The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation
Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessmen...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Einarsdóttir, Sigríður Rós [verfasserIn] |
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| Format: |
E-Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2019transfer abstract |
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| Schlagwörter: |
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| Umfang: |
8 |
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| Übergeordnetes Werk: |
Enthalten in: Self-assembled 3D hierarchical MnCO - Rajendiran, Rajmohan ELSEVIER, 2020, Amsterdam [u.a.] |
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| Übergeordnetes Werk: |
volume:209 ; year:2019 ; day:1 ; month:02 ; pages:795-802 ; extent:8 |
| Links: |
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| DOI / URN: |
10.1016/j.jclepro.2018.10.156 |
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ELV045242178 |
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| 520 | |a Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. | ||
| 520 | |a Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. | ||
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| 700 | 1 | |a Davíðsdóttir, Brynhildur |4 oth | |
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10.1016/j.jclepro.2018.10.156 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001263.pica (DE-627)ELV045242178 (ELSEVIER)S0959-6526(18)33173-1 DE-627 ger DE-627 rakwb eng 540 VZ 35.18 bkl Einarsdóttir, Sigríður Rós verfasserin aut The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation 2019transfer abstract 8 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Wind energy Elsevier Renewable energy Elsevier Environmental impacts Elsevier Economic valuation Elsevier Iceland Elsevier Contingent valuation Elsevier Cook, David oth Davíðsdóttir, Brynhildur oth Enthalten in Elsevier Science Rajendiran, Rajmohan ELSEVIER Self-assembled 3D hierarchical MnCO 2020 Amsterdam [u.a.] (DE-627)ELV003750353 volume:209 year:2019 day:1 month:02 pages:795-802 extent:8 https://doi.org/10.1016/j.jclepro.2018.10.156 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U 35.18 Kolloidchemie Grenzflächenchemie VZ AR 209 2019 1 0201 795-802 8 |
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10.1016/j.jclepro.2018.10.156 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001263.pica (DE-627)ELV045242178 (ELSEVIER)S0959-6526(18)33173-1 DE-627 ger DE-627 rakwb eng 540 VZ 35.18 bkl Einarsdóttir, Sigríður Rós verfasserin aut The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation 2019transfer abstract 8 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Wind energy Elsevier Renewable energy Elsevier Environmental impacts Elsevier Economic valuation Elsevier Iceland Elsevier Contingent valuation Elsevier Cook, David oth Davíðsdóttir, Brynhildur oth Enthalten in Elsevier Science Rajendiran, Rajmohan ELSEVIER Self-assembled 3D hierarchical MnCO 2020 Amsterdam [u.a.] (DE-627)ELV003750353 volume:209 year:2019 day:1 month:02 pages:795-802 extent:8 https://doi.org/10.1016/j.jclepro.2018.10.156 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U 35.18 Kolloidchemie Grenzflächenchemie VZ AR 209 2019 1 0201 795-802 8 |
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10.1016/j.jclepro.2018.10.156 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001263.pica (DE-627)ELV045242178 (ELSEVIER)S0959-6526(18)33173-1 DE-627 ger DE-627 rakwb eng 540 VZ 35.18 bkl Einarsdóttir, Sigríður Rós verfasserin aut The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation 2019transfer abstract 8 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Wind energy Elsevier Renewable energy Elsevier Environmental impacts Elsevier Economic valuation Elsevier Iceland Elsevier Contingent valuation Elsevier Cook, David oth Davíðsdóttir, Brynhildur oth Enthalten in Elsevier Science Rajendiran, Rajmohan ELSEVIER Self-assembled 3D hierarchical MnCO 2020 Amsterdam [u.a.] (DE-627)ELV003750353 volume:209 year:2019 day:1 month:02 pages:795-802 extent:8 https://doi.org/10.1016/j.jclepro.2018.10.156 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U 35.18 Kolloidchemie Grenzflächenchemie VZ AR 209 2019 1 0201 795-802 8 |
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10.1016/j.jclepro.2018.10.156 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001263.pica (DE-627)ELV045242178 (ELSEVIER)S0959-6526(18)33173-1 DE-627 ger DE-627 rakwb eng 540 VZ 35.18 bkl Einarsdóttir, Sigríður Rós verfasserin aut The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation 2019transfer abstract 8 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Wind energy Elsevier Renewable energy Elsevier Environmental impacts Elsevier Economic valuation Elsevier Iceland Elsevier Contingent valuation Elsevier Cook, David oth Davíðsdóttir, Brynhildur oth Enthalten in Elsevier Science Rajendiran, Rajmohan ELSEVIER Self-assembled 3D hierarchical MnCO 2020 Amsterdam [u.a.] (DE-627)ELV003750353 volume:209 year:2019 day:1 month:02 pages:795-802 extent:8 https://doi.org/10.1016/j.jclepro.2018.10.156 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U 35.18 Kolloidchemie Grenzflächenchemie VZ AR 209 2019 1 0201 795-802 8 |
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10.1016/j.jclepro.2018.10.156 doi /cbs_pica/cbs_olc/import_discovery/elsevier/einzuspielen/GBV00000000001263.pica (DE-627)ELV045242178 (ELSEVIER)S0959-6526(18)33173-1 DE-627 ger DE-627 rakwb eng 540 VZ 35.18 bkl Einarsdóttir, Sigríður Rós verfasserin aut The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation 2019transfer abstract 8 nicht spezifiziert zzz rdacontent nicht spezifiziert z rdamedia nicht spezifiziert zu rdacarrier Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. Wind energy Elsevier Renewable energy Elsevier Environmental impacts Elsevier Economic valuation Elsevier Iceland Elsevier Contingent valuation Elsevier Cook, David oth Davíðsdóttir, Brynhildur oth Enthalten in Elsevier Science Rajendiran, Rajmohan ELSEVIER Self-assembled 3D hierarchical MnCO 2020 Amsterdam [u.a.] (DE-627)ELV003750353 volume:209 year:2019 day:1 month:02 pages:795-802 extent:8 https://doi.org/10.1016/j.jclepro.2018.10.156 Volltext GBV_USEFLAG_U GBV_ELV SYSFLAG_U 35.18 Kolloidchemie Grenzflächenchemie VZ AR 209 2019 1 0201 795-802 8 |
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The contingent valuation study of the wind farm Búrfellslundur - Willingness to pay for preservation |
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Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. |
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Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. |
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Following the success of two trial wind turbines, the national power company of Iceland, Landsvirkjun, proposed a wind farm at Búrfellslundur on the edge of the Icelandic highlands. The farm would comprise of 67 turbines with combined production capacity of 200 MW. The Environmental Impact Assessment for the development raised concerns about the visual impacts of the proposals on the surrounding countryside. In this study, the contingent valuation method was applied to evaluate preferences and estimate willingness to pay to preserve Búrfellslundur. This study represents only the third contribution in the international academic literature concerning the economic value of the environmental costs of developing wind farms, and the first focused on onshore resources. In addition, this paper fulfills a call by the OECD, who have requested that Iceland commence economic valuation of the environmental impacts of energy projects. A web-based contingent valuation survey was developed and issued by the University of Iceland's Social Science Research Institute, receiving 690 respondents. Of these, 28% were willing to pay for preservation. Interval regression using log-transformation was applied to estimate mean willingness-to-pay, which was 12,549 ISK (approximately US $128). When scaled up to the Icelandic population of taxpayers, the economic value of preserving Búrfellslundur was estimated to be 3.17 billion ISK (approximately US $32.3 million). These results are of a scale that could have a significant impact on the social welfare gains or losses associated with Búrfellslundur, and inform the international land-use management debate concerning the trade-offs of developing wind farms. |
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