Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Egg-Timer: Environmental Policy and Sustainability Location: D-107 Session Chair: Akash Kumar Biswal, Indian Institute of Science Education and Research Bhopal, India | |
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Balancing economic, environmental, and social trade-offs in offshore wind development: Evidence from public preferences in Australia UWA Centre for Environmental Economics and Policy, The University of Western Australia, Australia Harnessing offshore wind energy offers a significant opportunity to contribute to the global transition to renewable energy. However, public acceptance remains essential to success. This study uses a discrete choice experiment to assess Australian preferences for offshore wind projects, focusing on trade-offs between visual impacts, local investment, environmental protections, and electricity bill changes. Mixed logit and latent class models reveal significant heterogeneity in preferences. Most respondents prefer projects located further from shore, with greater regional benefits, and stronger protections for marine mammals and birds. A cost-sensitive segment shows strong aversion to bill increases, while another group shows high willingness-to-pay and lower cost sensitivity, particularly among environmentally concerned, higher income individuals. We find asymmetries between willingness-to-pay and willingness-to-accept for bill changes, consistent with loss aversion. Respondents are more sensitive to bill increases than to equivalent savings. These findings provide valuable insights for offshore wind policy that address diverse community preferences while delivering maximum economic, environmental, and social benefits. | |