Should Chile use renewables, fossil fuel or hydropower for future electricity supply? : evidence from a contingent valuation study
Date
2009
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Publisher
Latin American and Caribbean Environmental Economics Program (LACEEP), Turrialba, CR
Abstract
Results of the study show that the introduction and development of renewable energy sources (RES) are supported by Chilean households, and preferable to continued use of fossil fuels or building large dams in Chilean Patagonia. The findings present a significant and positive willingness to pay premiums for the development of renewables. Using the Contingent Valuation Method, the study investigated the public’s preferences, attitudes and willingness to pay (WTP) premiums for the introduction and development of RES. Concerns over environmental goals and future energy security have boosted the Chilean government’s interests in alternative energy sources.
Description
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Policy Brief
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Keywords
RENEWABLE ENERGY SOURCES, HYDROELECTRIC POWER, FOSSIL FUELS, COST BENEFIT ANALYSIS, WILLINGNESS TO PAY, ENVIRONMENTAL HEALTH, CHILE, ENVIRONMENTAL ECONOMICS, EVIDENCE-BASED PLANNING, ENERGY POLICY, SOUTH AMERICA