Cost-effective subsidy incentives for room air conditioners in China: An analysis based on a McFadden-type discrete choice model

14791 15 78943 3 218097 document 78943 Fei Guo_RAC Subsidy Paper_IIASA Repository_20170830.pdf application/pdf f2b27d9864b8ac86a023771c6b9ea69f MD5 372990 2017-08-30 09:57:45 https://pure.iiasa.ac.at/id/eprint/14791/1/Fei%20Guo_RAC%20Subsidy%20Paper_IIASA%20Repository_20170830.pdf 14791 1 1 application/pdf text en public cc_by_nc_nd

Fei Guo_RAC Subsidy Paper_IIASA Repository_20170830.pdf

accepted 78944 2 218100 document 78944 lightbox.jpg image/png a145736a7eac473ca227c7e69ebf3061 MD5 37497 2017-08-30 10:08:17 https://pure.iiasa.ac.at/id/eprint/14791/2/lightbox.jpg 14791 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en staffonly

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/78943 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/78943 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/78943 archive 353 disk0/00/01/47/91 2017-08-30 08:37:58 2021-08-27 17:29:18 2017-08-30 08:37:58 article show Guo F. 2120 0000-0001-6415-8083 Pachauri S. 1816 0000-0001-8138-3178 Cofala J. 1460 Cost-effective subsidy incentives for room air conditioners in China: An analysis based on a McFadden-type discrete choice model pub prog_air prog_ene prog_mag Subsidy; Household appliances; Most economic subsidy level; Discrete choice model; China Based on a McFadden-type conditional logit (CL) discrete choice model, this paper estimates the most economic subsidy level (MESL) for room air conditioners (RACs) in China that minimizes the net cost of subsidy per unit of electricity saved. The analysis reveals that, given the current price and efficiency spectrum of RACs in the Chinese market as well as the electricity price and cooling demand of Chinese households, the MESL for RACs in China should be around 60%, which is much higher than the current subsidy level of 5–15%. A sensitivity analysis suggests that the high MESL (60%) is mainly a consequence of relatively low electricity price and household cooling demand in the country. If China's household cooling demand increases further and its electricity price were to rise to a higher level, the MESL for RACs could possibly drop to about 5–15%. As household cooling demand varies among Chinese cities in different climatic zones and at different levels of economic development, the RAC subsidy incentives should be region-specific. With necessary modifications, the method for analysis proposed in this paper can also be applied to other household appliances to prioritize the types of appliances requiring subsidies. 2017-11 published Elsevier 10.1016/j.enpol.2017.08.039 2591 222 55 public Energy Policy 110 375-385 TRUE 0301-4215 FALSE no info:eu-repo/semantics/article