 Air Pollution and Solar Photovoltaic Power Generation: Evidence from South KoreaMoon Joon Kim Energy Economics, 2024, vol. 139, issue C Abstract: Solar energy, with its declining costs and enhanced efficiency, is a viable alternative to traditional fossil fuels. However, its effectiveness is compromised by atmospheric and meteorological conditions, particularly air pollution, which reduces solar radiation and panel efficiency. This study estimates the impact of air pollution on solar photovoltaic (PV) power generation in South Korea, a rapidly industrializing nation with high levels of air pollution and a growing focus on renewable energy. Using hourly power generation data from 2006 to 2013 and addressing potential endogeneity of PM10 with an instrumental variable approach, we find that a 10 mg/m3 increase in PM10 reduces solar power generation by 2.17 MWh, resulting in an estimated annual economic loss of approximately USD 2.2 million during the study period. These findings highlight the urgent need to mitigate air pollution to enhance solar power efficiency and maximize the social benefits of renewable energy. Keywords: Solar photovoltaic power generation; Renewable energy; Air pollution; South Korea (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:139:y:2024:i:c:s0140988324006327 DOI: 10.1016/j.eneco.2024.107924 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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