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Paying for green energy: The case of the Chilean Patagonia

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  • Garces-Voisenat, Juan-Pedro
  • Mukherjee, Zinnia

Abstract

We survey and assess the willingness to pay (WTP) for environmentally-friendly sources of energy, in the context of the proposed construction of five hydroelectric dams in the Chilean Patagonia. We then compare the estimated WTP to the real costs of generating electricity with different currently available technologies for renewable sources of energy. Overall, we find that the WTP of Chilean citizens would be more than enough to pay for greener sources of energy. We also find that the WTP is affected by age and gender of the respondents, but surprisingly not by income.

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  • Garces-Voisenat, Juan-Pedro & Mukherjee, Zinnia, 2016. "Paying for green energy: The case of the Chilean Patagonia," Journal of Policy Modeling, Elsevier, vol. 38(2), pages 397-414.
    • Handle: RePEc:eee:jpolmo:v:38:y:2016:i:2:p:397-414
    DOI: 10.1016/j.jpolmod.2016.03.012
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    2. Osorio-Aravena, Juan Carlos & Aghahosseini, Arman & Bogdanov, Dmitrii & Caldera, Upeksha & Ghorbani, Narges & Mensah, Theophilus Nii Odai & Khalili, Siavash & Muñoz-Cerón, Emilio & Breyer, Christian, 2021. "The impact of renewable energy and sector coupling on the pathway towards a sustainable energy system in Chile," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).
    3. Walter, Jason M., 2020. "Comparing the effectiveness of market-based and choice-based environmental policy," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 173-191.
    4. Han-Shen Chen & Bi-Kun Tsai & Chi-Ming Hsieh, 2018. "The Effects of Perceived Barriers on Innovation Resistance of Hydrogen-Electric Motorcycles," Sustainability, MDPI, vol. 10(6), pages 1-15, June.

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    More about this item

    Keywords

    Green economy; Sustainable development; Energy; Environment; Chilean Patagonia;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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