Quantifying Public Preferences for Community-Based Renewable Energy Projects in South Korea

Rahel Renata Tanujaya, Chul-Yong Lee, JongRoul Woo, Sung-Yoon Huh and Min-Kyu Lee
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Rahel Renata Tanujaya: Interdisciplinary Program of Science and Technology Policy, Pukyong National University, 365 Sinseon-ro, Nam-gu, Busan 48547, Korea
Chul-Yong Lee: School of Business, Pusan National University, 2 Busandaehak-ro 63beon-gil, Geumjeong-gu, Busan 46241, Korea
JongRoul Woo: Graduate School of Energy and Environment (KU-KIST Green School), Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea
Sung-Yoon Huh: Department of Energy Policy, Graduate School of Energy and Environment, Seoul National University of Science and Technology, 232 Gongneung-ro, Nowon-gu, Seoul 01811, Korea
Min-Kyu Lee: Graduate School of Management of Technology, Pukyong National University, 365 Sinseon-ro, Nam-gu, Busan 48547, Korea

Energies, 2020, vol. 13, issue 9, 1-13

Abstract: Under the new climate regime, renewable energy (RE) has received particular attention for mitigating the discharge of greenhouse gas. According to the third energy master plan in South Korea, by 2040, 30–35% of the energy demand must met with RE sources. To ensure relevant policy design to achieve this goal, it is crucial to analyze the public’s willingness to accept community-based RE projects. This study conducted a nationwide survey to understand the opinion of the public and also that of local inhabitants living near a RE project. A choice experiment was employed to measure public preferences toward RE projects. The analysis reveals that the type of energy source, distance to a residential area, and annual percentage incentives could affect acceptance levels. Additionally, investment levels were a factor in local inhabitants’ acceptance of energy-related projects. This study presents the relevant policy implications in accordance with the analysis results.

Keywords: choice experiment; renewable energy; willingness to accept; multinomial logit models (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 (12)

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