The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy
Reference:
Longo, A., Markandya, A. and Petrucci, M., 2006. The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy. Working Paper. Fondazione Eni Enrico Mattei.
 | There is a more recent version of this item available. |
Related documents:
This repository does not currently have the full-text of this item.You may be able to access a copy if URLs are provided below.
Official URL:
http://www.feem.it/NR/rdonlyres/548B3F0A-E51E-4E47-9DD5-D375B108AA95/2154/13206.pdf
Abstract
This paper investigates the willingness to pay of a sample of residents of Bath, England, for a hypothetical program that promotes the production of renewable energy. Using choice experiments, we assess the preferences of respondents for a policy for the promotion of renewable energy that (i) contributes to the internalization of the external costs caused by fossil fuel technologies; (ii) affects the security of energy supply; (iii) has an impact on the employment in the energy sector; (iv) and leads to an increase in the electricity bill. Responses to the choice questions show that our respondents are in favour of a policy for renewable energy and that they attach a high value to a policy that brings private and public benefits in terms of climate change and energy security benefits. Our results therefore suggest that consumers are willing to pay a higher price for electricity in order to internalize the external costs in terms of energy security, climate change and air pollution caused by the production of electricity.
Details
| Item Type | Reports/Papers (Working Paper) |
| Creators | Longo, A., Markandya, A. and Petrucci, M. |
| Uncontrolled Keywords | energy policy, valuation of environmental effects, alternative energy sources |
| Departments | Faculty of Humanities & Social Sciences > Economics |
| Status | Published |
| ID Code | 9851 |
Export
Available Versions of this Item
- The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy. (deposited 16 Dec 2008 15:48)[Currently Displayed]
Actions (login required)
| View Item |
