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This paper analyzes the drivers for and barriers to the adoption of energy efficient technologies among a sample of firms based in Viet Nam, the Philippines, and Moldova. The current debate on the fight against climate change emphasizes the need to adopt environmentally friendly measures at the global level. We therefore need to better understand the obstacles to the adoption of energy saving measures, especially in developing countries. By applying discrete choice modeling techniques, we find that firms’ internal management and organizational factors rather than top-down or other external market conditions increase firms’ likelihood to invest in energy efficient technologies. Moreover, experience in the adoption of energy efficient technologies and the commitment of top management are also crucial in this regard.
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- Factors affecting the adoption of energy efficiency in the manufacturing sector of developing countries
- Springer Netherlands
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