Local non-market quality of life dynamics in new wind farms communities
AbstractThe environmental benefits from generating electricity using renewable power are well known. Both wind farms and large scale solar installations require significant amounts of land to generate such power. Private land holders gain from leasing and selling land to renewable power generators but how are nearby neighbors and county residents affected? This study uses data from West Texas and documents that wind farm county's residents have gained from recent place based investments in wind farms. County property tax rates have fallen and public school quality has improved in those counties where wind farms have been built. Based on the local fiscal data, local school quality data and local ambient air pollution data, renewable power is a “better neighbor” than conventional fossil fuel fired power plants.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 59 (2013)
Issue (Month): C ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/enpol
Renewable power generation; Spatial externalities; Local quality of life;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Hollywood Celebrities who Install Wind Turbines in Upstate New York
by Matthew Kahn in Environmental and Urban Economics on 2013-11-16 20:03:00
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