Article
Energy & Fuels
Jing Ke, Nina Khanna, Nan Zhou
Summary: Adopting energy-efficient and clean technologies is crucial for climate change mitigation and sustainability. Understanding customers' willingness to pay is important, but commonly-used estimation methods are not always feasible. This study proposes a new indirect estimation method using life-cycle cost-benefit analysis and market data.
Article
Transportation Science & Technology
Milad Ghasri, Ali Ardeshiri, Nicholas J. Ekins-Daukes, Taha Rashidi
Summary: The study examines consumer preferences for installing photovoltaic solar cells on electric vehicles, utilizing a double hurdle model to explain low market penetration and high non-purchase choice. The willingness to pay for features like additional driving range from solar panels and color-matching solar panels differs between men and women, providing insights for policymakers and industries on the feasibility of this emerging technology.
TRANSPORTATION RESEARCH PART C-EMERGING TECHNOLOGIES
(2021)
Article
Green & Sustainable Science & Technology
Haifeng Lan, Zhonghua Gou, Yi Lu
Summary: This research used machine learning to study the regional difference of PV adoption in Australia, finding that different socioeconomic factors play a role in explaining the variance. In areas with low population density, PV adoption rate is lower, while in areas with high population density and income levels, the adoption rate is not necessarily higher.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2021)
Article
Economics
Duzgun Agdas, Prabir Barooah
Summary: Much research has been conducted on rooftop solar photovoltaic (PV) adoption in the US, but there is a lack of granular economic assessment at a large scale. This study provides household level PV economic assessment for a medium size city in Florida and finds that a large number of households will not benefit from solar installations. The economic viability of PV installations heavily relies on uncertain incentives, and disadvantaged communities have lower installation rates.
Article
Chemistry, Physical
Zhecheng Wang, Marie-Louise Arlt, Chad Zanocco, Arun Majumadaar, Ram Rajagopal
Summary: This study developed a computer vision model to identify the installation year of photovoltaics (PVs) from historical images. The research found that low-income communities in the United States have a delayed and lower saturation level of PV adoption. The study also highlighted the positive association between performance-based incentives and saturated adoption levels, particularly for lower-income communities.
Article
Management
Ola Mahmouda
Summary: The paper argues that decision makers have a natural preference for diversification, with willingness to pay for it driven by risk aversion and loss aversion. In an experiment, the estimated value of diversification is around 5% of the initial amount, and risk-averse individuals are willing to pay more for diversification. These findings suggest that diversification is a fundamental preference that may help explain anomalies in portfolio choice.
MANAGEMENT SCIENCE
(2022)
Article
Green & Sustainable Science & Technology
Sylvia M. Aarakit, Joseph M. Ntayi, Francis Wasswa, Muyiwa S. Adaramola, Vincent F. Ssennono
Summary: The study analyzes the factors influencing households' choice of solar PV system in Uganda, finding that determinants of adoption and type of solar PV adopted are heterogeneous, primarily influenced by flexible payment mechanisms and affordability. The study suggests that solar PV uptake is a rural phenomenon and affordability is the main driver of solar PV type adopted, emphasizing the need for policy interventions to focus on affordability.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Energy & Fuels
Yuhan Wang, Dev Millstein, Andrew D. Mills, Seongeun Jeong, Amos Ancell
Summary: As solar energy becomes a larger part of total electricity generation, forecasting errors for solar energy are becoming more important in terms of overall load uncertainty and potential costs to electricity systems. This study examines the costs of day-ahead solar forecast errors for existing solar power plants in the United States. The results show relatively low costs for forecast errors, with only a loose correlation to the level of solar penetration.
Article
Hospitality, Leisure, Sport & Tourism
Erik Haugom, Iveta Malasevska, Per Kristian Alnes, Orjan Mydland
Summary: Norwegian alpine skiers show substantial interest in season passes that include CO2 compensation, but are not attracted to season passes that require compulsory use of public transportation (ski bus). The optimal prices for the two alternatives are approximately 11.5% higher (CO2 version) and 25% lower (ski bus version) compared to a regular season pass.
JOURNAL OF HOSPITALITY AND TOURISM MANAGEMENT
(2021)
Article
Economics
Ali Ardeshiri, Farshid Safarighouzhdi, Taha Hossein Rashidi
Summary: The study found that pricing remains the most effective parking policy, but non-price-related attributes can help decision makers make more informative decisions. Shared parking can play a significant role in accommodating the surplus arising from excessive parking demand and inadequate supply, up to almost 40% of demand.
TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE
(2021)
Article
Multidisciplinary Sciences
Wen Qin, Erpeng Wang, Zhengyu Ni
Summary: Research shows that most of the respondents in China are willing to get vaccinated against COVID-19 and are willing to pay a certain amount. However, the willingness of the elderly to get vaccinated is lower and they are not willing to pay as much. Subsidies and health communication are needed to promote vaccination.
Article
Geosciences, Multidisciplinary
Jogasankar Mahaprashasta, Pranab Mukhopadhyay, Subhrendu K. Pattanayak
Summary: The study reveals that flooding can have a significant impact on the rental value of households in Cuttack, Indian city. Households are willing to pay a considerable amount to avoid flooding, which has implications for urban sustainability and funding public infrastructure in low and lower-middle-income countries.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2021)
Article
Environmental Sciences
Yanan Zhang, Haitao Yin
Summary: The construction sector plays a crucial role in energy consumption and greenhouse gas emissions. Promoting green buildings could be an effective solution to tackle environmental issues. This study conducted a choice experiment to investigate preferences and willingness to pay for different attributes of green office buildings in Shanghai. The findings indicate that respondents highly value attributes related to indoor comfort and health, as well as power saving and water saving features. People working in higher rental offices are more likely to pay for air purifier installation. Construction and manufacturing firms show higher willingness to pay for power saving and lower willingness to pay for soundproofing. Overall, foreign firms are willing to pay more for eco-friendly materials.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Economics
Bern Caudill Dealy, Aaron Kearsley, Carolyn Wolff, Elizabeth Botkins, Nellie Lew, Clark Nardinelli
Summary: The study found that consumers are willing to pay approximately $1.37 per household per month for standardized informational leaflets in retail pharmacies. The estimated willingness to pay is sensitive to alternative econometric specifications and evidence of survey response bias, but regardless of these factors, the estimates are statistically and economically significant.
Article
Ecology
Thais Vilela, Alfonso Malky Harb, Carla Mendizabal Vergara
Summary: This study investigates the willingness of Chilean households to support protected areas through donations or tariffs. The average willingness to pay per household per month ranges from US$ 3 to US$ 8, and it is lower when households are asked to pay via tariffs instead of donations.
ECOLOGICAL ECONOMICS
(2022)
Article
Environmental Sciences
Ben Sigrin, Jacquelyn Pless, Easan Drury
ENVIRONMENTAL RESEARCH LETTERS
(2015)
Article
Energy & Fuels
Wesley Cole, Haley Lewis, Ben Sigrin, Robert Margolis
Article
Environmental Sciences
Kimberly S. Wolske, Annika Todd, Michael Rossol, James McCall, Benjamin Sigrin
GLOBAL ENVIRONMENTAL CHANGE-HUMAN AND POLICY DIMENSIONS
(2018)
Article
Economics
Jacquelyn Pless, Harrison Fell, Ben Sigrin
Article
Multidisciplinary Sciences
Nicholas Willems, Ashok Sekar, Benjamin Sigrin, Varun Rai
Summary: Failing to accurately forecast the penetration of distributed energy resources can have negative consequences such as cost inefficiencies and system failures. We have developed an open-source tool that uses an advanced specification to accurately predict technology adoption. Compared to a conventional specification, the advanced specification significantly reduces forecasting errors.
Article
Energy & Fuels
Miguel Heleno, Benjamin Sigrin, Natalie Popovich, Jenny Heeter, Anjuli Jain Figueroa, Michael Reiner, Tony Reames
Summary: This paper presents a quantitative framework that supports policy decision-making for equitable energy interventions. By combining sociodemographic and techno-economic models, a linear programming model is proposed to calculate the optimal energy investment portfolio that explicitly minimizes the energy burden of energy insecure households. The model is formulated as a multi-objective optimization suitable for decisions on weatherization and deployment of distributed energy resources. A case study involving 14,043 energy insecure households in Wayne County, Detroit, United States, is used to illustrate the methodology.
Article
Business
Changgui Dong, Benjamin Sigrin, Gregory Brinkman
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2017)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.