Greener homes: an ex-post estimate of the cost of carbon dioxide emission reduction using administrative micro-data from the Republic of Ireland

Leahy, Eimear and Tol, Richard S J (2012) Greener homes: an ex-post estimate of the cost of carbon dioxide emission reduction using administrative micro-data from the Republic of Ireland. Environmental Economics and Policy Studies, 14 (3). pp. 219-239. ISSN 1432-847X

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Abstract

We assess the subsidy for the installation of biomass boilers and wood gasification boilers under the Greener Homes Scheme in Ireland. We find that the (implicit) subsidy per tonne of carbon dioxide avoided varies hugely across households. The current policy costs 17% too much for the emissions avoided, or avoids 17% too little for the money spent. The subsidy reduces net social gain (including environmental benefits but excluding producer surplus) by 42%.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: A General Works
Depositing User: Richard Tol
Date Deposited: 15 Mar 2013 08:49
Last Modified: 15 Mar 2013 08:49
URI: http://sro.sussex.ac.uk/id/eprint/44032
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