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Information programs for technology adoption: the case of energy-efficiency audits
Oleh : Soren T. Anderson , Richard G. Newell, ELSEVIER
Dibuat : 2010-08-25, dengan 1 file
Keyword : Energy efficiency, Information, Technology adoption, Energy audits
We analyze technology adoption decisions of manufacturing plants in response to government-sponsored energy audits. Overall, plants adopt about half of the recommended energy-efficiency projects. Using fixed effects logit estimation, we find that adoption rates are higher for projects with shorter paybacks, lower costs, greater annual savings, higher energy prices, and greater energy conservation. Plants are 40% more responsive to initial costs than annual savings, suggesting that subsidies may be more effective at promoting energy-efficient technologies than energy price in-creases. Adoption decisions imply hurdle rates of 50100%, which is consistent with the investment criteria small and medium-size firms state they use.
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