An analysis of the factors affecting Irish citizens’ willingness to invest in wind energy projects

Sirr, Gordon; Power, Bernadette; Ryan, Geraldine; Eakins, John; O’Connor, Ellen; Maitre, Julia le

doi:10.1016/j.enpol.2022.113364

Cited by 18 publications

(12 citation statements)

References 52 publications

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“…The difference in willingness to pay is a result of customers in different places having differing perceptions of the cost-benefit ratios. Consumer willingness to invest in power infrastructure improvements and renewable energy projects worldwide has been examined in many studies, including [6,[24][25][26][27]. Although there is a widespread optimistic outlook on investing in these power grid and REs, obstacles such as financial limitations and inadequate institutional funding impede large-scale investments.…”

Section: Environmental Impact and Community Awarenessmentioning

confidence: 99%

“…To sum up, several studies discuss the effects of public awareness on the willingness of its members to invest in and pay for microgrid projects [6,[18][19][20][21][22][23][24][25][26][27][28][29]. For instance, for [19], the marginal significance of profitable returns in influencing the public's willingness to invest contrasts with some studies that emphasize the pivotal role of financial returns in driving technology adoption.…”

Section: Comparison Of Findings With the Existing Literaturementioning

confidence: 99%

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Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

Sajwani,

Soudan,

Olabi

2024

Energies

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This study aims to analyze the determinants that influence the consumers’ disposition to invest in microgrid technology in the United Arab Emirates (UAE). This research offers valuable insights for policymakers on investors’ motivations to develop strategies to foster microgrid technology adoption through end-user investments leading to a reduction in microgrid high capital cost. The study employed descriptive statistics, correlation, and regression analyses to analyze the responses of a sample of property owners to a quantitative survey. The study examines such variables as strategic alignment, profitability, digitization, renewable energy utilization, CO2 emission reduction, and disaster recovery readiness. The data collected reveal a moderate level of understanding and cost-awareness of microgrid technology among the respondents, with a mean of 2.46 out of 5. Notably, the data highlight the significant influence of strategic alignment with the UAE’s national energy goals on the respondents’ inclination to invest in microgrids, with a strong positive correlation of 0.942 at the 0.01 level (two-tailed). By comparison, profitability and disaster recovery have a comparatively weaker correlation. Furthermore, based on the data collected during this study, it has been determined that there is a strong value added by the microgrid initiatives considering the UAE’s strategic direction and the positive influence of reduced CO2. The regression models used were highly significant at F = 85.690. There is an acceptable level of multicollinearity with VIF values ranging from 1.087 to 2.155. UAE Strategy has low collinearity. UAE Strategy emerges as the only significant predictor of willingness to invest (p < 0.001) in the stepwise regression analysis. The analysis shows that villa and townhouse owners are willing to invest in community microgrid given that it is aligned with UAE strategy and leads to CO2 emissions reduction.

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Section: Environmental Impact and Community Awarenessmentioning

confidence: 99%

Section: Comparison Of Findings With the Existing Literaturementioning

confidence: 99%

Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

Sajwani,

Soudan,

Olabi

2024

Energies

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“…Reasons why a mature CDW recycling market mechanism cannot be formed [26,27] Channels for solving CDW resource problems [28,29] Research status of CDW recycling PPP projects [30][31][32][33][34] Compensation mechanism during PPP projects operation period…”

Section: Cdw Recycling Ppp Projectsmentioning

confidence: 99%

“…However, compared with general PPP projects, it can also bring more environmental impacts. According to the NIMBY effect [34], CDW recycling PPP projects need more recognition and support, especially compensation from the government. Therefore, establishing a compensation mechanism is an urgent problem to be solved in CDW recycling PPP projects.…”

Section: Cdw Recycling Ppp Projectsmentioning

confidence: 99%

How Can Construction and Demolition Waste Recycling Public–Private Partnership Projects Performance Compensate during the Operation Period? A Two-Stage Perspective of Recycling and Remanufacturing

Liu

Hao

et al. 2023

Systems

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Research in the field of project management has focused on recycling construction and demolition waste (CDW). However, the problem of how to compensate for the performance of CDW recycling public–private partnership (PPP) projects during the operation period has not been resolved. This paper aims to reveal the compensation mechanism during the operation period of CDW recycling PPP projects considering the two-stage performance of recycling and remanufacturing. This paper takes CDW recycling PPP projects as the research object and uses the Stackelberg game and principal-agent theory to establish and solve the master-slave game decision model of CDW recycling PPP projects. The main conclusions are as follows. When social welfare is maximized, the performance compensation coefficients in the recycling and remanufacturing stages are the same and have homogeneity. In addition, the compensation policy positively promotes the two-stage performance, social capital profit and social welfare of the recycling and remanufacturing of CDW recycling PPP projects. This paper not only broadens the application knowledge system of the relevant knowledge of project management in the field of CDW recycling but also provides new evidence for principal-agent theory from the operation stage of CDW recycling PPP projects.

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“…That being said, the public sector on its own is not able to cover the required financial resources and, therefore, private financing is needed to achieve higher penetration of renewable energy into the energy mix [3]. Citizens could contribute significant capital for renewables and, in some countries, citizens own a significant share of renewable energy production and have supported technology transitions by participating in various feed-in-tariff schemes [4,5,6]. In this regard, citizens may provide financial resources for the deployment of renewable energy sources [7,8].…”

Section: Introductionmentioning

confidence: 99%

Factors affecting citizens’ decision to invest in renewable energy

Karasmanaki,

Tsantopoulos

2023

E3S Web Conf.

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Renewable energy sources (RES) have been acknowledged as a feasible way to produce inexhaustible energy with significantly less harmful emissions compared to fossil fuels. RES investments could be the lever for increasing the deployment of RES and citizens could contribute significant capital. However, the understanding of their decision to invest is limited. Hence, the aim of this study is to understand the reasons for which citizens would invest in RES. To achieve this aim, a structured questionnaire was designed and 1,536 Greek citizens were recruited using simple random sampling. According to results, the examined economic, environmental and social reasons were evaluated highly. Regarding the economic reasons, citizens would mainly invest to reduce electricity bills and increase their income, while factor analysis showed that an economic and an investment dimension underlie economic motives to invest. In terms of environmental reasons, citizens seemed to acknowledge the ability of renewable systems to generate less harmful emissions and, through this effect, to protect fauna and air quality. As for social reasons, citizens regarded the investment as a way to adopt pro-environmental behavior. It is recommended to highlight appeals to economic, environmental and social benefits in campaigns addressed to citizens and aiming at promoting investments.

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An analysis of the factors affecting Irish citizens’ willingness to invest in wind energy projects

Cited by 18 publications

References 52 publications

Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

Empowering Sustainability: Understanding Determinants of Consumer Investment in Microgrid Technology in the UAE

How Can Construction and Demolition Waste Recycling Public–Private Partnership Projects Performance Compensate during the Operation Period? A Two-Stage Perspective of Recycling and Remanufacturing

Factors affecting citizens’ decision to invest in renewable energy

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