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Greener homes: an ex-post estimate of the cost of carbon dioxide emission reduction using administrative micro-data from the Republic of Ireland
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%.
History
Publication status
- Published
Journal
Environmental Economics and Policy StudiesISSN
1432-847XPublisher
Springer VerlagExternal DOI
Issue
3Volume
14Page range
219-239Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2013-03-15Usage metrics
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