Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community

Empowering citizens is the most effective way in order to make effective decisions to speed up energy conservation in residential sector. The aim of this study is to investigate the impact of economic and financial literacy on energy literacy and energy awareness in the north west of Iran. The study...

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Main Authors: Davoud Hamidi Razi, Reza Ranjpour, Mohammad Ali Motafakker Azad
Format: Article
Language:English
Published: Iranian Association for Energy Economics 2021-08-01
Series:Environmental Energy and Economic Research
Subjects:
Online Access:https://www.eeer.ir/article_130425_b98cc960b2b1cdae7b819c6551437d70.pdf
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author Davoud Hamidi Razi
Reza Ranjpour
Mohammad Ali Motafakker Azad
author_facet Davoud Hamidi Razi
Reza Ranjpour
Mohammad Ali Motafakker Azad
author_sort Davoud Hamidi Razi
collection DOAJ
description Empowering citizens is the most effective way in order to make effective decisions to speed up energy conservation in residential sector. The aim of this study is to investigate the impact of economic and financial literacy on energy literacy and energy awareness in the north west of Iran. The study population consisted of employees and professors of universities in the three provinces of East Azerbaijan, West Azerbaijan and Ardabil that were completed and analyzed 500 questionnaires after sampling. According to the results of Logit model, economic and financial literacy had a significant and positive effect on energy literacy index (selection of heating systems A and B) and energy awareness (energy bills or costs awareness) and the result was confirmed in all the estimation models for three carriers. As the area of the house’s infrastructure area increases, energy literacy increases. Education and age have a negative and positive effect on energy awareness, respectively. The results suggest that investing in promoting energy-related economic and financial literacy for citizens to stimulate energy savings.
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spelling doaj-art-a100d63ac48c4cacb858dfe9e9bb964f2025-07-12T12:06:28ZengIranian Association for Energy EconomicsEnvironmental Energy and Economic Research2538-49882676-49972021-08-015311410.22097/eeer.2021.277525.1189130425Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic CommunityDavoud Hamidi Razi0Reza Ranjpour1Mohammad Ali Motafakker Azad2University of Tabriz, Tabriz, IranUniversity of Tabriz, Tabriz, IranUniversity of Tabriz, Tabriz, IranEmpowering citizens is the most effective way in order to make effective decisions to speed up energy conservation in residential sector. The aim of this study is to investigate the impact of economic and financial literacy on energy literacy and energy awareness in the north west of Iran. The study population consisted of employees and professors of universities in the three provinces of East Azerbaijan, West Azerbaijan and Ardabil that were completed and analyzed 500 questionnaires after sampling. According to the results of Logit model, economic and financial literacy had a significant and positive effect on energy literacy index (selection of heating systems A and B) and energy awareness (energy bills or costs awareness) and the result was confirmed in all the estimation models for three carriers. As the area of the house’s infrastructure area increases, energy literacy increases. Education and age have a negative and positive effect on energy awareness, respectively. The results suggest that investing in promoting energy-related economic and financial literacy for citizens to stimulate energy savings.https://www.eeer.ir/article_130425_b98cc960b2b1cdae7b819c6551437d70.pdfenergy literacyenergy awarenesseconomic literacyenergy conservationdiscrete models
spellingShingle Davoud Hamidi Razi
Reza Ranjpour
Mohammad Ali Motafakker Azad
Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
Environmental Energy and Economic Research
energy literacy
energy awareness
economic literacy
energy conservation
discrete models
title Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
title_full Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
title_fullStr Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
title_full_unstemmed Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
title_short Energy Literacy and Energy-related Financial Literacy in Iran: Case of Northwestern Academic Community
title_sort energy literacy and energy related financial literacy in iran case of northwestern academic community
topic energy literacy
energy awareness
economic literacy
energy conservation
discrete models
url https://www.eeer.ir/article_130425_b98cc960b2b1cdae7b819c6551437d70.pdf
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AT rezaranjpour energyliteracyandenergyrelatedfinancialliteracyinirancaseofnorthwesternacademiccommunity
AT mohammadalimotafakkerazad energyliteracyandenergyrelatedfinancialliteracyinirancaseofnorthwesternacademiccommunity