Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong

Chi Keung WOO, Alice SHIU, Y. S. CHENG, Ray LI, Tony HO, Ira HOROWITZ, Jianhui WANG

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

Hong Kong residents' willingness-to-pay estimate for a 30 percent emissions reduction via natural-gas-fired generation is an 18 percent annual electricity bill increase, twice the estimate for nuclear power. Since these WTP estimates are below the projected bill increase required to achieve the government's emissions reduction target, they suggest that a narrow supply-side focus on the generation fuel mix may not be publicly acceptable. The solution is a more comprehensive policy that would include energy efficiency investment and vehicular emissions reductions. Copyright © 2014 Elsevier Inc. All rights reserved.
Original languageEnglish
Pages (from-to)50-66
JournalElectricity Journal
Volume27
Issue number3
DOIs
Publication statusPublished - 2014

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willingness to pay
coal
Hong Kong
Coal
bill
nuclear power
natural gas
Nuclear energy
electricity
Energy efficiency
Natural gas
Electricity
resident
supply
energy
efficiency
Willingness-to-pay
Emission reduction

Citation

Woo, C. K., Shiu, A., Cheng, Y. S., Li, R., Ho, T., Horowitz, I., & Wang, J. (2014). Residential willingness-to-pay for reducing coal-fired generation's emissions in Hong Kong. The Electricity Journal, 27(3), 50-66. doi: 10.1016/j.tej.2014.03.009