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http://dx.doi.org/10.7846/JKOSMEE.2013.16.3.217

Measurement of the Greenhouse Gas Emission Benefits from the Marine Bio-Energy Development Project  

Kim, Tae-Young (Center for Promoting Utilization of R&D Results, Korea Institute of Ocean Science & Technology (KIOST))
Pyo, Hee-Dong (Department of Marine Business and Economics, Pukyong National University)
Kim, Hye-Min (Center for Promoting Utilization of R&D Results, Korea Institute of Ocean Science & Technology (KIOST))
Park, Se-Hun (Environment & Economics Assessment Section, KIOST)
Publication Information
Journal of the Korean Society for Marine Environment & Energy / v.16, no.3, 2013 , pp. 217-225 More about this Journal
Abstract
It is time to develop new renewable energy that could fundamentally replace fossil fuel, which has been increasingly needed due to environmental pollution and energy security. Korean marine bio-energy development project is planned to produce 50% of total bioenergy. This study attempts to measure the greenhouse gas emission reduction benefits of marine bio-energy development project through contingent valuation method. Single bounded dichotomous choice (SBDC) is applied with spike model. The results show that the average willingness to pay are estimated to be KRW 4,190 at SBDC, per household per year. If the result has been expanded to the region which is survey conducted, KRW 50.1 billion annually. These quantitative information can be usefully utilized in the cost benefit analysis to implement project and policy-making for the industrialization of marine bio-energy development project.
Keywords
Marine bio-energy; Contingent valuation method; Willingness to pay; Single bounded dichotomous choice;
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Times Cited By KSCI : 3  (Citation Analysis)
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