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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.

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  • 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. Aguilar, Francisco X. & Daniel, Marissa “Jo” & Cai, Zhen, 2014. "Family-forest Owners’ Willingness to Harvest Sawlogs and Woody Biomass: The Effect of Price on Social Availability," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0, pages 1-21.
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    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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