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Sustainability 2014, 6(8), 5378-5400; doi:10.3390/su6085378

The Question of Sustainability of Green Electricity Policy Intervention

Department of Economics, University of Perugia, via A. Pascoli 21, 06123 Perugia, Italy
These authors contributed equally to this work.
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Received: 1 July 2014 / Revised: 11 August 2014 / Accepted: 12 August 2014 / Published: 19 August 2014
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Abstract

In this paper, we analyse the financial viability and economic sustainability implications of government programs for the development of renewable energy sources, explicitly considering that consumers take environmental issues into account. We envisage a broad policy strategy for the future, which we label the “World Sustainable Scenario”, and we quantify the inter-temporal resource requirement in terms of investment necessary to achieve it. We perform an empirical meta-analysis to quantify the willingness to pay for green electricity worldwide. Subsequently, we compare the amount of resources required according to policy programs and the populations’ willingness to sacrifice current resources for future benefits (i.e., willingness to finance future investments) to assess the plausibility of current policies. The main empirical findings show that the population’s attitude toward green electricity will support, on average, 50% of the total investment required. We conclude that this is a positive result, which will make possible the success of the renewable energy sources development policy. View Full-Text
Keywords: renewable energy sources; green electricity; technology investment; CO2 abatement; meta-analysis regression; sustainable development; willingness to pay renewable energy sources; green electricity; technology investment; CO2 abatement; meta-analysis regression; sustainable development; willingness to pay
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This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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MDPI and ACS Style

Bigerna, S.; Bollino, C.A.; Polinori, P. The Question of Sustainability of Green Electricity Policy Intervention. Sustainability 2014, 6, 5378-5400.

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