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DOI10.1073/pnas.2309372121
The visual effect of wind turbines on property values is small and diminishing in space and time
Guo, Wei; Wenz, Leonie; Auffhammer, Maximilian
发表日期2024
ISSN0027-8424
EISSN1091-6490
起始页码121
结束页码13
卷号121期号:13
英文摘要Renewable power generation is the key to decarbonizing the electricity system. Wind power is the fastest -growing renewable source of electricity in the United States. However, expanding wind capacity often faces local opposition, partly due to a perceived visual disamenity from large wind turbines. Here, we provide a US -wide assessment of the externality costs of wind power generation through the visibility impact on property values. To this end, we create a database on wind turbine visibility, combining information on the site and height of each utility -scale turbine having fed power into the U.S. grid, with a high -resolution elevation map to account for the underlying topography of the landscape. Building on hedonic valuation theory, we statistically estimate the impact of wind turbine visibility on home values, informed by data from the majority of home sales in the United States since 1997. We find that on average, wind turbine visibility negatively affects home values in an economically and statistically significant way in close proximity (<5 miles/8 km). However, the effect diminishes over time and in distance and is indistinguishable from zero for larger distances and toward the end of our sample.
英文关键词renewable energy; economic valuation; statistical analysis; climate change mitigation
语种英语
WOS研究方向Science & Technology - Other Topics
WOS类目Multidisciplinary Sciences
WOS记录号WOS:001207666600002
来源期刊PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/294026
作者单位Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC); Potsdam Institut fur Klimafolgenforschung; University of California System; University of California Berkeley; National Bureau of Economic Research
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Guo, Wei,Wenz, Leonie,Auffhammer, Maximilian. The visual effect of wind turbines on property values is small and diminishing in space and time[J],2024,121(13).
APA Guo, Wei,Wenz, Leonie,&Auffhammer, Maximilian.(2024).The visual effect of wind turbines on property values is small and diminishing in space and time.PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA,121(13).
MLA Guo, Wei,et al."The visual effect of wind turbines on property values is small and diminishing in space and time".PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES OF THE UNITED STATES OF AMERICA 121.13(2024).
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