Estimating willingness to pay for greenhouse gas emission reductions provided by hydropower using the contingent valuation method
Benjamin Jones (),
Hank Jenkins-Smith and
Energy Policy, 2017, vol. 111, issue C, 362-370
Altering existing operations of large hydroelectric dams in the US, for such reasons as improving downstream environmental habitats and recreation, often constrain the production of hydropower. This results in increased use of electricity from fossil fuel based power plants, which emit greenhouse gases (GHG) that promote global climate change. However, the economic value of hydropower GHG reductions remains unmeasured in the US context. Using a recent proposal to re-purpose operations of Glen Canyon Dam, the largest producer of hydropower on the Colorado River, this study estimates US households’ willingness to pay using the contingent valuation method to preserve GHG reductions provided by current Glen Canyon Dam operations. Results indicate that US households are willing to pay an additional $3.66 per year in increased taxes to prevent increases in GHG emissions due to proposed re-purposing. This study has important policy implications for the role of hydropower in the renewable energy portfolio.
Keywords: Hydropower; Externalities; Climate change; Willingness to pay; Contingent valuation; Greenhouse gases; Glen Canyon Dam (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:111:y:2017:i:c:p:362-370
Access Statistics for this article
Energy Policy is currently edited by N. France
More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().