Trading off visual disamenity for renewable energy: Willingness to pay for seaweed farming for energy production

Demel, Simona; Longo, Alberto; Mariel, Petr

doi:10.1016/j.ecolecon.2020.106650

Cited by 10 publications

(3 citation statements)

References 40 publications

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“…For example, shading may result in adverse effects on bottom fauna, causing harmful seaweed blooms. Demel et al (2020) studied the willingness to accept disamenity caused by seaweed farms and the production of green energy. In a choice experiment conducted in the United Kingdom, the researchers found that people are willing to make this trade-off.…”

Section: Environmental Aspectsmentioning

confidence: 99%

The Economics of Aquatic Plants: The Case of Algae and Duckweed

Palatnik

2022

Annu. Rev. Resour. Econ.

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This review examines global microalgae, seaweeds, and duckweed (MSD) production status and trends. It focuses on cultivation, recognizing the sector's existing and potential contributions and benefits, highlighting a variety of constraints and barriers over the sector's sustainable development. It also discusses lessons learned and ways forward to unlock the sector's full potential. In contrast to conventional agriculture crops, MSD can rapidly generate large amounts of biomass and carbon sequestration yet does not compete for arable land and potable water, ensuring minimal environmental impacts. Moreover, MSD's applications are ubiquitous and reach almost every industrial sector, including ones essential to meeting the increasing needs of human society, such as foods, pharmaceuticals, and chemicals. To this end, the growing public awareness regarding climate change, sustainable food, and animal welfare yields a significant shift in consumer preference and propels the demand for MSD. In addition, once governments usher in durable and stable carbon policies, the markets for MSD are likely to increase severalfold. Expected final online publication date for the Annual Review of Resource Economics, Volume 14 is October 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

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Section: Environmental Aspectsmentioning

confidence: 99%

The Economics of Aquatic Plants: The Case of Algae and Duckweed

Palatnik

2022

Annu. Rev. Resour. Econ.

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“…Demel et al [ 49 ] analyze the same dataset using the simpler RPL-UC model without any interactions with the socio-demographic variables and not using responses to any attitudinal questions, finding that people are willing to use more coastline to farm seaweed in order to power more households. That is, they are willing to make a trade-off between the visual disamenity caused by the seaweed farms and producing more green energy.…”

Section: Case Studymentioning

confidence: 99%

Modelling welfare estimates in discrete choice experiments for seaweed-based renewable energy

2021

Self Cite

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We explore what researchers can gain or lose by using three widely used models for the analysis of discrete choice experiment data—the random parameter logit (RPL) with correlated parameters, the RPL with uncorrelated parameters and the hybrid choice model. Specifically, we analyze three data sets focused on measuring preferences to support a renewable energy programme to grow seaweed for biogas production. In spite of the fact that all three models can converge to very similar median WTP values, they cannot be used indistinguishably. Each model is based on different assumptions, which should be tested before their use. The fact that standard sample sizes usually applied in environmental valuation are generally unable to capture the outcome differences between the models cannot be used as a justification for their indistinct application.

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“…Specifically, the study aims to understand the effects of food labels (RSPCA Assured and Red Tractor), cause-related marketing campaigns, and price on consumers' willingness to pay. DCEs enhance understanding of consumers' processing and evaluation of quality cues by simulating real-life purchasing situations which force consumers to make trade-offs between varying attributes (Dardanoni and Guerriero, 2021;Demel et al, 2020;Tonsor et al, 2009). In this study, the DCE incorporates both an animal welfare focused label (RSPCA Assured) as well as a national farming label (Red Tractor) and CRM on-packaging claims relating to farmers and planting meadows.…”

Section: Introductionmentioning

confidence: 99%