Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.07.006 |
Residential willingness to pay for deep decarbonization of electricity supply: Contingent valuation evidence from Hong Kong | |
Cheng, Y. S.1; Cao, K. H.1; Woo, C. K.2; Yatchew, A.3 | |
2017-10-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 109 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; Canada |
英文摘要 | Motivated by the government's proposed target of reducing CO2 emissions by 30% of the 2005 level in the year 2020, we estimate the residential willingness-to-pay (WTP) for deep decarbonization of Hong Kong's electricity supply, which is heavily dependent on coal-fired generation. Our contingent valuation survey conducted in 2016 of 1460 households yields dichotomous choice data based on the respondents' answers to a series of closed ended questions. Such data are less susceptible to the strategic bias that often plagues self-stated WIT data obtained by direct elicitation via open-ended questions. Using binary choice models, we find that average WTP is 48-51%, relative to current bills, if the decarbonization target is achieved via natural gas generation and renewable energy. However, estimated WTP declines to 32-42% when decarbonization entails additional nuclear imports from China. As the projected bill increase caused by the target's implementation is 40%, our WTP estimates support the government's fuel mix policy of using natural gas and renewable energy to displace Hong Kong's coal generation. |
英文关键词 | Residential willingness-to-pay Electricity decarbonization Contingent valuation Hong Kong |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000412034400020 |
WOS关键词 | RENEWABLE ENERGY-SOURCES ; GREEN ELECTRICITY ; STATUS-QUO ; ATTRIBUTES ; PREFERENCE ; CHOICE ; POLICY ; CHINA ; BIAS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16542 |
专题 | 气候变化 |
作者单位 | 1.Hong Kong Baptist Univ, Dept Econ, Kowloon Tong, Hong Kong, Peoples R China; 2.Educ Univ Hong Kong, Dept Asian & Policy Studies, Tai Po, Hong Kong, Peoples R China; 3.Univ Toronto, Dept Econ, Toronto, ON M5S 3G7, Canada |
推荐引用方式 GB/T 7714 | Cheng, Y. S.,Cao, K. H.,Woo, C. K.,et al. Residential willingness to pay for deep decarbonization of electricity supply: Contingent valuation evidence from Hong Kong[J]. ENERGY POLICY,2017,109. |
APA | Cheng, Y. S.,Cao, K. H.,Woo, C. K.,&Yatchew, A..(2017).Residential willingness to pay for deep decarbonization of electricity supply: Contingent valuation evidence from Hong Kong.ENERGY POLICY,109. |
MLA | Cheng, Y. S.,et al."Residential willingness to pay for deep decarbonization of electricity supply: Contingent valuation evidence from Hong Kong".ENERGY POLICY 109(2017). |
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