globalchange  > 过去全球变化的重建
DOI: 10.1016/j.eneco.2019.01.033
WOS记录号: WOS:000474681100061
论文题名:
Modeling energy efficiency insurances and energy performance contracts for a quantitative comparison of risk mitigation potential
作者: Toeppel, Jannick1,2; Traenkler, Timm2,3
通讯作者: Traenkler, Timm
刊名: ENERGY ECONOMICS
ISSN: 0140-9883
EISSN: 1873-6181
出版年: 2019
卷: 80, 页码:842-859
语种: 英语
英文关键词: Energy efficiency investment ; Energy performance contract ; Energy efficiency insurance ; Financial risk mitigation ; Energy efficiency risk management
WOS关键词: SPACE HEATING EXPENDITURES ; CLIMATE-CHANGE ; PROSPECT-THEORY ; SERVICE COMPANIES ; LOSS AVERSION ; SAVINGS ; MARKET ; DEMAND ; ECONOMICS ; INDUSTRY
WOS学科分类: Economics
WOS研究方向: Business & Economics
英文摘要:

Financial risk mitigation via Energy Performance Contracting or Energy Efficiency Insurances may overcome individual barriers for energy efficiency investments. However, while the financial industry, and especially insurance companies, may have compelling reasons to get involved in energy efficiency investments, the research on and real-world applications of risk transfer contracts for private decision-makers are scarce. Thus, this study quantitatively compares the risk mitigation potential of risk transfer contracts based on a comprehensive energy bill savings forecast model comprising stochastic processes for weather, commodity prices, and technological energy efficiency performance. The model is fitted with a unique dataset for German residential buildings. Our findings indicate that risk transfer contracts positively affect individual decision-makers' willingness to invest in energy efficiency. Generally, we find Energy Performance Contracts to be superior in most scenarios when transaction costs are not considered. However, insurance companies may benefit from diversification effects and by ceding risks to global capital markets and reinsurance companies. (C) 2019 Elsevier B.V. All rights reserved.


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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/136874
Appears in Collections:过去全球变化的重建

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作者单位: 1.Univ Appl Sci, Augsburg, Germany
2.Fraunhofer FIT, Project Grp Business & Informat Syst Engn, Univ Str 12, D-86159 Augsburg, Germany
3.Univ Augsburg, FIM Res Ctr, Univ Str 12, D-86159 Augsburg, Germany

Recommended Citation:
Toeppel, Jannick,Traenkler, Timm. Modeling energy efficiency insurances and energy performance contracts for a quantitative comparison of risk mitigation potential[J]. ENERGY ECONOMICS,2019-01-01,80:842-859
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