This paper extends the literature on energy-related financial literacy by examining its role in collective energy retrofit investment decisions in Soviet-era countries, which suffer from suboptimal levels of these investments, purportedly due to a lack of energy-specific knowledge and financial skills as well as low levels of trust. We investigate whether energy-related financial literacy and trust help explain collective energy retrofit investment decisions of typical Soviet-built multi-dwelling buildings in the case of Lithuania. Using unique survey data from Lithuania, we find that individuals' willingness to invest in multi-dwelling building energy retrofits is positively associated with individuals' general financial literacy, energy literacy, and energy-related financial literacy. Furthermore, we show that individuals' trust in institutions that are directly involved in the house-retrofitting process is an important predictor for multi-dwelling building energy retrofit decisions.

本文通过研究其在苏联时代国家的集体能源改造投资决策中的作用，扩展了与能源相关的金融知识的文献，这些国家的这些投资水平不理想，据称是由于缺乏能源特定知识和金融技能以及低水平的信任。我们调查了与能源相关的金融知识和信任是否有助于解释立陶宛案例中典型的苏联建造的多住宅建筑的集体能源改造投资决策。使用来自立陶宛的独特调查数据，我们发现个人投资多户住宅建筑能源改造的意愿与个人的一般金融知识、能源知识和与能源相关的金融知识呈正相关。此外，我们表明个人的