Renewable Energy and Negative Externalities: The Effect of Wind Turbines on House Prices

Konferenzbeitrag

SUMMARY ― In many countries, wind turbines are constructed as part of a strategy to reduce fossil fuel dependence. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby properties. Using a unique transaction price dataset covering the period 1985-2011 and the exact location of all wind turbines built in the Netherlands, we find that property prices within a 2 km radius of a wind turbine, after it has been constructed, are on average 1.4 percent lower than property prices in comparable neighborhoods. We provide further evidence that the external costs of wind turbines are at least 10 percent of construction costs.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: 54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Housing Supply and Markets ; Alternative Energy Sources ; Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment ; Electric Utilities

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Droes, Martijn
• Ereignis: Veröffentlichung
• (wer): European Regional Science Association (ERSA)
• (wo): Louvain-la-Neuve
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/124530
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ