The economic impact of energy saving retrofits of residential and public buildings in Croatia
| Autor: | Ivana Rašić Bakarić, Davor Mikulić, Sunčana Slijepčević |
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| Rok vydání: | 2016 |
| Předmět: |
Economic growth
Energy products Natural resource economics 020209 energy 02 engineering and technology Management Monitoring Policy and Law Gross value added Investment (macroeconomics) Net present value Tax revenue General Energy 0202 electrical engineering electronic engineering information engineering Government revenue Economics Economic impact analysis Energy saving retrofit Social costs and benefits Input-output multipliers Efficient energy use |
| Zdroj: | Energy Policy. 96:630-644 |
| ISSN: | 0301-4215 |
| Popis: | The purpose of this paper is to estimunate the impact of energy saving investment in residential and public buildings in Croatia for the period 2015–2020. The aim is to assess the overall socio-economic impact of energy saving renovation measures defined in Croatian strategic documents in terms of the direct, indirect and induced growth of gross value added, employment and government revenues. An estimate of the avoided costs of air pollution is also included. The overall economic impact assessment is based on an input-output methodology. From the point of view of individual investors, the benefits in terms of reduced future expenses related to energy products are usually below energy efficient renovation investment costs, making an investment financially viable only if government support is provided. If the benefits for society as a whole are included, energy efficient renovation could be assessed as viable even in the short-run. Energy saving retrofits of residential and public buildings positively contribute to economic growth, employment and protection of the environment. Because of economic growth, the tax revenues induced by these investments could compensate for government expenditures, and the overall impact on the public deficit is expected to be neutral even in the short-run. |
| Databáze: | OpenAIRE |
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