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Measuring the environmental costs of tidal power plant construction: A choice experiment study

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  • Lee, Joo-Suk
  • Yoo, Seung-Hoon

Abstract

Korea is considering the construction of a tidal power plant (TPP) at Garolim Bay. However, as the construction of the Garolim TPP (GTPP) is expected to entail some environmental damage, it has become an increasingly important topic for public debate. Using a choice experiment (CE) approach, this study attempts to measure the economic cost that results from the environmental damage caused by the construction of GTPP. The CE is used to measure the environmental costs of individual attributes, including the reduction in the area of the tidal flat, the degradation of seawater quality, and the destruction of marine life. The results indicate that the annual willingness to pay (WTP) per household for mitigating the environmental damage that results from the worst-possible situation in relation to the present situation is about 96,042 Korean won (USD 101.1) in the seven biggest cities (off-site regions) and 18,584 Korean won (USD 19.6) in Seosan and Taean (on-site regions). This study is expected to provide policy-makers with quantitative information that will be useful to decide whether or not GTPP should be constructed.

Suggested Citation

  • Lee, Joo-Suk & Yoo, Seung-Hoon, 2009. "Measuring the environmental costs of tidal power plant construction: A choice experiment study," Energy Policy, Elsevier, vol. 37(12), pages 5069-5074, December.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5069-5074
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    2. Jenkins, Lekelia Danielle & Dreyer, Stacia Jeanne & Polis, Hilary Jacqueline & Beaver, Ezra & Kowalski, Adam A. & Linder, Hannah L. & McMillin, Thomas Neal & McTiernan, Kaylie Laura & Rogier, Thea The, 2018. "Human dimensions of tidal energy: A review of theories and frameworks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 97(C), pages 323-337.
    3. Zhao, Xiaoli & Cai, Qiong & Ma, Chunbo & Hu, Yanan & Luo, Kaiyan & Li, William, 2017. "Economic evaluation of environmental externalities in China’s coal-fired power generation," Energy Policy, Elsevier, vol. 102(C), pages 307-317.
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    6. Hee-Jong Yang & Seul-Ye Lim & Seung-Hoon Yoo, 2017. "The Environmental Costs of Photovoltaic Power Plants in South Korea: A Choice Experiment Study," Sustainability, MDPI, vol. 9(10), pages 1-13, September.
    7. Ju-Hee Kim & Younggew Kim & Seung-Hoon Yoo, 2021. "Using a choice experiment to explore the public willingness to pay for the impacts of improving energy efficiency of an apartment," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(5), pages 1775-1793, October.
    8. Yunna Wu & Chuanbo Xu & Hu Xu, 2016. "Optimal Site Selection of Tidal Power Plants Using a Novel Method: A Case in China," Energies, MDPI, vol. 9(10), pages 1-26, October.
    9. Lee, Joo Suk & Choi, Eun Chul, 2018. "CO2 leakage environmental damage cost – A CCS project in South Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 753-758.
    10. Vazquez, A. & Iglesias, G., 2016. "Capital costs in tidal stream energy projects – A spatial approach," Energy, Elsevier, vol. 107(C), pages 215-226.
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