Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong

Chi-Keung WOO; Alice Shiu; Yuk Shing CHENG; Ray 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

Chi-Keung WOO, Alice Shiu, Yuk Shing CHENG, Ray Li, Tony Ho, Ira Horowitz, Jianhui Wang

Research output: Contribution to journal › 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	Electricity Journal
Volume	27
Issue number	3
DOIs	https://doi.org/10.1016/j.tej.2014.03.009
Publication status	Published - Apr 2014

Scopus Subject Areas

Business and International Management
Energy (miscellaneous)
Management of Technology and Innovation

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1016/j.tej.2014.03.009

Cite this

@article{cab96bf559f54d2db12ff38efadc547e,

title = "Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong",

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.",

author = "Chi-Keung WOO and Alice Shiu and CHENG, {Yuk Shing} and Ray 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",

month = apr,

doi = "10.1016/j.tej.2014.03.009",

language = "English",

volume = "27",

pages = "50--66",

journal = "Electricity Journal",

issn = "1040-6190",

publisher = "Elsevier Inc.",

number = "3",

}

TY - JOUR

T1 - Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong

AU - WOO, Chi-Keung

AU - Shiu, Alice

AU - CHENG, Yuk Shing

AU - Li, Ray

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.

UR - http://www.scopus.com/inward/record.url?scp=84899636587&partnerID=8YFLogxK

U2 - 10.1016/j.tej.2014.03.009

DO - 10.1016/j.tej.2014.03.009

M3 - Journal article

AN - SCOPUS:84899636587

SN - 1040-6190

VL - 27

SP - 50

EP - 66

JO - Electricity Journal

JF - Electricity Journal

IS - 3

ER -

Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong

Abstract

Scopus Subject Areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this