Residential Willingness-to-Pay for Reducing Coal-Fired Generation's Emissions in Hong Kong

C. K. Woo, Alice Shiu, Y. S. Cheng, Raymond Li, Tony Ho, Ira Horowitz, Jianhui Wang

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

Hong Kong residents’ willingness-to-pay estimate for a 30 percent emissions reduction via natural-gas-fired generation is an 18 percent annual electricity bill increase, twice the estimate for nuclear power. Since these WTP estimates are below the projected bill increase required to achieve the government's emissions reduction target, they suggest that a narrow supply-side focus on the generation fuel mix may not be publicly acceptable. The solution is a more comprehensive policy that would include energy efficiency investment and vehicular emissions reductions.
Original languageEnglish
Pages (from-to)50-66
Number of pages17
JournalThe Electricity Journal
Volume27
Issue number3
DOIs
Publication statusPublished - Apr 2014
Externally publishedYes

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