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: Journal article publication › Journal article › Academic research › 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 - 1 Jan 2014

ASJC Scopus subject areas

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

UN SDGs

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

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10.1016/j.tej.2014.03.009

Cite this

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AU - Horowitz, Ira

AU - Wang, Jianhui

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

Abstract

ASJC Scopus subject areas

UN SDGs

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