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Preprints, Working Papers, ... Year : 2023

Zero-Interest Green Loans and Home Energy Retrofits: Evidence from France

Abstract

We evaluate a zero-interest green loan (ZIGL) program implemented in 2009 to encourage home energy retrofits in France. We find eligibility to the program had a 20-22% impact on the extensive margin of investment and 3-5% on the intensive one, but only in the first two years. The effect is most significant for low-income homeowners, which suggests credit constraints are an important barrier to energy efficiency. Using banking data to investigate the post-2011 failure, we find suggestive evidence that banks exploited prospective borrowers’ incomplete information to sell them their own loan products in- stead of a ZIGL.
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Dates and versions

hal-03585110 , version 1 (23-02-2022)
hal-03585110 , version 2 (13-07-2023)

Identifiers

  • HAL Id : hal-03585110 , version 2

Cite

Ilya Eryzhenskiy, Louis-Gaëtan Giraudet, Mariona Segú. Zero-Interest Green Loans and Home Energy Retrofits: Evidence from France. 2023. ⟨hal-03585110v2⟩
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