| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy
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| Autores: |
Longo, Alberto
Markandya, Anil
Petrucci, Marta
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| Data: |
2007-01-10
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| Ano: |
2006
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| Palavras-chave: |
Consumer/Household Economics
Resource /Energy Economics and Policy
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| Resumo: |
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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
25030
http://purl.umn.edu/12111
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| Editor: |
AgEcon Search
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>International Energy Markets Working Papers
IEM Nota di Lavoro 132.2006
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| Formato: |
43
application/pdf
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