Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal
This article investigates the impact of fiscal and financial incentives for energy efficiency labels on eco-friendly houses (houses with high energy efficiency certificates, such as A+, A, B, and B−) in 18 municipalities in the Lisbon metropolitan region during the period 2014–2020. The empirical re...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-02-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/16/4/1839 |
| _version_ | 1811153850538655744 |
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| author | Matheus Koengkan José Alberto Fuinhas Magdalena Radulescu Emad Kazemzadeh Nooshin Karimi Alavijeh Renato Santiago Mônica Teixeira |
| author_facet | Matheus Koengkan José Alberto Fuinhas Magdalena Radulescu Emad Kazemzadeh Nooshin Karimi Alavijeh Renato Santiago Mônica Teixeira |
| author_sort | Matheus Koengkan |
| collection | DOAJ |
| description | This article investigates the impact of fiscal and financial incentives for energy efficiency labels on eco-friendly houses (houses with high energy efficiency certificates, such as A+, A, B, and B−) in 18 municipalities in the Lisbon metropolitan region during the period 2014–2020. The empirical results indicate that the variables of fiscal incentive policies for energy efficiency labels, income per capita, credit agreements for the purchase or construction of a house, and the number of completed dwellings in new constructions for family housing encourage eco-friendly houses. In contrast, the variable number of completed reconstructions per 100 completed new constructions has a negative impact. Although this study is constrained by data limitations resulting from the short period under analysis and the moderate number of municipalities available, it advances the discussions around energy efficiency in residential properties in Portugal. Furthermore, it investigates the effectiveness of tax incentive policies for energy efficiency seals as an instrument for promoting ecological houses in the municipalities of the Lisbon metropolitan area. Thus, the need to study the Portuguese capital stands out as it is the most populous city in the country and concentrates a large part of the economic activity. |
| first_indexed | 2024-03-11T08:52:39Z |
| format | Article |
| id | doaj.art-3a9d9b9685e740ba9241c7bfcdee3776 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-11T08:52:39Z |
| publishDate | 2023-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-3a9d9b9685e740ba9241c7bfcdee37762023-11-16T20:18:32ZengMDPI AGEnergies1996-10732023-02-01164183910.3390/en16041839Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—PortugalMatheus Koengkan0José Alberto Fuinhas1Magdalena Radulescu2Emad Kazemzadeh3Nooshin Karimi Alavijeh4Renato Santiago5Mônica Teixeira6University of Coimbra Institute for Legal Research (UCILeR), University of Coimbra, 3000-018 Coimbra, PortugalFaculty of Economics, Centre for Business and Economics Research (CeBER), University of Coimbra, 3004-512 Coimbra, PortugalDepartment of Finance, Accounting and Economics, University of Pitesti, 110040 Pitesti, RomaniaDepartment of Economics, Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 1357, IranDepartment of Economics, Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad 1357, IranSchool of Economics and Management, Lusófona do Porto University, R. de Augusto Rosa 24, 4000-098 Porto, PortugalDepartment of Economics, Federal Fluminense University, Niteroi, Rio de Janeiro 24220-900, BrazilThis article investigates the impact of fiscal and financial incentives for energy efficiency labels on eco-friendly houses (houses with high energy efficiency certificates, such as A+, A, B, and B−) in 18 municipalities in the Lisbon metropolitan region during the period 2014–2020. The empirical results indicate that the variables of fiscal incentive policies for energy efficiency labels, income per capita, credit agreements for the purchase or construction of a house, and the number of completed dwellings in new constructions for family housing encourage eco-friendly houses. In contrast, the variable number of completed reconstructions per 100 completed new constructions has a negative impact. Although this study is constrained by data limitations resulting from the short period under analysis and the moderate number of municipalities available, it advances the discussions around energy efficiency in residential properties in Portugal. Furthermore, it investigates the effectiveness of tax incentive policies for energy efficiency seals as an instrument for promoting ecological houses in the municipalities of the Lisbon metropolitan area. Thus, the need to study the Portuguese capital stands out as it is the most populous city in the country and concentrates a large part of the economic activity.https://www.mdpi.com/1996-1073/16/4/1839eco-friendly houseseconometricsenergy economicsenergy efficiencyincentive policiesLisbon |
| spellingShingle | Matheus Koengkan José Alberto Fuinhas Magdalena Radulescu Emad Kazemzadeh Nooshin Karimi Alavijeh Renato Santiago Mônica Teixeira Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal Energies eco-friendly houses econometrics energy economics energy efficiency incentive policies Lisbon |
| title | Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal |
| title_full | Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal |
| title_fullStr | Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal |
| title_full_unstemmed | Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal |
| title_short | Assessing the Role of Financial Incentives in Promoting Eco-Friendly Houses in the Lisbon Metropolitan Area—Portugal |
| title_sort | assessing the role of financial incentives in promoting eco friendly houses in the lisbon metropolitan area portugal |
| topic | eco-friendly houses econometrics energy economics energy efficiency incentive policies Lisbon |
| url | https://www.mdpi.com/1996-1073/16/4/1839 |
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