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Abstract For 118 million residential housing units in the U.S., there is currently a gap between the potential energy savings that can be achieved through the use of existing energy efficiency technologies, and the actual level of energy savings realized, particularly for the 37% of housing units that are considered residential rental properties. Additional quantifiable benefits are needed beyond energy savings to help further motivate residential property owners to invest in energy efficiency upgrades. This research focuses on assessing the adoption of energy efficient upgrades in U.S. residential housing and the impact on rental prices. Ten U.S. cities are chosen for analysis; these cities vary in size across multiple climate zones, and represent a diverse set of housing market conditions. Data was collected for over 159,000 rental property listings, their characteristics, and their energy efficiency measures listed in rental housing postings across each city. Following an extensive data quality control process, over thirty different types energy efficient features were identified. The level of adoption was determined for each city, ranging from 5.3% to 21.6%. Efficient lighting and appliances were among the most common, with many features doubling as energy efficient and other desirable aesthetic or comfort improvements. Then using propensity score matching and conditional mean comparison methods, the relative impact on rent charged in each city was calculated, which ranged from a 6% to 14.1% increase in rent for properties with energy efficient features, demonstrating a positive economic impact of these features, particularly for property owners. This was further subdivided into five types of energy efficiency upgrade and three housing types. Single family homes generally demanded higher premiums with energy efficient features, however there was not a consistent pattern across the types of efficient upgrades. The results of this work demonstrate that investment in energy efficient technologies has quantifiable benefits for rental property owners in the U.S. beyond just energy savings. This methodology and results can also be used in other cities and by property owners, utility companies, or others, ultimately encouraging further investment and positive economic impact in residential energy efficiency and in turn improving energy and resource conservation in the building sector.

Abstract For 118 million residential housing units in the U.S., there is currently a gap between the potential energy savings that can be achieved through the use of existing energy efficiency technologies, and the actual level of energy savings realized, particularly for the 37% of housing units that are considered residential rental properties. Additional quantifiable benefits are needed beyond energy savings to help further motivate residential property owners to invest in energy efficiency upgrades. This research focuses on assessing the adoption of energy efficient upgrades in U.S. residential housing and the impact on rental prices. Ten U.S. cities are chosen for analysis; these cities vary in size across multiple climate zones, and represent a diverse set of housing market conditions. Data was collected for over 159,000 rental property listings, their characteristics, and their energy efficiency measures listed in rental housing postings across each city. Following an extensive data quality control process, over thirty different types energy efficient features were identified. The level of adoption was determined for each city, ranging from 5.3% to 21.6%. Efficient lighting and appliances were among the most common, with many features doubling as energy efficient and other desirable aesthetic or comfort improvements. Then using propensity score matching and conditional mean comparison methods, the relative impact on rent charged in each city was calculated, which ranged from a 6% to 14.1% increase in rent for properties with energy efficient features, demonstrating a positive economic impact of these features, particularly for property owners. This was further subdivided into five types of energy efficiency upgrade and three housing types. Single family homes generally demanded higher premiums with energy efficient features, however there was not a consistent pattern across the types of efficient upgrades. The results of this work demonstrate that investment in energy efficient technologies has quantifiable benefits for rental property owners in the U.S. beyond just energy savings. This methodology and results can also be used in other cities and by property owners, utility companies, or others, ultimately encouraging further investment and positive economic impact in residential energy efficiency and in turn improving energy and resource conservation in the building sector.

The oil industry is extremely important to China's overall economic growth, fiscal stability and international trade. But oil industry reforms have been undertaken slowly and gradually. In 1994 the government reimposed central control over its oil industry by fixing the price of crude and petroleum products, and channelling virtually all sales through state agencies. This move marks a temporary retreat from the ongoing experiment with oil deregulation, which picked up speed since 1992. For as long as it lasts, this renewed central recontrol over oil prices and distribution will create increased uncertainty for foreign participation.

The oil industry is extremely important to China's overall economic growth, fiscal stability and international trade. But oil industry reforms have been undertaken slowly and gradually. In 1994 the government reimposed central control over its oil industry by fixing the price of crude and petroleum products, and channelling virtually all sales through state agencies. This move marks a temporary retreat from the ongoing experiment with oil deregulation, which picked up speed since 1992. For as long as it lasts, this renewed central recontrol over oil prices and distribution will create increased uncertainty for foreign participation.

The present study is motivated by the need to decouple economic growth from environmental degradation given the new wave of chase for higher economic growth trajectories comes with its environmental cost implications, especially among developing blocs like the Emerging 7 (E7) countries. There is a consistent trade-off between economic growth versus environmental quality. Government apparatus are perpetually on the chase for low-carbon emission policies via the pursuit for green economy. To this end, this present study extends the conventional environmental Kuznets curve (EKC) argument by incorporating the role of institution in emerging industrialized economies (E7) and using second-generation panel analysis methods like mean group (MG), augmented mean group (AMG), common correlated effects mean group (CCEMG), and the Dumitrescu and Hurlin causality test for more robust estimates and inferences. To this end, we explore the long-run and causality relationship between economic growth, quadratic form of economic growth, institutional quality, trade flow, investment in energy sector, and financial development in an EKC environment. Empirical analysis established a long-run equilibrium relationship among the outlined variables over the study period. The long-run regression shows the presence of EKC in the E7. Thus, suggesting the preference for GDP growth over environmental quality at the earlier stage of growth curve. Interestingly, investment in energy, trade flow dynamics across the blocs, and financial development dampens the detrimental effect of environmental pollution as we observed negative relationship with the ecological footprint. On the contrary, quality of institution is weak as institutional quality increase (worsen) the quality of environment in the E7 economies. From a policy perspective, this current study proposed the need for more stringent environmental treaties and regulations and promotion of green economy without compromising economic growth. In the conclusion part of the study, more details and specifics about the policy blueprint are presented.

The present study is motivated by the need to decouple economic growth from environmental degradation given the new wave of chase for higher economic growth trajectories comes with its environmental cost implications, especially among developing blocs like the Emerging 7 (E7) countries. There is a consistent trade-off between economic growth versus environmental quality. Government apparatus are perpetually on the chase for low-carbon emission policies via the pursuit for green economy. To this end, this present study extends the conventional environmental Kuznets curve (EKC) argument by incorporating the role of institution in emerging industrialized economies (E7) and using second-generation panel analysis methods like mean group (MG), augmented mean group (AMG), common correlated effects mean group (CCEMG), and the Dumitrescu and Hurlin causality test for more robust estimates and inferences. To this end, we explore the long-run and causality relationship between economic growth, quadratic form of economic growth, institutional quality, trade flow, investment in energy sector, and financial development in an EKC environment. Empirical analysis established a long-run equilibrium relationship among the outlined variables over the study period. The long-run regression shows the presence of EKC in the E7. Thus, suggesting the preference for GDP growth over environmental quality at the earlier stage of growth curve. Interestingly, investment in energy, trade flow dynamics across the blocs, and financial development dampens the detrimental effect of environmental pollution as we observed negative relationship with the ecological footprint. On the contrary, quality of institution is weak as institutional quality increase (worsen) the quality of environment in the E7 economies. From a policy perspective, this current study proposed the need for more stringent environmental treaties and regulations and promotion of green economy without compromising economic growth. In the conclusion part of the study, more details and specifics about the policy blueprint are presented.

Abstract Social acceptance of innovative technologies is a key element of an effective transition towards more sustainable energy economies. However, innovative technologies like genetic modification also tend to spark controversy and backlash. So far, efforts to inform the public about any risks and benefits of novel technologies not only have struggled to foster acceptance but also neglect the interdependent foundations of consumer decision-making. Through a controlled experiment with German consumers (N = 322), we examine whether consumer support and rejection of genetic modification in bioenergy crops is influenced by the statements and actions of actors throughout the supply chain. In specific, we show that the decision of energy companies to sell and support GM bioenergy positively impacts consumer decisions to support. To ensure that decision outcomes were specifically impacted by the expressions of corporate actors, we controlled for the content and valence of information by random assignment to one of three treatments in which participants received positive, negative, or balanced (risks and benefits) information. We find that negative messaging diminished support and increased rejection relative to the other treatments. Lastly, the statements and actions of corporate actors also exerted an indirect influence on consumer decisions through their interactions with social trust and labels, e.g. greater support by farmers had a positive influence only for those who are more generally trustworthy. Given these results, we anticipate more attention to the importance of actors such as farmers and energy companies for the social acceptance of novel technologies in the energy sphere.

Abstract Social acceptance of innovative technologies is a key element of an effective transition towards more sustainable energy economies. However, innovative technologies like genetic modification also tend to spark controversy and backlash. So far, efforts to inform the public about any risks and benefits of novel technologies not only have struggled to foster acceptance but also neglect the interdependent foundations of consumer decision-making. Through a controlled experiment with German consumers (N = 322), we examine whether consumer support and rejection of genetic modification in bioenergy crops is influenced by the statements and actions of actors throughout the supply chain. In specific, we show that the decision of energy companies to sell and support GM bioenergy positively impacts consumer decisions to support. To ensure that decision outcomes were specifically impacted by the expressions of corporate actors, we controlled for the content and valence of information by random assignment to one of three treatments in which participants received positive, negative, or balanced (risks and benefits) information. We find that negative messaging diminished support and increased rejection relative to the other treatments. Lastly, the statements and actions of corporate actors also exerted an indirect influence on consumer decisions through their interactions with social trust and labels, e.g. greater support by farmers had a positive influence only for those who are more generally trustworthy. Given these results, we anticipate more attention to the importance of actors such as farmers and energy companies for the social acceptance of novel technologies in the energy sphere.

Abstract The technology heterogeneity in the construction industry causes difficulties for an unbiased evaluation of safety performance. The non-parametric and two-hierarchy frontier data envelopment analysis (DEA) model was constructed according to the inputs and outputs of China’s provincial construction industry in 2017. Safety performance and its potential as well as undesirable output potential were analyzed from the aspect of technology gap and management efficiency. The results showed that the average safety performance in China's provincial construction industry was calculated to be 0.715, which was caused by technology gap and management efficiency. Northwest China has good performance in technology gap ratio and Central China performs well in management efficiency. Meanwhile, the strategies to improve safety performance in China's provincial construction industry were developed. In addition, potential of the safety technology gap and safety management efficiency took up 70.18% and 29.82% in terms of the undesirable output control. East, Central, South and Southwest China are the main areas needing to strengthen accident prevention practice. The findings can be used to help scholars understand the condition of safety performance in China's provincial construction industry, and provide guidelines to evaluate the performance in construction safety considering production technology heterogeneity.