Determinants of energy efficiency investments in the US

Abadie, Luis M.; Ortiz, Ramón Arigoni; Galarraga, Ibon

doi:10.1016/j.enpol.2012.03.002

Cited by 62 publications

(79 citation statements)

References 10 publications

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“…A preliminary temporal analysis of the use of the three proxies shows a relatively stable distribution over the period in question (Table A2). In the literature, implementations are measured objectively as the implementation rate of external energy efficiency recommendations, e.g., [41,57,58], or as the participation rate in voluntary energy programs, e.g., [18,59]. Implementation is also expressed subjectively as a binary variable (yes or no)…”

Section: Energy Efficiency-definitions and Measures Of The Dependent mentioning

confidence: 99%

“…Nevertheless, the most important financial drivers include investment costs and payback time [41]. Moreover, Anderson, De Dreu, and Nijstad [58] revealed that firms are about 40% more responsive to investment costs than to energy savings (operating costs).…”

Section: Economic Driversmentioning

confidence: 99%

“…Thus, by measuring investments in aborted projects, the investment proxy can over-estimate energy efficiency. Further, not all energy efficiency projects require investments, but rather are incremental improvements [41,65]. In such cases measuring energy efficiency by investment will underestimate the efforts taken by the companies.…”

Section: Energy Efficiency-definitions and Measures Of The Dependent mentioning

confidence: 99%

“…Surprisingly, the first eligible article was not published before 1998. Explanations for this time gap might be that firms first prioritized the "low hanging fruits" [41], and focused on energy-saving activities rather than energy efficiency. Another cause might be that research on energy efficiency started out with the identification of the energy efficiency gap [14] and the barriers hampering the implementation of energy-efficient technologies [49].…”

Section: Publication Trend; Year Journals and Authorsmentioning

confidence: 99%

“…The investment proxy is based on the assumption that technological changes require investments [41,65]. The measure is objective and allows researchers to trace most of the energy efficiency projects in the firm.…”

Section: Energy Efficiency-definitions and Measures Of The Dependent mentioning

confidence: 99%

See 4 more Smart Citations

Closing the Energy Efficiency Gap—A Systematic Review of Empirical Articles on Drivers to Energy Efficiency in Manufacturing Firms

Solnørdal

Foss

2018

Energies

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Abstract:Research has identified an extensive potential for energy efficiency within the manufacturing sector, which is responsible for a substantial share of global energy consumption and greenhouse gas emissions. The purpose of this study is to enhance the knowledge of vital drivers for energy efficiency in this sector by providing a critical and systematic review of the empirical literature on drivers to energy efficiency in manufacturing firms at the firm level. The systematic literature review (SLR) is based on peer-reviewed articles published between 1998 and 2016. The findings reveal that organizational and economic drivers are, from the firms' perspective, the most prominent stimulus for energy efficiency and that they consider policy instruments and market drivers to be less important. Secondly, firm size has a positive effect on the firms' energy efficiency, while the literature is inconclusive considering sectorial impact. Third, the studies are mainly conducted in the US and Western European countries, despite the fact that future increase in energy demand is expected outside these regions. These findings imply a potential mismatch between energy policy-makers' and firm mangers' understanding of which factors are most important for achieving increased energy efficiency in manufacturing firms. Energy policies should target the stimulation of management, competence, and organizational structure in addition to the provision of economic incentives. Further understanding about which and how internal resources, organizational capabilities, and management practices impact energy efficiency in manufacturing firms is needed. Future energy efficiency scholars should advance our theoretical understanding of the relationship between energy efficiency improvements in firms, the related change processes, and the drivers that affect these processes.

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