Work

Can financial literacy Ease energy poverty? Some Lessons at the household level in China

Year: 2024

Type: article

Abstract: Energy poverty and financial literacy are two cross-cutting vital dimensions in sustainable global development. This study examines whether and how financial literacy reduces energy poverty at the household level in China. A two-way fixed regression model demonstrates the catalytic role of financial literacy in eradicating energy poverty. Furthermore, this study identifies potential mechanisms between financial literacy and energy poverty from a mediation and moderation perspective. Financial literacy indirectly and robustly mitigates energy poverty by heightening households' future expectations. However, higher financial risk weakens this facilitating effect on households’ future expectations, as increased financial risk destabilizes household finances. • Financial literacy reduces energy poverty. • Energy poverty is assessed using a multidimensional framework. • Financial literacy is evaluated using a multidimensional framework. • Mechanism analyses are based on the mediation and moderation perspectives.

Source: Utilities Policy

DOI: 10.1016/j.jup.2024.101835

Authors: Miaomiao Tao, Boqiang Lin, Stephen Poletti, Addison Pan

Institutions: University of Auckland, Xiamen University

Language: English

Topic: Energy and Environment Impacts

Subfield: Pollution

Field: Environmental Science

Domain: Physical Sciences

SDGs: No poverty, Affordable and clean energy, Reduced inequalities, Climate action

Open Access status: hybrid

Estimated APC paid: $2,600