US consumers’ willingness to pay for green electricity

Roe, Brian E.; Teisl, Mario F.; Levy, Alan S.; Russell, Matthew B.

doi:10.1016/s0301-4215(01)00006-4

Cited by 449 publications

(134 citation statements)

References 5 publications

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“…Both measures of personal income are positively related to the adoption of energy-efficient (Energy Star) and sustainable (LEED) construction practices. The scatter diagrams are consistent with empirical evidence reporting the positive association between income and the willingness to pay for environmental goods (Roe et al 2001) and the correlation between income and the support for public environmental spending (Elliott et al 1997).…”

Section: Cross-sectional Evidence On the Diffusion Of Energy Efficiencysupporting

confidence: 85%

“…The financial payoff from energy efficiency should be related to conditions in the property market, but more-orless independent of other general economic conditions in a metropolitan area. However, it is sometimes argued that "green" is a luxury good, or one which provides a "warm glow," and thus the adoption of more sustainable building technologies may be related to local prosperity (Roe et al 2001). We employ two measures of income: per capita personal income, and the average wages and salaries both reported for the MSA.…”

Section: Datamentioning

confidence: 99%

“…LEED certification is based on a variety of aesthetic features of building, and energy efficiency is less important. These features are apparently more important in metropolitan areas where incomes are higher, which may be related to the positive association between income and the willingness to pay for environmental goods (Roe et al 2001). Also, the ancillary benefits of LEED certification may be more valuable in areas where incomes, and thus the average value-added per employee, are higher.…”

Section: Dynamic Evidence On the Diffusion Of Energy Efficiencymentioning

confidence: 99%

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The diffusion over time and space of energy efficiency in building

2012

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Awareness of global warming and the extent of greenhouse gas emissions have focused more attention upon energy efficiency in building. Moreover, the inventory of "green" office space in the United States has increased dramatically since the introduction of rating schemes that attest to the energy efficiency or sustainability of commercial buildings. In some metropolitan areas, the supply of certified office buildings has more than doubled in the last decade, and there are a few metropolitan areas where "green" office space now accounts for more than a quarter of the total office stock. In this paper, we analyze the diffusion of buildings certified for energy efficiency across US property markets. Using a panel of 48 metropolitan areas observed over the last fifteen years, we trace the diffusion of green building practices across the country. We then model the geographic patterns and dynamics of building certification, relating industry composition, changes in economic conditions, characteristics of the local 123 542 N. Kok et al. commercial property market, and the presence of human capital, to the cross-sectional variation in energy-efficient building technologies and the diffusion of those technologies over time. Understanding the determinants and the rate at which energy-efficient building practices diffuse over space and time is important for designing policies to affect resource consumption in the built environment. JEL Classification

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Section: Cross-sectional Evidence On the Diffusion Of Energy Efficiencysupporting

confidence: 85%

Section: Datamentioning

confidence: 99%

Section: Dynamic Evidence On the Diffusion Of Energy Efficiencymentioning

confidence: 99%

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The diffusion over time and space of energy efficiency in building

2012

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“…There is strong evidence to suggest that consumers are willing to pay relatively higher price for various ecolabeled products [5][6][7][8][9][10][11], but little evidence to exhibit what determines the amount of consumers' willingness to pay (WTP). In particular, limited to our knowledge, there is almost no study in the literature examining and comparing the consumers' WTP among various kinds of ecolabeled products.…”

Section: Introductionmentioning

confidence: 99%

Understanding the Determinants of Consumers’ Willingness to Pay for Eco-Labeled Products: An Empirical Analysis of the China Environmental Label

Shen¹

2012

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This study applies data from a web-based survey conducted in mainland China to examine the determinants of consumers' willingness to pay (WTP) for seven different product categories awarded with China Environmental Label and compare the mean WTP estimates among these categories. The Interval Regression method is used for estimation. The results indicate that Chinese consumers who regard environmental conservation as being more important than life convenience, who believe purchasing the eco-labeled products is good for the environment, and who have the experience in purchasing eco-labeled products are willing to pay more for those products with environmental label or eco-label. In addition, socio-demographic characteristics such as gender, age, education and household income are found to be important factors to affect Chinese consumers' WTP amounts. Finally, the results of pair-wise comparison among the mean WTP estimates of various eco-labeled products indicate that most of them are different, which implies that the degrees of Chinese consumers' willingness to pay extra money for China Environmental Label are different based on the types of products.

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“…Consumers' WTP for various green or eco-friendly products such as eco-labelled food, green electricity and environmentally certified wood products have been widely researched (Blend & van Ravenswaay, 1999;Viosky et al, 1999;Roe et al, 2001;Krystallis & Chryssohoidis, 2005). The literature indicates that consumers' WTP for greenness varies across different kinds of products.…”

Section: Willingness To Pay For Green Productsmentioning

confidence: 99%