Valuation for renewable energy: A comparative review

Renewable and Sustainable Energy Reviews

Volumn 12, Issue 9, 2008, Pages 2422-2437

  Menegaki, Angeliki ^a  

^a UNIVERSITY OF CRETE   (Greece)

Author keywords

Cost benefit analysis; Emergy analysis; Real option; Revealed preference; Stated preference

Indexed keywords

ECONOMICS; ENERGY POLICY; ENERGY RESOURCES; ENVIRONMENTAL MANAGEMENT; INDUSTRIAL ECONOMICS; RESOURCE VALUATION;

EMERGY ANALYSIS; REAL OPTION; RENEWABLE ENERGIES; REVEALED PREFERENCE; STATED PREFERENCE;

COST BENEFIT ANALYSIS;

EID: 50949118704     PISSN: 13640321     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.rser.2007.06.003     Document Type: Review

References (52)

1. Florida Power and Light Company. Available from: 〈http://www.fplenergy.com/〉 [accessed 12.12.2006].
2. Awerbuch S., and Sauter R. Exploiting the oil-GDP effect to support renewables deployment. Energy Policy 34 17 (2006) 2805-2819
3. Union of Concerned Scientists. Available from: 〈http://www.ucsusa.org/clean_energy/renewable_energy_basics/public-benefits-of-renewable-energy-use.html〉 [accessed 12.12.2006].
4. Renewable Choice Energy. Available from: 〈http://www.renewablechoice.com/index.php〉 [accessed 12.12.2006].
5. SECSI, Solar Energy Society of Canada Inc. Available from: 〈http://www.newenergy.org/secsi/publication/pamphlets/renewable.html〉 [accessed 12.12.2006].
6. Hanley N., and Spash C.L. Cost-benefit analysis and the environment (1993), Edward Elgar, UK pp. 278
7. Bateman I.J., and Langford I.H. Non-users' willingness to pay for a national park: an application and critique of the contingent valuation method. Reg Stud 31 6 (1995) 571-582
8. Carson R.T. Contingent valuation: a user's guide. Environ Sci Technol 34 8 (2000) 1413-1418
9. Hanley N. Cost-benefit analysis and environmental policymaking. Environ Plann 19 1 (2001) 103-118
10. Carson R.T., Flores N.E., and Meade N.F. Contingent valuation: controversies and evidence. Environ Resour Econ 19 2 (2001) 173-210
11. Nomura N., and Akai M. Willingness to pay for green electricity in Japan as estimated through contingent valuation method. Appl Energy 78 4 (2004) 453-463
12. Begoña A., and Hanley N. Using conjoint analysis to quantify public preferences over the environmental impacts of wind farms. An example from Spain. Energy Policy 30 2 (2002) 107-116
13. Hanley N., and Nevin C. Appraising renewable energy developments in remote communities: the case of the North Assynt Estate Scotland. Energy Policy 27 9 (1999) 527-547
14. Wiser R. Using contingent valuation to explore willingness to pay for renewable energy: a comparison of collective and voluntary payment vehicles. Ecol Econ 62 3-4 (2006) 419-432
15. Ek K. Public and private attitudes towards ''green'' electricity: the case of Swedish wind power. Energy Policy 33 13 (2005) 1677-1689
16. Borchers A.M., Duke J.M., and Parsons G.R. Does willingness to pay for green energy differ by source? Energy Policy 35 6 (2007) 3327-3334
17. Roe B., Teisl M.F., Levy A., and Russell M. US consumers' willingness to pay for green electricity. Energy Policy 29 11 (2001) 917-925
18. Batley S.L., Colbourne D., Fleming P.D., and Urwin P. Citizen versus consumer: challenges in the UK green power market. Energy Policy 29 6 (2001) 479-487
19. Wood L.L., Kenyon A.E., Desvousges W.H., and Morander L.K. How much are customers willing to pay for improvements in health and environmental quality?. Electr J 8 4 (1995) 70-77
20. Close J., Pang H., Lam K.H., and Li T. 10% from renewables? The potential contribution from an HK schools PV installation programme. Renewable Energy 31 (2006) 1665-1672
21. Zarnikau J. Consumer demand for 'green power' and energy efficiency. Energy Policy 31 15 (2003) 1661-1672
22. Siddiqui A., Marnay C., and Wiser R. Real options valuation of US federal renewable energy research, development, demonstration, and deployment. Energy Policy 35 1 (2007) 265-279
23. Bolinger M, Wiser R, Golove W. Quantifying the value that wind power provides as a hedge against volatile natural gas prices. In: Proceedings of WINDPOWER 2002, June 2-5, 2002, Portland, Oregon. Environmental Energy Technologies Division, Ernest Orlando Lawrence Berkeley National Laboratory, University of California, June 2002 Available from: 〈http://eetd.lbl.gov/EA/EMP/〉.
24. Davis G.A., and Owens B. Optimizing the level of renewable electric R&D expenditures using real options analysis. Energy Policy 31 15 (2003) 1589-1608
25. Yu W., Sheblé G.B., Peças Lopes J.A., and Matos M.A. Valuation of switchable tariff for wind energy. Electr Power Syst Res 76 5 (2006) 382-388
26. Venetsanos K., Angelopoulou P., and Tsoutsos T. Renewable energy sources project appraisal under uncertainty: the case of wind energy exploitation within a changing energy market environment. Energy Policy 30 4 (2002) 293-307
27. Martin J. Emergy valuation of diversions of river water to marshes in the Mississippi River Delta. Ecol Eng 18 3 (2002) 265-286
28. Higgins J. Emergy analysis of the Oak Openings region. Ecol Eng 21 1 (2003) 75-109
29. Costanza R., Farber S., and Maxwell J. Valuation and management of wetland ecosystems. Ecol Econ 1 4 (1989) 335-361
30. MacLeod M., Moran D., and Spencer I. Counting the cost of water use in hydroelectric generation in Scotland. Energy Policy 34 15 (2006) 2048-2059
31. Lawn P. An assessment of the valuation methods used to calculate the index of sustainable economic welfare (ISEW), genuine progress indicator (GPI), and sustainable net benefit index (SNBI). Environ Dev Sustainability 7 2 (2005) 185-208
32. Neumayer E. On the methodology of ISEW, GPI and related measures: some constructive suggestions and some doubt on the 'threshold' hypothesis. Ecol Econ 34 (2000) 347-361
33. Jenerette G., Marussich W., Joshua P., and Newell J. Linking ecological footprints with ecosystem valuation in the provisioning of urban freshwater. Ecol Econ 59 1 (2006) 38-47
34. Sundqvist T. What causes the disparity of electricity externality estimates?. Energy Policy 32 15 (2004) 1753-1766
35. Richards J. ''Precious'' metals: the case for treating metals as irreplaceable. J Cleaner Prod 14 3-4 (2006) 324-333
36. Knowler D. 'Short Cut' techniques to incorporate environmental considerations into project appraisal: an exploration using case studies. J Environ Plann Manage 48 5 (2005) 747-770
37. Weisser D. Costing electricity supply scenarios: a case study of promoting renewable energy technologies on Rodriguez, Mauritius. Renewable Energy 29 8 (2004) 1319-1347
38. Marafia A.-H., and Ashour H. Economics of off-shore/on-shore wind energy systems in Qatar. Renewable Energy 28 12 (2003) 1953-1963
39. El-Kordy M.N., Badr M.A., Abed K.A., and Ibrahim Said M.A. Economical evaluation of electricity generation considering externalities. Renewable Energy 25 2 (2002) 317-328
40. Bhuiyan M.M.H., Asgar M.A., Mazumder R.K., and Hussain M. Economic evaluation of a stand-alone residential photovoltaic power system in Bangladesh. Renewable Energy 21 (2000) 403-410
41. Polatidis H., and Haralambopoulos D.A. Local renewable energy planning: a participatory multi-criteria approach. Energy Sources 26 13 (2004) 1253-1264
42. Tsagarakis K.P., and Papadogiannis Ch. Technical and economic evaluation of the biogas utilization for energy production at Iraklio municipality, Greece. Energy Convers Manage 47 7-8 (2006) 844-857
43. Tsagarakis KP. Optimal number of energy generators for the biogas utilization in wastewater treatment facility. Energy Convers Manage 2007, in press.
44. Ivanova G. Queensland consumers' willingness to pay for electricity from renewable energy sources. Available from: 〈http://www.anzsee.org/anzsee2005papers/Ivanova_%20WTP_for_renewable_energy.pdf〉 [accessed 30/12/2006].
45. Bergmann A., Hanley N., and Wright R. Valuing the attributes of renewable energy investments. Energy Policy 34 9 (2006) 1004-1014
46. Felder F. Integrating financial theory and methods in electricity resource planning. Energy Policy 24 2 (1996) 149-154
47. Awerbuch S. Investing in photovoltaics: risk, accounting and the value of new technology. Energy Policy 28 14 (2000) 1023-1035
48. Kumbaroǧlu G, Madlener R, Demirel M. A real options evaluation model for the diffusion prospects of new renewable power generation technologies. Energy Econ 2007, in press.
49. Shapiro A. Multinational financial management. 5th ed. (1996), Prentice-Hall, Englewood Cliffs, NJ p. 844
50. Copeland T.E., and Weston J.F. Financial theory and corporate policy. 3rd ed. (1992), Addison-Wesley, Reading, MA p. 946
51. Pulselli RM, Pulselli FM, Rustici M. Emergy accounting of the Province of Siena: towards a thermodynamic geography for regional studies. J Environ Manage 2006, in press.
52. Awerbuch S. The problem of valuing new energy technologies. Energy Policy 24 2 (1996) 127-128