By Ray Galvin
Germany is visible as a pace-setter in thermal retrofit coverage and perform, yet how powerful is its technique? A severe Appraisal of Germany's Thermal Retrofit Policy examines this coverage in context and assesses its effectiveness. It reveals that technical constraints and the prices of retrofitting decrease the speed of growth, whereas making plans underestimates the effect of consumer habit within the kind of rebound and prebound results. A key discovering is that reductions may be maximized inside a coverage that knows the particular habit and motivation of families, the world the place such a lot strength reductions are already taking place.
The ebook indicates a brand new coverage paradigm that will motivate a greater stability of partial and complete retrofits, using loved ones habit alterations in keeping with a greater knowing of gasoline saving motivation and gas expense elasticity. during this technique, the thermal construction laws will be made extra versatile in order that policymakers would:
- advertise partial, transitional and cost-optimal retrofits, that are extra sure to pay again via gas rate reductions in the event that they are acceptable to construction typology and home-owner budgets.
- advertise accomplished retrofits for purposes except fiscal achieve, focusing as a substitute at the convenience and environmental advantages of energy-efficient homes.
- make investments extra seriously in instructing families to warmth economically, studying from the prebound impression with a view to maximize the application of the houses they presently occupy, and base payback time calculations on genuine consumption.
The effects and findings of this publication will be of curiosity to policymakers, researchers and graduate scholars alike.
Read Online or Download A Critical Appraisal of Germany's Thermal Retrofit Policy: Turning Down the Heat PDF
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Additional info for A Critical Appraisal of Germany's Thermal Retrofit Policy: Turning Down the Heat
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These actions do not reflect ‘rational’ economic behavior of seeking the lowest price for the most benefit. 12% of all the UK energy customers (mostly low-income or in debt) are on pre-pay meters and pay higher energy prices than if they were on a contract. Data from Brutscher (2010) indicate that such households like to make frequent and small top-ups regardless of the increased energy tariffs or income level, possibly due to liquidity constraints and loss aversion. UK policy instruments such as Smart Meters are also based on the rational choice models that assume people make decisions based on rational processing of information.