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DOI10.1016/j.eneco.2024.107301
Willingness to pay for renewables: Insights from a meta-analysis of choice experiments
Cerda, Emilio; Lopez-Otero, Xiral; Quiroga, Sonia; Solino, Mario
发表日期2024
ISSN0140-9883
EISSN1873-6181
起始页码130
卷号130
英文摘要Renewable energy policies contribute to solving some of the current environmental challenges, such as climate change mitigation and decarbonization, and people around the world are usually willing to pay for a greater presence of renewable energies. That willingness to pay (WTP) can be translated into a gain in social well-being. But not all renewables are equally valued, nor do all people experience the same gain in terms of well-being. Over the last 25 years, many choice experiments have focused on analyzing social preferences for different external effects associated with renewables. This article presents a meta-analysis of choice experiments to examine the evidence on WTP for renewable energies. We examined 63 articles across 28 countries, with a total sample of 52,948 participants and 84,821 observations. We used three econometric approaches (Generalized Least Squares, Weighted Least Squares, and a Panel Data Model) to estimate the willingness to pay of households for renewables around the world. Results show that the promotion of renewable energies is socially demanded, with an average minimum WTP of between euro113 and euro124 per household per year. The results also show that onshore wind farms are the preferred renewable energy source for electricity generation, whereas people are more reluctant about offshore wind in comparison with other renewable technologies. Finally, some geographic patterns are found, with people from Asia and southern Europe showing, respectively, a lower and higher willingness to pay for renewable energies.
英文关键词Electricity; Generalized least squares; Meta-regression; Panel data; Renewables; Weighted least squares
语种英语
WOS研究方向Business & Economics
WOS类目Economics
WOS记录号WOS:001156097400001
来源期刊ENERGY ECONOMICS
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/300706
作者单位Complutense University of Madrid; Complutense University of Madrid; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Instituto de Investigaciones Marinas (IIM)
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Cerda, Emilio,Lopez-Otero, Xiral,Quiroga, Sonia,et al. Willingness to pay for renewables: Insights from a meta-analysis of choice experiments[J],2024,130.
APA Cerda, Emilio,Lopez-Otero, Xiral,Quiroga, Sonia,&Solino, Mario.(2024).Willingness to pay for renewables: Insights from a meta-analysis of choice experiments.ENERGY ECONOMICS,130.
MLA Cerda, Emilio,et al."Willingness to pay for renewables: Insights from a meta-analysis of choice experiments".ENERGY ECONOMICS 130(2024).
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