. Economics Working Paper Series ; 22/368
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Abstract

Previous efforts exploring options to increase residential sector’s energy efficiency have overlooked that highlighting co-benefits associated with energy efficiency may represent a promising strategy to draw attention from decision makers. For instance, in addition to savings in energy costs, buildings equipped with energy saving and comfort ventilation (ESV) system provide co-benefits such as improved indoor air quality (IAQ), thermal comfort, and noise reduction. These co-benefits are attributes of an experience goods as their value is difficult to appraise unless they have been experienced. This paper estimates the value of these co-benefits by inquiring willingness to accept (WTA) compensation to hold off on using ESV from Swiss owners of Minergie houses, which are equipped with ESV. Average monthly WTA is CHF 181 —value dominated by IAQ. WTA protocols may deliver overestimated values. Thus this paper estimates willingness to pay (WTP) on a sample of owners of conventional houses —i.e. respondents that have not experienced an ESV. Average monthly WTP is CHF 163 —value dominated by presence of allergies at home, an approximation to relevance of IAQ among respondents that have not experienced ESV. A back-of-the-envelope cost-benefit analysis informed with our estimates suggests that monthly benefits from ESV can be as much as twice the costs.

Authors/Creators:Boogen, Nina and Filippini, Massimo and Martinez Cruz, Adan
Title:Value of co-benefits from energy saving ventilation systems –Contingent valuations on Swiss home owners
Series Name/Journal:Economics Working Paper Series
Year of publishing :2022
Number:22/368
Number of Pages:30
Publisher:ETH Zürich
Language:English
Publication Type:Report
Article category:Other scientific
Version:Published version
Full Text Status:Public
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Keywords:Co-benefits of energy efficiency, residential investment decisions, willingness to accept, willingness to pay, Swiss home owners
URN:NBN:urn:nbn:se:slu:epsilon-p-116279
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-p-116279
Alternative URL:https://ethz.ch/content/dam/ethz/special-interest/mtec/cer-eth/cer-eth-dam/documents/working-papers/WP-22-368.pdf
ID Code:27282
Faculty:S - Faculty of Forest Sciences
Department:(S) > Dept. of Forest Economics
Deposited By: SLUpub Connector
Deposited On:09 Mar 2022 14:26
Metadata Last Modified:09 Mar 2022 14:31

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