Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Renewable energy subsidies and adoption Location: Lab 1 Session Chair: Priyanka Dutta, Indian Statistical Institute Delhi Centre | |
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The Role of Information for the Adoption of Heat Pumps: Experimental Evidence for Germany 1: RWI - Leibniz Institute for Economic Research, Germany; 2: Ruhr University Bochum, Germany; 3: Bochum University of Applied Sciences As the heating sector typically accounts for a sizable share of carbon emissions in many countries, a better understanding of the determinants of households’ investment decisions on their heating systems is key for supporting the sector’s decarbonisation. To this end, we conducted a survey experiment among about 1,400 German households in 2023, utilising a Multiple Price List framework with repeated choices between two alternatives: a heat pump and a fossil fuel heating system. The results indicate that the provision of information on operating and investment cost may increase the willingness to pay for a heat pump, compared to a fossil system. Providing additional information on the uncertainty associated with cost projections has a similar effect. In contrast, risk aversion, time preferences and financial literacy are not significantly related to the choice. Our findings suggest that the provision of transparent information on cost can foster the transition to renewable heating solutions if these exhibit a cost advantage. | |