The Cost of Wind: Negative Economic Effects of Global Wind Energy Development

John Dorrell and Keunjae Lee
Additional contact information
John Dorrell: Economics Department, Pusan National University, Jangjeon-dong, Geumjeong-gu, Busan 46241, Korea
Keunjae Lee: Economics Department, Pusan National University, Jangjeon-dong, Geumjeong-gu, Busan 46241, Korea

Energies, 2020, vol. 13, issue 14, 1-25

Abstract: This paper provides a structured literature review of the negative economic effects associated with the development of wind energy and synthesized the evidence at an abstract level. We then developed an analytical framework to systematically review economic issues such as volatility, electricity price, housing values, and unemployment in relation to wind energy. Global wind energy development data from the time period from 2000 through 2019 were included for a more robust analysis. This period encompasses the vast majority of total global installed wind energy capacity. After amalgamating evidence from existing studies and data banks, we discuss the policy implications, suggest avenues for future research, and propose solutions to mitigate externalities. By understanding the negative economic impact created by the expansion of wind energy, we can better equip policy makers and developers to create more efficient and sustainable energy policy to benefit citizens and preserve the environment for generations to come.

Keywords: wind; energy; economics; electricity; turbine; policy; employment; market (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/1996-1073/13/14/3667/pdf (application/pdf)
https://www.mdpi.com/1996-1073/13/14/3667/ (text/html)

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:gam:jeners:v:13:y:2020:i:14:p:3667-:d:385203

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().