This paper evaluates a large-scale appliance replacement program
in Mexico that from 2009 to 2012 helped 1.9 million households
replace their old refrigerators and air conditioners with energyefficient
models. Using household-level billing records from the universe of Mexican residential customers, we find that refrigerator replacement reduces electricity consumption by 8 percent, about one-quarter of what was predicted by ex ante analyses. Moreover, we find that air conditioning replacement actually increases electricity consumption. Overall, we find that the program is an expensive way to reduce externalities from energy use, reducing carbon dioxide emissions at a program cost of over $500 per ton.
Davis, Lucas W., Alan Fuchs, and Paul Gertler.
"Cash for Coolers: Evaluating a Large-Scale Appliance Replacement Program in Mexico."
American Economic Journal: Economic Policy,
Appliances; Furniture; Other Consumer Durables
Microeconomic Analyses of Economic Development
Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Energy: Demand and Supply; Prices
Climate; Natural Disasters and Their Management; Global Warming