Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2016.11.010 |
Public's willingness to pay a premium for bioethanol in Korea: A contingent valuation study | |
Lim, Seul-Ye; Kim, Hyo-Jin; Yoo, Seung-Hoon | |
2017-02-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 101 |
文章类型 | Article |
语种 | 英语 |
国家 | South Korea |
英文摘要 | Bioethanol (BE), a renewable energy, is well-known to mitigate the greenhouse gas emissions compared with conventional gasoline. Thus, the Korean government is considering the introduction of a BE mandate in which the legal blend is 5% BE and 95% gasoline (E5) until 2020 in order to expand BE use. We should examine the public acceptability of the introduction, which incurs a rise in the fuel price. This study attempts to assess the public's willingness to pay (WTP) a premium for introducing the E5 program in Korea. To this end, a contingent valuation (CV) survey of 1000 randomly selected consumers was conducted in 2014 across the nation. We used a one-and-one-half-bound dichotomous choice question in the CV survey and applied the spike model to handle the WTP data with zeros. The mean WTP, a premium for the E5 per liter, is estimated to be KRW 290 (USD 0.27), which is statistically meaningful at the 1% level. This value amounts to 15.6% of the gasoline retail price in 2014 (KRW 1856 or USD 1.70) and can be interpreted as the external benefit of BE. We can conclude that gasoline consumers in Korea are ready to pay a significant premium for the E5. |
英文关键词 | Bioethanol Public acceptability Willingness to pay Premium Contingent valuation |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000392768800003 |
WOS关键词 | REPUBLIC-OF-KOREA ; RENEWABLE ELECTRICITY ; CHOICE ; ENERGY ; BIOFUELS ; MODELS ; LAND |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18943 |
专题 | 气候变化 |
作者单位 | Seoul Natl Univ Sci & Technol, Grad Sch Energy & Environm, Dept Energy Policy, 232 Gongreung Ro, Seoul 01811, South Korea |
推荐引用方式 GB/T 7714 | Lim, Seul-Ye,Kim, Hyo-Jin,Yoo, Seung-Hoon. Public's willingness to pay a premium for bioethanol in Korea: A contingent valuation study[J]. ENERGY POLICY,2017,101. |
APA | Lim, Seul-Ye,Kim, Hyo-Jin,&Yoo, Seung-Hoon.(2017).Public's willingness to pay a premium for bioethanol in Korea: A contingent valuation study.ENERGY POLICY,101. |
MLA | Lim, Seul-Ye,et al."Public's willingness to pay a premium for bioethanol in Korea: A contingent valuation study".ENERGY POLICY 101(2017). |
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