Initial Impact and Socioeconomic Compensation for the Closure of a Coal-Fired Power Plant in a Local Entity

A. Javier Prado-Dominguez, Fernando González-Laxe, Manuel Escourido-Calvo and Federico Martín-Bermúdez
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Fernando González-Laxe: Department of Economics, A Coruña University, 15071 A Coruña, Spain
Manuel Escourido-Calvo: Department of Business, A Coruña University, 15071 A Coruña, Spain
Federico Martín-Bermúdez: Department of Economics, A Coruña University, 15071 A Coruña, Spain

Sustainability, 2021, vol. 13, issue 13, 1-17

Abstract: This work contributes to improving the relevant information for the local participatory process, in a context of just energy transition. A proposal has been prepared for an objective estimate of the initial impact and the minimum socioeconomic compensation for the closure of a conventional coal-fired thermal power plant in the affected local entity. This has allowed (1) specifying and contextualizing the effects into which the initial impact of the closure can be divided, with the inclusion of the circular effect; (2) obtaining an indicator of the minimum compensation that would need to be set to neutralize this impact; and (3) establishing recommendations and conclusions based on the evidence obtained.

Keywords: coal power plant closure; just energy transition; participatory process; initial impact; local compensation; multilevel informational outlook (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:13:p:7391-:d:586963

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