Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/115874
Authors: 
von Möllendorff, Charlotte
Welsch, Heinz
Year of Publication: 
2015
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research 779
Abstract: 
Electricity from renewable sources avoids disadvantages of conventional power generation but often meets with local resistance due to visual, acoustic, and odor nuisance. We use representative panel data on the subjective well-being of 46,678 individuals in Germany, 1994 - 2012, for identifying and valuing the local externalities from solar, wind and biomass plants in respondents' postcode area and adjacent postcode areas. We find significant well-being externalities of all three technologies that differ with regard to their temporal and spatial characteristics. The monetary equivalent of 1 MW capacity expansion is estimated to be in the range of 0.3-0.7 percent of per capita income.
Subjects: 
renewable energy
local externality
subjective well-being
life satisfaction
non-market valuation
JEL: 
Q42
D62
I31
Q51
Document Type: 
Working Paper

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