000			01295nam a22001577a 4500
999			_c521847 _d521847
008			230228b ||||| |||| 00| 0 eng d
100			_aBerkouwer, Susanna B. and Dean, Joshua T. _937769
245			_aCredit, attention, and externalities in the adoption of energy efficient technologies by low-income households
260			_aThe American Economic Review
300			_a112(10), Oct, 2022: p.3291-3330
520			_aWe study an energy efficient charcoal cookstove in an experiment with 1,000 households in Nairobi. We estimate a 39 percent reduction in charcoal spending, which matches engineering estimates, generating a 295 percent annual return. Despite fuel savings of $237 over the stove's two-year lifespan—and $295 in emissions reductions—households are only willing to pay $12. Drawing attention to energy savings does not increase demand. However, a loan more than doubles willingness to pay: credit constraints prevent adoption of privately optimal technologies. Energy efficient technologies could drive sustainable development by slowing greenhouse emissions while saving households money. – Reproduced
650			_aEnergy efficient technologies, Low-income households _937770
773			_aThe American Economic Review
906			_aENERGY RESOURCES
942			_cAR