Barriers to industrial energy efficiency investments in Greece

This paper sets out to investigate the main determinants of industrial decision-making process with respect to energy efficiency investments. Based on a survey among Greek industries, in the empirical analysis probit models are employed. The results support that an energy saving campaign should regard industries as subgroups with different needs and different managerial aspects. The importance of qualified employees is also established from this survey. An energy conservation framework would be more effective if the diffusion of information with regard to industrial energy saving investments is based on investment in human capital.