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The energy costs of historic preservation

Hiber, C. A. L., Palmer, C. and Pinchbeck, E. ORCID: 0000-0002-5638-3923 (2019). The energy costs of historic preservation. Journal of Urban Economics, 114, 103197.. doi: 10.1016/j.jue.2019.103197

Abstract

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.

Publication Type: Article
Additional Information: © Elsevier 2019. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
Publisher Keywords: Historic preservation, land use regulation, energy efficiency, energy consumption, climate change
Subjects: D History General and Old World > D History (General)
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Departments: School of Arts & Social Sciences > Economics
URI: http://openaccess.city.ac.uk/id/eprint/23050
[img] Text - Accepted Version
This document is not freely accessible until 7 November 2020 due to copyright restrictions.
Available under License Creative Commons Attribution Non-commercial No Derivatives.

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