Valuing the visual impact of wind farms: An application in South Evia, Greece

S. Mirasgedis, C. Tourkolias, E. Tzovla and D. Diakoulaki

Renewable and Sustainable Energy Reviews, 2014, vol. 39, issue C, 296-311

Abstract: This study presents an application of the Contingent Valuation Method (CVM) for valuing the landscape externalities associated with the large-scale exploitation of wind power at the local level. The survey was undertaken in South Evia, Greece, which is a region with rich wind energy potential and a considerable number of wind farms in operation during the period of the study. The results showed that 57% of the households are not willing to contribute financially in order to implement interventions to mitigate the visual impact of wind farms. Τhe mean willingness to pay per household to avoid the visual impact attributed to the installation of new wind farms in the area in question was estimated at €41.6/year taking into account all households of the sample. This estimate is relatively lower compared to the results of other relevant studies. As shown by a meta-analysis developed based on these studies, this is mainly attributed to the great recession in Greece and the reduced available income of households.

Keywords: Visual intrusion; Wind farms; Contingent Valuation Method; Willingness to pay; Meta-analysis (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032114005528
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:39:y:2014:i:c:p:296-311

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2014.07.100

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().