The recent evolution of energy performance premiums in Barcelona
Decarbonization of buildings is a key step in curbing global Greenhouse Gas (GHG) emissions. In Europe such a goal has envisaged several policies including the creation of market incentives to foster energy retrofits and the construction of efficient homes. Energy Performance Certificates aimed to r...
| Autores: | , , , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2025 |
| País: | España |
| Institución: | Universitat Politècnica de Catalunya (UPC) |
| Repositorio: | UPCommons. Portal del coneixement obert de la UPC |
| Idioma: | inglés |
| OAI Identifier: | oai:upcommons.upc.edu:2117/449101 |
| Acceso en línea: | https://hdl.handle.net/2117/449101 https://dx.doi.org/10.1016/j.enbuild.2025.116738 |
| Access Level: | acceso abierto |
| Palabra clave: | Dwellings -- Energy conservation -- Spain -- Barcelona Metropolitan Area COVID-19 (Disease) Housing -- Prices -- Spain -- Barcelona Metropolitan Area Energy efficiency Hedonic price models EPC Barcelona Housing Habitatges -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana) COVID-19 (Malaltia) Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana) Àrees temàtiques de la UPC::Urbanisme Àrees temàtiques de la UPC::Desenvolupament humà i sostenible |
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The recent evolution of energy performance premiums in BarcelonaMarmolejo Duarte, Carlos Ramiro|||0000-0001-7051-7337Espinoza Zambrano, Paúl Andrés|||0000-0003-4346-8917Biere Arenas, Rolando Mauricio|||0000-0003-1872-7104Chen, AiDwellings -- Energy conservation -- Spain -- Barcelona Metropolitan AreaCOVID-19 (Disease)Housing -- Prices -- Spain -- Barcelona Metropolitan AreaEnergy efficiencyHedonic price modelsEPCBarcelonaHousingHabitatges -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana)COVID-19 (Malaltia)Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana)Àrees temàtiques de la UPC::UrbanismeÀrees temàtiques de la UPC::Desenvolupament humà i sostenibleDecarbonization of buildings is a key step in curbing global Greenhouse Gas (GHG) emissions. In Europe such a goal has envisaged several policies including the creation of market incentives to foster energy retrofits and the construction of efficient homes. Energy Performance Certificates aimed to reduce information asymmetries may help to create market premiums for efficient dwellings. While extant research has focused in proving the existence of such premiums little attention has been paid to learn on their evolution. The events occurred in 2020–2023 period represent an exceptional opportunity to explore whether a better understanding of home deficiencies due to the COVID-19 lockdown and the boom of energy prices produced by Ukraine invasion have affected the marginal price of energy efficiency. In doing so a set of hedonic models have been calibrated using selling apartments in Metropolitan Barcelona. Results suggest that the market premiums have unevenly arose in the different housing segments, being sharper in that targeted to low-income population. By creating brown discounts for the main assets of lest affluent population socioeconomic gaps are being enlarged. Such findings have relevant implications in critically assessing energy and housing policies.Peer ReviewedElsevier20262026-01-0120252025-12-12journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/449101https://dx.doi.org/10.1016/j.enbuild.2025.116738reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)InglésengAgencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 PID2019-104561RB-I00 ALLENDE LOS EPC. REQUERIMIENTOS, POTENCIAL Y RIESGOS DE LAS HIPOTECAS DE EFICIENCIA ENERGETICA EN LA PROMOCION RESIDENCIAL EFICIENTE E IMPACTO DE LOS NZEB EN LOS VALORESopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial 4.0 Internationalhttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/4491012026-05-27T15:37:01Z |
| dc.title.none.fl_str_mv |
The recent evolution of energy performance premiums in Barcelona |
| title |
The recent evolution of energy performance premiums in Barcelona |
| spellingShingle |
The recent evolution of energy performance premiums in Barcelona Marmolejo Duarte, Carlos Ramiro|||0000-0001-7051-7337 Dwellings -- Energy conservation -- Spain -- Barcelona Metropolitan Area COVID-19 (Disease) Housing -- Prices -- Spain -- Barcelona Metropolitan Area Energy efficiency Hedonic price models EPC Barcelona Housing Habitatges -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana) COVID-19 (Malaltia) Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana) Àrees temàtiques de la UPC::Urbanisme Àrees temàtiques de la UPC::Desenvolupament humà i sostenible |
| title_short |
The recent evolution of energy performance premiums in Barcelona |
| title_full |
The recent evolution of energy performance premiums in Barcelona |
| title_fullStr |
The recent evolution of energy performance premiums in Barcelona |
| title_full_unstemmed |
The recent evolution of energy performance premiums in Barcelona |
| title_sort |
The recent evolution of energy performance premiums in Barcelona |
| dc.creator.none.fl_str_mv |
Marmolejo Duarte, Carlos Ramiro|||0000-0001-7051-7337 Espinoza Zambrano, Paúl Andrés|||0000-0003-4346-8917 Biere Arenas, Rolando Mauricio|||0000-0003-1872-7104 Chen, Ai |
| author |
Marmolejo Duarte, Carlos Ramiro|||0000-0001-7051-7337 |
| author_facet |
Marmolejo Duarte, Carlos Ramiro|||0000-0001-7051-7337 Espinoza Zambrano, Paúl Andrés|||0000-0003-4346-8917 Biere Arenas, Rolando Mauricio|||0000-0003-1872-7104 Chen, Ai |
| author_role |
author |
| author2 |
Espinoza Zambrano, Paúl Andrés|||0000-0003-4346-8917 Biere Arenas, Rolando Mauricio|||0000-0003-1872-7104 Chen, Ai |
| author2_role |
author author author |
| dc.subject.none.fl_str_mv |
Dwellings -- Energy conservation -- Spain -- Barcelona Metropolitan Area COVID-19 (Disease) Housing -- Prices -- Spain -- Barcelona Metropolitan Area Energy efficiency Hedonic price models EPC Barcelona Housing Habitatges -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana) COVID-19 (Malaltia) Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana) Àrees temàtiques de la UPC::Urbanisme Àrees temàtiques de la UPC::Desenvolupament humà i sostenible |
| topic |
Dwellings -- Energy conservation -- Spain -- Barcelona Metropolitan Area COVID-19 (Disease) Housing -- Prices -- Spain -- Barcelona Metropolitan Area Energy efficiency Hedonic price models EPC Barcelona Housing Habitatges -- Estalvi d'energia -- Catalunya -- Barcelona (Àrea metropolitana) COVID-19 (Malaltia) Habitatge -- Preus -- Catalunya -- Barcelona (Àrea metropolitana) Àrees temàtiques de la UPC::Urbanisme Àrees temàtiques de la UPC::Desenvolupament humà i sostenible |
| description |
Decarbonization of buildings is a key step in curbing global Greenhouse Gas (GHG) emissions. In Europe such a goal has envisaged several policies including the creation of market incentives to foster energy retrofits and the construction of efficient homes. Energy Performance Certificates aimed to reduce information asymmetries may help to create market premiums for efficient dwellings. While extant research has focused in proving the existence of such premiums little attention has been paid to learn on their evolution. The events occurred in 2020–2023 period represent an exceptional opportunity to explore whether a better understanding of home deficiencies due to the COVID-19 lockdown and the boom of energy prices produced by Ukraine invasion have affected the marginal price of energy efficiency. In doing so a set of hedonic models have been calibrated using selling apartments in Metropolitan Barcelona. Results suggest that the market premiums have unevenly arose in the different housing segments, being sharper in that targeted to low-income population. By creating brown discounts for the main assets of lest affluent population socioeconomic gaps are being enlarged. Such findings have relevant implications in critically assessing energy and housing policies. |
| publishDate |
2025 |
| dc.date.none.fl_str_mv |
2025 2025-12-12 2026 2026-01-01 |
| dc.type.none.fl_str_mv |
journal article http://purl.org/coar/resource_type/c_6501 VoR http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.openaire.fl_str_mv |
info:eu-repo/semantics/article |
| format |
article |
| dc.identifier.none.fl_str_mv |
https://hdl.handle.net/2117/449101 https://dx.doi.org/10.1016/j.enbuild.2025.116738 |
| url |
https://hdl.handle.net/2117/449101 https://dx.doi.org/10.1016/j.enbuild.2025.116738 |
| dc.language.none.fl_str_mv |
Inglés eng |
| language_invalid_str_mv |
Inglés |
| language |
eng |
| dc.relation.none.fl_str_mv |
Agencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 PID2019-104561RB-I00 ALLENDE LOS EPC. REQUERIMIENTOS, POTENCIAL Y RIESGOS DE LAS HIPOTECAS DE EFICIENCIA ENERGETICA EN LA PROMOCION RESIDENCIAL EFICIENTE E IMPACTO DE LOS NZEB EN LOS VALORES |
| dc.rights.none.fl_str_mv |
open access http://purl.org/coar/access_right/c_abf2 Attribution-NonCommercial 4.0 International http://creativecommons.org/licenses/by-nc/4.0/ |
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info:eu-repo/semantics/openAccess |
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open access http://purl.org/coar/access_right/c_abf2 Attribution-NonCommercial 4.0 International http://creativecommons.org/licenses/by-nc/4.0/ |
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openAccess |
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application/pdf |
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Elsevier |
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Elsevier |
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reponame:UPCommons. Portal del coneixement obert de la UPC instname:Universitat Politècnica de Catalunya (UPC) |
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Universitat Politècnica de Catalunya (UPC) |
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