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Claus Michelsen and Sebastian Rosenschon
''The Effects of Building Energy Codes in Rental Housing: The German Experience''
( 2012, Vol. 32 No.4 )
This paper investigates the effect of building energy codes on housings' real energy consumption. We argue that building codes should have a twofold effect: lower levels of energy consumption after its implementation and decreasing energy requirements over time, because tighter building codes induce technical progress in the construction sector. We find evidence for both aspects. Based on a large and unique sample of energy certificates from Germany, this study is the first that deals with the empirical effects of energy efficiency standards in apartment/rental housing. Moreover, it is the first, which includes different stages of regulation.
Keywords: building energy codes, residential space heating energy consumption, green buildings, rental housing
JEL: R3 - Production Analysis and Firm Location: General
Q4 - Energy: General
Manuscript Received : Nov 08 2012 Manuscript Accepted : Dec 27 2012

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