9789286150487.pdf
When they consider investing in energy efficiency measures many firms focus only on direct energy savings and do not consider non-energy benefits that include increased labour productivity. To date, due to lack of high-quality data, few studies have attempted to quantify the effects of energy effici...
| Γλώσσα: | English |
|---|---|
| Έκδοση: |
European Investment Bank
2021
|
| id |
oapen-20.500.12657-50086 |
|---|---|
| record_format |
dspace |
| spelling |
oapen-20.500.12657-500862023-01-31T18:35:35Z EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? Niczyporuk, Hanna Kalantzis, Fotios European Investment Bank Business & Economics Economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics When they consider investing in energy efficiency measures many firms focus only on direct energy savings and do not consider non-energy benefits that include increased labour productivity. To date, due to lack of high-quality data, few studies have attempted to quantify the effects of energy efficiency investments on firm-level outcomes other than reductions in energy consumption. This paper overcomes this barrier by using novel data from the EIB Investment survey of firms in the EU and the United Kingdom for the years 2018-2019. It studies the relationship between the energy efficiency investment and the labour productivity of European firms, utilising an instrumental variables methodology to account for potential endogeneity. The results show a positive and causal relationship between energy efficiency investment and labour productivity. The findings of the paper suggest that firms can benefit much more from the energy efficiency investment than what is often assumed, and highlight a need for government policies that would increase firms' awareness of these non-energy benefits. 2021-07-15T03:31:50Z 2021-07-15T03:31:50Z 2021 book 9789286150487 https://library.oapen.org/handle/20.500.12657/50086 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 9789286150487.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/391269 https://doi.org/10.2867/391269 66479d04-7b84-49c0-9a4d-db552a3ecc71 9789286150487 Knowledge Unlatched (KU) European Investment Bank open access |
| institution |
OAPEN |
| collection |
DSpace |
| language |
English |
| description |
When they consider investing in energy efficiency measures many firms focus only on direct energy savings and do not consider non-energy benefits that include increased labour productivity. To date, due to lack of high-quality data, few studies have attempted to quantify the effects of energy efficiency investments on firm-level outcomes other than reductions in energy consumption. This paper overcomes this barrier by using novel data from the EIB Investment survey of firms in the EU and the United Kingdom for the years 2018-2019. It studies the relationship between the energy efficiency investment and the labour productivity of European firms, utilising an instrumental variables methodology to account for potential endogeneity. The results show a positive and causal relationship between energy efficiency investment and labour productivity. The findings of the paper suggest that firms can benefit much more from the energy efficiency investment than what is often assumed, and highlight a need for government policies that would increase firms' awareness of these non-energy benefits. |
| title |
9789286150487.pdf |
| spellingShingle |
9789286150487.pdf |
| title_short |
9789286150487.pdf |
| title_full |
9789286150487.pdf |
| title_fullStr |
9789286150487.pdf |
| title_full_unstemmed |
9789286150487.pdf |
| title_sort |
9789286150487.pdf |
| publisher |
European Investment Bank |
| publishDate |
2021 |
| _version_ |
1771297476865687552 |
