Application of cumulative prospect theory in understanding energy retrofit decision: A study of homeowners in the Netherlands

Retrofitting residential buildings can help mitigate the effects of climate change. Cognitive biases are systematic deviations from rationality in decision making and can lead to inaction, delay, and uncertain decisions. Understanding the cognitive biases involved in residential renovation decisions and developing interventions to overcome...

Municipal governance and energy retrofitting of owner-occupied homes in the Netherlands

The building sector is responsible for more than one-third of global greenhouse gas (GHG) emissions. The Netherlands has set an ambitious target to reduce GHG emissions by 95% by 2050 compared to the 1990 baseline. Several factors, such as low retrofitting rates, lead to uncertainties in achieving these targets. In the residential sector, the...

Exploring key risks of energy retrofit of residential buildings in China with transaction cost considerations

Energy retrofit of residential buildings is an approach to reduce worldwide energy consumption. Residential energy retrofitting in China mostly focuses on multi-owner residential buildings with composite ownership that dozens of private homeowners own their apartment and jointly own the common parts of a building. The implementation of...