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oapen-20.500.12657-434112023-02-01T09:34:29Z EIB Working Papers 2019/02 - How energy audits promote SMEs’ energy efficiency investment (Volume 2019/2) Revoltella, Debora Kalantzis, Fotios European Investment Bank Business & Economics Finance General bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance Energy audits play an important role in promoting energy-efficiency measures in SMEs. This paper uses EIB Investment Survey data about energy audits and energy-efficiency investments of some 12,500 signatures from EU28 Member States per year. It suggests that: Energy audits are a useful tool for overcoming the information barriers and facilitating investments in energy-efficiency measures They are more important for small firms and for investments in things such as such as lighting, wall insulation etc. than in production processes such as the replacement of machinery and equipment The beneficial impact of energy audits ceases to exist, however, when firms are finance constrained Information campaigns are one of the most efficient available instruments among other instruments (regulatory, financial and voluntary agreements) for promoting energy audits in SMEs. 2020-12-15T13:27:24Z 2020-12-15T13:27:24Z 2019 book 9789286142284 https://library.oapen.org/handle/20.500.12657/43411 eng application/pdf n/a external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/865818 https://doi.org/10.2867/865818 66479d04-7b84-49c0-9a4d-db552a3ecc71 b818ba9d-2dd9-4fd7-a364-7f305aef7ee9 9789286142284 Knowledge Unlatched (KU) European Investment Bank Knowledge Unlatched open access
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Energy audits play an important role in promoting energy-efficiency measures in SMEs. This paper uses EIB Investment Survey data about energy audits and energy-efficiency investments of some 12,500 signatures from EU28 Member States per year. It suggests that:
Energy audits are a useful tool for overcoming the information barriers and facilitating investments in energy-efficiency measures
They are more important for small firms and for investments in things such as such as lighting, wall insulation etc. than in production processes such as the replacement of machinery and equipment
The beneficial impact of energy audits ceases to exist, however, when firms are finance constrained
Information campaigns are one of the most efficient available instruments among other instruments (regulatory, financial and voluntary agreements) for promoting energy audits in SMEs.
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