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  • Climate_Policy_and_Transition_Risk_in_the_Housing_Market-1

    Rights statement: This is the author’s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 120, 2023 DOI: 10.1016/j.eneco.2023.106555

    Accepted author manuscript, 4.21 MB, PDF document

    Available under license: CC BY-NC-ND: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License

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Stranded houses?: The price effect of a minimum energy efficiency standard

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Stranded houses? The price effect of a minimum energy efficiency standard. / Ferentinos, Konstantinos; Gibberd, Alex; Guin, Benjamin.
In: Energy Economics, Vol. 120, 106555, 30.04.2023.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Ferentinos, K, Gibberd, A & Guin, B 2023, 'Stranded houses? The price effect of a minimum energy efficiency standard', Energy Economics, vol. 120, 106555. https://doi.org/10.1016/j.eneco.2023.106555

APA

Ferentinos, K., Gibberd, A., & Guin, B. (2023). Stranded houses? The price effect of a minimum energy efficiency standard. Energy Economics, 120, Article 106555. https://doi.org/10.1016/j.eneco.2023.106555

Vancouver

Ferentinos K, Gibberd A, Guin B. Stranded houses? The price effect of a minimum energy efficiency standard. Energy Economics. 2023 Apr 30;120:106555. Epub 2023 Mar 14. doi: 10.1016/j.eneco.2023.106555

Author

Ferentinos, Konstantinos ; Gibberd, Alex ; Guin, Benjamin. / Stranded houses? The price effect of a minimum energy efficiency standard. In: Energy Economics. 2023 ; Vol. 120.

Bibtex

@article{d167fb7e5a884287b85c59368770509a,
title = "Stranded houses?: The price effect of a minimum energy efficiency standard",
abstract = "Climate policies aimed at reducing greenhouse gas emissions can lead to decreases in the values of assets, risking them to become “stranded”. We study the price effects of the introduction of a specific climate policy, a minimum energy efficiency standard, in the housing market. Leveraging a unique data set of the population of all residential house transactions in England and Wales, we show that prices of energy-inefficient properties affected by this policy decreased on average by about £5k to £9k relative to efficient ones. We interpret this evidence as being consistent with semi-strong market efficiency in the housing market.",
keywords = "Climate policy, House prices, Energy efficiency",
author = "Konstantinos Ferentinos and Alex Gibberd and Benjamin Guin",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 120, 2023 DOI: 10.1016/j.eneco.2023.106555",
year = "2023",
month = apr,
day = "30",
doi = "10.1016/j.eneco.2023.106555",
language = "English",
volume = "120",
journal = "Energy Economics",
issn = "0140-9883",
publisher = "Elsevier Science B.V.",

}

RIS

TY - JOUR

T1 - Stranded houses?

T2 - The price effect of a minimum energy efficiency standard

AU - Ferentinos, Konstantinos

AU - Gibberd, Alex

AU - Guin, Benjamin

N1 - This is the author’s version of a work that was accepted for publication in Energy Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Energy Economics, 120, 2023 DOI: 10.1016/j.eneco.2023.106555

PY - 2023/4/30

Y1 - 2023/4/30

N2 - Climate policies aimed at reducing greenhouse gas emissions can lead to decreases in the values of assets, risking them to become “stranded”. We study the price effects of the introduction of a specific climate policy, a minimum energy efficiency standard, in the housing market. Leveraging a unique data set of the population of all residential house transactions in England and Wales, we show that prices of energy-inefficient properties affected by this policy decreased on average by about £5k to £9k relative to efficient ones. We interpret this evidence as being consistent with semi-strong market efficiency in the housing market.

AB - Climate policies aimed at reducing greenhouse gas emissions can lead to decreases in the values of assets, risking them to become “stranded”. We study the price effects of the introduction of a specific climate policy, a minimum energy efficiency standard, in the housing market. Leveraging a unique data set of the population of all residential house transactions in England and Wales, we show that prices of energy-inefficient properties affected by this policy decreased on average by about £5k to £9k relative to efficient ones. We interpret this evidence as being consistent with semi-strong market efficiency in the housing market.

KW - Climate policy

KW - House prices

KW - Energy efficiency

U2 - 10.1016/j.eneco.2023.106555

DO - 10.1016/j.eneco.2023.106555

M3 - Journal article

VL - 120

JO - Energy Economics

JF - Energy Economics

SN - 0140-9883

M1 - 106555

ER -