Show simple item record

dc.contributor.authorTaltavull de La Paz, Paloma
dc.contributor.authorPérez Sánchez, Vicente Raúl
dc.contributor.authorMora García, Raúl Tomás
dc.contributor.authorPérez Sánchez, Juan Carlos
dc.identifier.citationTaltavull de La Paz, P.; Perez-Sanchez, V.R.; Mora-Garcia, R.-T.; Perez-Sanchez, J.-C. Green Premium Evidence from Climatic Areas: A Case in Southern Europe, Alicante (Spain). Sustainability 2019, 11,
dc.description.abstractThe existence of a green premium in house (asking) prices in Alicante province, Spain, are analyzed using circa 9000 property observations. In developing the sample, information from energy efficiency certificates was matched with two other databases. The model tests for green premium by climatic zones using pool Ordinary Least Squares (pool-OLS) and Instrumental Variables (IV) hedonic models, adds new knowledge concerning the existence of green premiums from Southern Europe, explores differences in their estimation by climatic zone, debates the nature of the estimated green parameters, and explains the role of endogeneity in hedonic green premium models. The empirical evidence assesses the sensitivity of asking price to either energy consumption (KWh) or carbon dioxide emissions (CO 2 ) with an apparent premium of 3%, and captures an association with efficiency rating from G to F of 1.8% and from F to E of 1.1%. Significantly, the results relating to price responses show a distinct variation between the coast and the cooler climatic zone of the interior. The paper shows that energy efficiency incentive policies should discriminate by climatic areas, and provides a price reference by which to assess the amount of incentives needed to achieve European Union (EU) objectives. © 2019 by the authors.en
dc.publisherMDPI AGes
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional
dc.titleGreen premium evidence from climatic areas: A case in Southern Europe, Alicante (Spain)en
dc.journal.titleSustainability (Switzerland)es
dc.subject.keywordCertificación energéticaes
dc.subject.keywordEdificación residenciales
dc.subject.keywordConsumo energéticoes
dc.subject.keywordPrecio de ventaes
dc.subject.keywordEmisiones de CO2es
dc.subject.keywordAnálisis de mercadoes
dc.subject.unesco3305.14 Viviendases
dc.subject.unesco3305.90 Transmisión de Calor en la Edificaciónes
dc.subject.unesco5311.06 Estudio de Mercadoes
dc.subject.unesco3305.90 Transmisión de Calor en la Edificaciónes

Files in this item


There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record