Economics at your fingertips  

Public Willingness to Pay and Policy Preferences for Tidal Energy Research and Development: A Study of Households in Washington State

Hilary Jacqueline Polis, Stacia Jeanne Dreyer and Lekelia Danielle Jenkins

Ecological Economics, 2017, vol. 136, issue C, 213-225

Abstract: Puget Sound in Washington State (WA) has significant tidal energy resources, but the industry is at a nascent stage of development. At this stage, the availability of research and development (R&D) funding plays a critical role in the success or failure of renewable energy schemes. However, information about public interest in developing marine renewable energy technology, including tidal energy technology, in WA and the U.S. has been limited. Responses to a dichotomous choice referendum question on a mail survey sent to a representative sample of WA households were used to estimate residents' Willingness to Pay (WTP) for tidal energy R&D. Public preferences for policies to support tidal energy R&D were also assessed. WA households are WTP between $29M and $127M annually for tidal energy R&D, indicating public preference for an increase in government spending on tidal energy R&D over current levels. Public perceptions of potential social, environmental, and economic risks and benefits of developing tidal energy emerged as highly significant predictors of WTP.

Keywords: Contingent valuation; Tidal energy; Renewable energy; Research and development (R&D); Willingness to pay (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
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:

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2018-09-08
Handle: RePEc:eee:ecolec:v:136:y:2017:i:c:p:213-225