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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Political Economy of Energy Supply Location: B131 Session Chair: Stephan A. Schneider, Stanford University | |
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Wind Power and Veto Power 1: Stanford University, CESifo, KOF - ETH Zurich; 2: IIES - Stockholm University Every society faces decisions about where to locate infrastructure that benefits the general public but creates concentrated local costs. This study examines how decentralizing decision-making authority shapes the allocation of critical yet locally contested facilities, focusing on Sweden's introduction of municipal veto power over onshore wind farms. Using data on all approved and rejected onshore wind farms, we generate site-specific estimates of energy production and local externalities, measured by impacts on individual real estate transaction prices. To assess the consequences of decentralization, we develop a simulation that compares each planned wind farm in Sweden over the past 25 years with every possible alternative site to which developers could have applied. This analysis highlights an inherent trade-off between national efficiency and reducing local externalities. Faced with this trade-off, local politicians with veto rights prioritize their constituents' interests and are more likely to reject applications that would impose higher costs on local residents. Decentralization reduces local burdens at the expense of national siting efficiency and shifts costs toward neighboring municipalities and socially disadvantaged groups. | |