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Energy efficiency – The daily blog of behavioral and cognitive economics

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Energy efficiency – The daily blog of behavioral and cognitive economics

How does the perceived environmental impact influence appliance choice?

Private residences account for 27% of total electricity consumption worldwide. The main uses of this percentage of electricity are heating, household appliances, water heating, space cooling, cooking and lighting. In the context of the European Union, household appliances and electrical appliances that are responsible for performing these functions, mostly have an energy label that follows a specific framework created by the EU. With this labeling, the EU aims to provide clear and simple information on energy-related products, so that consumers can make informed choices and, consequently, reduce their energy bills while contributing to mitigating climate change. ….[READ]

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