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Hilber, Christian A.L. and Palmer, Charles and Pinchbeck, Edward W. (2019) The energy costs of historic preservation. Journal of Urban Economics, 114. ISSN 0094-1190

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We explore the impact of historic preservation policies on domestic energy consumption. Using panel data for England from 2006 to 2013 and employing a fixed effects strategy, we document that (i) rising national energy prices induce an increase in home energy efficiency installations and a corresponding reduction in energy consumption and (ii) this energy saving effect is significantly less pronounced in Conservation Areas and in places with high concentrations of Listed Buildings, where the adoption of energy efficiency installations is typically more costly and sometimes legally prevented altogether. Historic preservation policies increase private energy costs and the social cost of carbon per designated dwelling by around £11,600 ($19,100) and £2,400 ($4,000), respectively. These costs ought to be weighed against any benefits of preservation.

Item Type: Article
Uncontrolled Keywords: Historic preservation; Land use regulation; Energy efficiency Energy consumption; Climate change
Subjects: English > Climate Change Adaptation
Depositing User: Susanna Carlsten
Date Deposited: 03 Dec 2020 12:32
Last Modified: 03 Dec 2020 12:32

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