EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency?
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...
Gorde:
| Egile Nagusiak: | , |
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| Formatua: | Online |
| Hizkuntza: | ingelesa |
| Argitaratua: |
European Investment Bank
2021
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| Gaiak: | |
| Sarrera elektronikoa: | OCN: 1263775127 |
| Etiketak: |
Etiketarik gabe, Izan zaitez lehena erregistro honi etiketa jartzen!
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| _version_ | 1869518407336984576 |
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| author | Niczyporuk, Hanna Kalantzis, Fotios |
| author_browse | Kalantzis, Fotios Niczyporuk, Hanna |
| author_facet | Niczyporuk, Hanna Kalantzis, Fotios |
| author_sort | Niczyporuk, Hanna |
| collection | Directory of Open Access Books |
| 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. |
| format | Online |
| id | doab-20.500.12854ir-71341 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | European Investment Bank |
| publisherStr | European Investment Bank |
| record_format | ojs |
| spelling | doab-20.500.12854ir-713412025-07-30T18:58:14Z 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 thema EDItEUR::K Economics, Finance, Business and 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. 2021-07-16T02:02:10Z 2021-07-16T02:02:10Z 2021-07-15T03:31:50Z 2021 book OCN: 1263775127 https://library.oapen.org/handle/20.500.12657/50086 9789286150487 https://directory.doabooks.org/handle/20.500.12854/71341 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/50086/1/9789286150487.pdf https://library.oapen.org/bitstream/20.500.12657/50086/1/9789286150487.pdf https://library.oapen.org/bitstream/20.500.12657/50086/1/9789286150487.pdf https://library.oapen.org/bitstream/20.500.12657/50086/1/9789286150487.pdf https://library.oapen.org/bitstream/20.500.12657/50086/1/9789286150487.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/391269 https://doi.org/10.2867/391269 feca012f-a3d8-4aac-95aa-b6cf4bdbed7c 9789286150487 Knowledge Unlatched (KU) KU Open Services European Investment Bank open access |
| spellingShingle | Business & Economics Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics Niczyporuk, Hanna Kalantzis, Fotios EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title | EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title_full | EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title_fullStr | EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title_full_unstemmed | EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title_short | EIB Working Paper 2021/07 - Can European businesses achieve productivity gains from investments in energy efficiency? |
| title_sort | eib working paper 2021 07 can european businesses achieve productivity gains from investments in energy efficiency |
| topic | Business & Economics Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics |
| topic_facet | Business & Economics Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics |
| url | OCN: 1263775127 |
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