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Investment preferences for wood-based energy initiatives in the US

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  • Aguilar, Francisco X.

Abstract

The forest sector is poised to become a major supplier of wood-based energy in the US. Prospects for growth in energy demand and higher prices can create opportunities for private investments in renewable energy industries. A conjoint analysis examined individuals' willingness to invest in wood-based energies following a random utility model. The study design included three investment attributes: annual returns on investment, type of investment, and location of investment. Three ordinal models that also included demographic and attitudinal characteristics indicate that wood-based energy is less preferred among potential investors compared to the stock market and solar/wind renewable energy investments. Expected returns and location of energy investments within the US are also major drivers of investment preferences. Favorable attitudes towards forestry and wood-based energy could enhance prospects for a greater number of potential investors.

Suggested Citation

  • Aguilar, Francisco X., 2009. "Investment preferences for wood-based energy initiatives in the US," Energy Policy, Elsevier, vol. 37(6), pages 2292-2299, June.
  • Handle: RePEc:eee:enepol:v:37:y:2009:i:6:p:2292-2299
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    2. Mohebalian, Phillip M. & Aguilar, Francisco X., 2018. "Design of tropical forest conservation contracts considering risk of deforestation," Land Use Policy, Elsevier, vol. 70(C), pages 451-462.
    3. Swain, Swadhina Shikha & Mishra, Pulak, 2021. "How does cleaner energy transition influence standard of living and natural resources conservation? A study of households’ perceptions in rural Odisha, India," Energy, Elsevier, vol. 215(PB).
    4. Kontogianni, Areti & Tourkolias, Christos & Skourtos, Michalis, 2013. "Renewables portfolio, individual preferences and social values towards RES technologies," Energy Policy, Elsevier, vol. 55(C), pages 467-476.
    5. Kalvis Kons & Boško Blagojević & Blas Mola-Yudego & Robert Prinz & Johanna Routa & Biljana Kulisic & Bruno Gagnon & Dan Bergström, 2022. "Industrial End-Users’ Preferred Characteristics for Wood Biomass Feedstocks," Energies, MDPI, vol. 15(10), pages 1-22, May.
    6. Shi, Yan & Du, Yuanyuan & Yang, Guofu & Tang, Yuli & Fan, Likun & Zhang, Jun & Lu, Yijun & Ge, Ying & Chang, Jie, 2013. "The use of green waste from tourist attractions for renewable energy production: The potential and policy implications," Energy Policy, Elsevier, vol. 62(C), pages 410-418.

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