IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v61y2013icp822-828.html
   My bibliography  Save this article

Effect of the Fukushima nuclear disaster on global public acceptance of nuclear energy

Author

Listed:
  • Kim, Younghwan
  • Kim, Minki
  • Kim, Wonjoon

Abstract

The Fukushima nuclear disaster has significantly changed public attitudes toward nuclear energy. It is important to understand how this change has occurred in different countries before the global community revises existing nuclear policies. This study examines the effect of the Fukushima disaster on public acceptance of nuclear energy in 42 countries. We find that the operational experience of nuclear power generation which has significantly affected positive public opinion about nuclear energy became considerably negative after the disaster, suggesting fundamental changes in public acceptance regardless of the level of acceptance before the disaster. In addition, contrary to our expectation, the proportion of nuclear power generation is positively and significantly related to public acceptance of nuclear energy after the Fukushima accident and government pressure on media content led to a greater decrease in the level of public acceptance after the accident. Nuclear energy policymakers should consider the varied factors affecting public acceptance of nuclear energy in each country depending on its historical, environmental, and geographical circumstances before they revise nuclear policy in response to the Fukushima accident.

Suggested Citation

  • Kim, Younghwan & Kim, Minki & Kim, Wonjoon, 2013. "Effect of the Fukushima nuclear disaster on global public acceptance of nuclear energy," Energy Policy, Elsevier, vol. 61(C), pages 822-828.
  • Handle: RePEc:eee:enepol:v:61:y:2013:i:c:p:822-828
    DOI: 10.1016/j.enpol.2013.06.107
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421513006149
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.enpol.2013.06.107?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mark J. Garmaise & Tobias J. Moskowitz, 1999. "Confronting Information Asymmetries: Evidence from Real Estate Markets," CRSP working papers 507, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    2. Jun, Eunju & Joon Kim, Won & Hoon Jeong, Yong & Heung Chang, Soon, 2010. "Measuring the social value of nuclear energy using contingent valuation methodology," Energy Policy, Elsevier, vol. 38(3), pages 1470-1476, March.
    3. Lalic, Danijela & Popovski, Kiril & Gecevska, Valentina & Vasilevska, Sanja Popovska & Tesic, Zdravko, 2011. "Analysis of the opportunities and challenges for renewable energy market in the Western Balkan countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 3187-3195, August.
    4. Joshua D. Coval & Tobias J. Moskowitz, 1999. "Home Bias at Home: Local Equity Preference in Domestic Portfolios," Journal of Finance, American Finance Association, vol. 54(6), pages 2045-2073, December.
    5. Corner, Adam & Venables, Dan & Spence, Alexa & Poortinga, Wouter & Demski, Christina & Pidgeon, Nick, 2011. "Nuclear power, climate change and energy security: Exploring British public attitudes," Energy Policy, Elsevier, vol. 39(9), pages 4823-4833, September.
    6. Smith, V. Kerry & Michaels, R. Gregory, 1987. "How did households interpret chernobyl? : A bayesian analysis of risk perceptions," Economics Letters, Elsevier, vol. 23(4), pages 359-364.
    7. Assefa, G. & Frostell, B., 2007. "Social sustainability and social acceptance in technology assessment: A case study of energy technologies," Technology in Society, Elsevier, vol. 29(1), pages 63-78.
    8. Matthew E. Kahn, 2005. "The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 271-284, May.
    9. Jacobsson, Staffan & Bergek, Anna & Finon, Dominique & Lauber, Volkmar & Mitchell, Catherine & Toke, David & Verbruggen, Aviel, 2009. "EU renewable energy support policy: Faith or facts?," Energy Policy, Elsevier, vol. 37(6), pages 2143-2146, June.
    10. Mark Grinblatt & Matti Keloharju, 2000. "Distance, Language, and Culture Bias: The Role of Investor Sophistication," Yale School of Management Working Papers ysm142, Yale School of Management, revised 01 Nov 2001.
    11. Resch, Gustav & Held, Anne & Faber, Thomas & Panzer, Christian & Toro, Felipe & Haas, Reinhard, 2008. "Potentials and prospects for renewable energies at global scale," Energy Policy, Elsevier, vol. 36(11), pages 4048-4056, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Younghwan & Kim, Wonjoon & Kim, Minki, 2014. "An international comparative analysis of public acceptance of nuclear energy," Energy Policy, Elsevier, vol. 66(C), pages 475-483.
    2. Milsom, Luke & Pažitka, Vladimír & Roland, Isabelle & Wójcik, Dariusz, 2023. "The gravity of syndication ties in international equity underwriting," Bank of England working papers 1021, Bank of England.
    3. Masulis, Ronald W. & Wang, Cong & Xie, Fei, 2012. "Globalizing the boardroom—The effects of foreign directors on corporate governance and firm performance," Journal of Accounting and Economics, Elsevier, vol. 53(3), pages 527-554.
    4. Mitchell A. Petersen & Raghuram G. Rajan, 2002. "Does Distance Still Matter? The Information Revolution in Small Business Lending," Journal of Finance, American Finance Association, vol. 57(6), pages 2533-2570, December.
    5. Katarzyna Chudy-Laskowska & Tomasz Pisula & Mirosław Liana & László Vasa, 2020. "Taxonomic Analysis of the Diversity in the Level of Wind Energy Development in European Union Countries," Energies, MDPI, vol. 13(17), pages 1-21, August.
    6. McQueen, Grant & Stenkrona, Anders, 2012. "The home-institution bias," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1627-1638.
    7. Morse, Adair & Shive, Sophie, 2011. "Patriotism in your portfolio," Journal of Financial Markets, Elsevier, vol. 14(2), pages 411-440, May.
    8. Bouwman, Christa H. S., 2010. "Corporate Governance Propagation through Overlapping Directors," Working Papers 11-23, University of Pennsylvania, Wharton School, Weiss Center.
    9. Claudia M. Buch & John C. Driscoll & Charlotte Ostergaard, 2010. "Cross‐Border Diversification in Bank Asset Portfolios," International Finance, Wiley Blackwell, vol. 13(1), pages 79-108, March.
    10. Vladimir M. Cvetković & Adem Öcal & Yuliya Lyamzina & Eric K. Noji & Neda Nikolić & Goran Milošević, 2021. "Nuclear Power Risk Perception in Serbia: Fear of Exposure to Radiation vs. Social Benefits," Energies, MDPI, vol. 14(9), pages 1-19, April.
    11. David D Cho, 2011. "Estimation risk in covariance," Journal of Asset Management, Palgrave Macmillan, vol. 12(4), pages 248-259, September.
    12. Kedia, Simi & Rajgopal, Shiva, 2009. "Neighborhood matters: The impact of location on broad based stock option plans," Journal of Financial Economics, Elsevier, vol. 92(1), pages 109-127, April.
    13. Kwok, Tin Fai & Yeung, Chung Hang & Xu, Yuan, 2017. "Swaying public opinion on nuclear energy: A field experiment in Hong Kong," Utilities Policy, Elsevier, vol. 46(C), pages 48-57.
    14. José María Liberti & Mitchell A Petersen, 2019. "Information: Hard and Soft," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 8(1), pages 1-41.
    15. Sarkissian, Sergei & Schill, Michael J., 2004. "Are There Permanent Valuation Gains to Overseas Listing? Evidence from Market Sequencing and Selection," Working Papers 05-4, University of Pennsylvania, Wharton School, Weiss Center.
    16. José María Liberti & Mitchell A. Petersen, 2018. "Information: Hard and Soft," NBER Working Papers 25075, National Bureau of Economic Research, Inc.
    17. Kandpal, Tara C. & Broman, Lars, 2014. "Renewable energy education: A global status review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 300-324.
    18. Wan-Jiun Paul Chiou & Vigdis W Boasson, 2015. "International Variations in the Benefits of Feasible Diversification Strategies," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1-38, December.
    19. Driessen, Joost & Laeven, Luc, 2007. "International portfolio diversification benefits: Cross-country evidence from a local perspective," Journal of Banking & Finance, Elsevier, vol. 31(6), pages 1693-1712, June.
    20. Karlsson, Anders & Norden, Lars, 2007. "Home sweet home: Home bias and international diversification among individual investors," Journal of Banking & Finance, Elsevier, vol. 31(2), pages 317-333, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:61:y:2013:i:c:p:822-828. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.