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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
journal contributionposted on 2023-06-08, 14:36 authored by Eimear Leahy, Richard TolRichard Tol
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%.
JournalEnvironmental Economics and Policy Studies
Department affiliated with
- Economics Publications
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