The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy
| dc.creator | Longo, Alberto | |
| dc.creator | Markandya, Anil | |
| dc.creator | Petrucci, Marta | |
| dc.date | 2017-04-01T14:09:32Z | |
| dc.date.accessioned | 2026-07-09T03:03:28Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.12111 | |
| dc.identifier | https://ageconsearch.umn.edu/record/12111/files/wp060132.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/12111 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/525668 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/12111 | |
| dc.title | The Internalization of Externalities in The Production of Electricity: Willingness to Pay for the Attributes of a Policy for Renewable Energy | |
| dc.type | Text |