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

doi:10.1016/j.tej.2014.03.009

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 journal › Article › peer-review

11 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 language	English
Pages (from-to)	50-66
Number of pages	17
Journal	The Electricity Journal
Volume	27
Issue number	3
DOIs	https://doi.org/10.1016/j.tej.2014.03.009
Publication status	Published - Apr 2014
Externally published	Yes

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10.1016/j.tej.2014.03.009

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

abstract = "Hong Kong residents{\textquoteright} 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.",

author = "Woo, {C. K.} and Alice Shiu and Cheng, {Y. S.} and Raymond Li and Tony Ho and Ira Horowitz and Jianhui Wang",

note = "Funding Information: Major funding for this research was provided by the Hong Kong Baptist University's Business School. Additional funding was provided by the Hong Kong Polytechnic University's School of Accounting and Finance.",

year = "2014",

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AU - Cheng, Y. S.

AU - Li, Raymond

AU - Ho, Tony

AU - Horowitz, Ira

AU - Wang, Jianhui

N1 - Funding Information: Major funding for this research was provided by the Hong Kong Baptist University's Business School. Additional funding was provided by the Hong Kong Polytechnic University's School of Accounting and Finance.

PY - 2014/4

Y1 - 2014/4

N2 - 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.

AB - 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.

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ER -

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

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