Residential Willingness-to-Pay for Reducing Coal-Fired Generation's Emissions in Hong Kong|Research Projects|Global Urbanisation, Labour and Mobility|LEWI Research|HKBU LEWI

Residential Willingness-to-Pay for Reducing Coal-Fired Generation's Emissions in Hong Kong

Professor CHENG Yuk-shing

Hong Kong residents’ willingness-to-pay estimate for a 30 percent emissions reduction via natural-gas-fired generation is an 18 percent annual electricity bill increase, twice the estimate for nuclear power. Since these WTP estimates are below the projected bill increase required to achieve the government's emissions reduction target, they suggest that a narrow supply-side focus on the generation fuel mix may not be publicly acceptable. The solution is a more comprehensive policy that would include energy efficiency investment and vehicular emissions reductions.

RESEARCHERS

C.K. Woo, Alice Shiu, Y.S. Cheng, Ray Li, Tony Ho, Ira Horowitz and Jianhui Wang

FUNDING

Hong Kong Baptist University's Business School
Hong Kong Polytechnic University's School of Accounting and Finance

PUBLISHER

Elsevier Inc.

STATUS

Completed

Figure 1. Relative Frequencies of Response to the Status Quo and WTP Questions for Reducing Coal-Fired Generation's Emissions Via Natural-Gas-Fired Generation

Figure 2. Relative Frequencies of Response to the Status Quo and WTP Questions for Reducing Coal-Fired Generation's Emissions Via Nuclear Generation

Figure 3. WTP Estimates (Solid Dots) in Percent of Bill Increase and Their 95% Confidence Intervals by Emissions Reduction and Fuel Type

Figure 4. WTP Estimates (Solid Dots) in Dollar Bill Increase and Their 95% Confidence Intervals (US$1 = HK$7.8) by Emissions Reduction and Fuel Type