Complementing choice experiment with contingent valuation data: Individual preferences and views towards IV generation nuclear energy in the UK

Date
2020-01
Authors
Contu, Davide
Mouratob, Susana
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier Ltd
Abstract
Nuclear energy represents an essential component of the energy mix in the United Kingdom (UK). While most of the existing nuclear plants are scheduled to be decommissioned, new reactors are in the process of being built. Looking ahead, IV generation nuclear energy technology, that aims to minimize some of the hazards of current technologies, is under research and development (R&D). This paper investigates social acceptance of IV generation nuclear energy, examining both willingness to accept (WTA) new nuclear power plants and willingness to pay (WTP) for further research of IV generation technology. Choice experiments (CE) were employed to assess WTA, while contingent valuation (CV) was used to unveil WTP. Results revealed the presence of four segments of respondents: moderate supporters, strong opposers, and two groups of moderate opposers of new nuclear power plants. Interestingly, even amongst strong opposers there are individuals willing to pay for R&D of IV generation technology. Policies aimed at fostering trust – if deserved – towards nuclear energy corporations and authorities, as well as showing tangible progress of R&D to raise confidence among the public are key to foster acceptance of this nuclear energy technology. © 2019 Elsevier Ltd
Description
This article is not available at CUD collection. The version of scholarly record of this article is published in Energy Policy (2020), available online at: https://doi.org/10.1016/j.enpol.2019.111032
Keywords
Choice experiments, Contingent valuation, Nuclear energy, Public acceptance, Economics, Nuclear fuels, Nuclear power plants, Energy technologies, Generation technologies, Individual preference, Public acceptance, Research and development, Willingness to accept, nuclear power, power plant, preference behavior, willingness to pay, United Kingdom
Citation
Contu, D., & Mourato, S. (2020). Complementing choice experiment with contingent valuation data: Individual preferences and views towards IV generation nuclear energy in the UK. Energy Policy, 136, 111032. https://doi.org/10.1016/j.enpol.2019.111032