Korean public’s perceptions on supply security of fossil fuels: A contingent valuation analysis

Kim, Jihyo

doi:10.1016/j.apenergy.2014.10.016

Cited by 27 publications

(4 citation statements)

References 30 publications

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“…In the recent years a significant amount of research has been devoted the WTP for green electricity in different places [14,[20][21][22][23][24][25][26][27]. Hast et al [4] analysed the questionnaire's answers from the Shanghai region in China by the generalized linear regression model.…”

Section: Literature Reviewmentioning

confidence: 99%

Consumers’ Attitudes to Support Green Energy: A Case Study in Shanghai

et al. 2019

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Residents’ willingness to use green energy products is a major concern for different stakeholders and policymakers due to the reformed Chinese electricity market since 2015. This study focused on the Chinese consumer’s willingness to opt and pay for environmentally-friendly electricity sources in Shanghai’s residential sector. A questionnaire survey was used to find out the influence of gender, age, education, awareness and income level on consumers’ attitudes to alter their energy sources to green ones. The results indicated that income level and awareness are significant barriers in the usage of green energy products. Increasing the respondent’s awareness about the issues of non-green energy products convinced 97% of them to change their electricity sources completely or partly, in line with their monthly income. This clearly shows that clarifying the benefits of green energy products is a key tool to achieve a green environment in China.

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Section: Literature Reviewmentioning

confidence: 99%

Consumers’ Attitudes to Support Green Energy: A Case Study in Shanghai

et al. 2019

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“…In general CVM analysis, a structured questionnaire suggests a hypothetical situation change to ask direct question of WTP or WTA to respondents. Especially for the energy field, the CVM is often used to determine the WTP and WTA about renewable preference, energy supply security evaluation, and social value (Jinsoo Kim & Kim, 2015 ; Junghun Kim et al, 2018 ; K. Kim et al, 2015 ; Lee & Cho, 2020 ).…”

Section: Methodsmentioning

confidence: 99%

Estimating implicit discount rate for energy efficiency investment using the contingent valuation method: a case study in South Korea

2022

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This study measures the implicit discount rate (IDR) for energy efficiency investment at the household level. Our pioneering attempt to use the contingent valuation method suggests fresh insights into relieving the possible problems induced when the IDR is estimated using multiple price list and open-ended questions. Using the survey data from 2392 respondents in South Korea, we measured the IDR for appliances with high energy efficiency. The measurement ranges from 21.80 to 25.94%, implying the overestimation in existing literature. This study contributes to the literature by determining the role of cognition and experience in energy efficiency investment. Cognition has a statistically significant negative impact on IDR and depends on the appliance type, whereas risk preference has no meaningful impact. Energy efficiency improvement experiences are the critical factor in reducing IDR, that is, promoting energy efficiency investment, especially for recently introduced appliances. Overall, our finding suggests that information that induces high cognition on the cost–benefit analysis and energy efficiency labeling can lower IDR and thus promote energy efficiency. Our study also suggests that targeting energy consumers who have experience in energy-saving campaigns or programs could be a priority because such experiences are crucial to IDR reduction.

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“…Monthly electricity bill measures electricity consumption and is one of the determinants of WTP. Higher electricity consumption may indicate more dependence on electricity, which results in higher WTP for more electricity investments (Guo et al, 2014;Kim et al, 2015).…”

Section: Descriptive Statisticsmentioning

confidence: 99%