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来源类型 | Article |
规范类型 | 其他 |
DOI | 10.1016/j.enpol.2018.12.033 |
ISBN | 0301-4215 |
Worth the risk? An evaluation of alternative finance mechanisms for residential retrofit. | |
Brown, Donal; Sorrell, Steve; Kivimaa, Paula | |
发表日期 | 2019-05-01 |
出处 | Energy Policy |
出版者 | Elsevier |
出版年 | 2019 |
页码 | 418-430 |
语种 | 英语 |
摘要 | Improving energy efficiency, de-carbonising heating and cooling, and increasing renewable microgeneration in existing residential buildings, is crucial for meeting social and climate policy objectives. This paper explores the challenges of financing this ‘retrofit’ activity. First, it develops a typology of finance mechanisms for residential retrofit highlighting their key design features, including: the source of capital; the financial instrument(s); the project performance requirements; the point of sale; the nature of the security and underwriting the repayment channel and customer journey. Combining information from interviews and documentary sources, the paper explores how these design features influence the success of the finance mechanisms in different contexts. First, it is shown that a low cost of capital for retrofit finance is critical to the economic viability of whole-house retrofits. Second, by funding non-energy measures such as general improvement works, finance mechanisms can enable broader sources of value that are more highly prized by households. Thirdly, mechanisms that reduce complexity by simplifying the customer journey are likely to achieve much higher levels of uptake. Most importantly we discuss how finance alone is unlikely to be a driver of demand for whole-house retrofit, and so instead should be viewed as a necessary component of a much broader retrofit strategy. |
关键词 | Energy efficiency, Finance, Retrofit, Split incentives, Domestic buildings, Cost of capital |
URL | http://sro.sussex.ac.uk/id/eprint/81343/ |
来源智库 | Science Policy Research Unit (United Kingdom) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/469202 |
推荐引用方式 GB/T 7714 | Brown, Donal,Sorrell, Steve,Kivimaa, Paula. Worth the risk? An evaluation of alternative finance mechanisms for residential retrofit.. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
Worth the risk - Ene(694KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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