Effects of Waste-to-Energy Plants on China's Urbanization: Evidence from a Hedonic Price Analysis in Shenzhen

被引:25
|
作者
Sun, Chuanwang [1 ,2 ]
Meng, Xiaochun [1 ]
Peng, Shuijun [2 ]
机构
[1] Xiamen Univ, Sch Econ, China Ctr Energy Econ Res, Xiamen 361005, Peoples R China
[2] Xiamen Univ, Sch Econ, Dept Int Econ & Business, Xiamen 361005, Peoples R China
关键词
waste-to-energy; hedonic price model; NIMBY impacts; RESIDENTIAL PROPERTY-VALUES; NUCLEAR-POWER-PLANTS; HOUSING VALUES; IMPACT; SITES; MSW; FACILITIES; MARKET; NIMBY; EXTERNALITIES;
D O I
10.3390/su9030475
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Along with the accelerated process of China's urbanization, the increasing urban population has put much pressure on solid waste disposal. A speeding-up development plan of waste incineration power generation has been launched in China, which aims to resolve the dilemma where many cities are besieged by waste. However, due to the potential impact on surrounding environment, the site selection of these facilities has encountered protests from local residents. The economic reflection of the non-market public sentiment precisely embodies the prices of surrounding real estate market. Taking Shenzhen city as an example, this paper applies a hedonic price model to evaluate its impact on local housing values. The results show that for every additional kilometer the property is away from WTE (waste-to-energy) plants, the value of real estate can increase by 1.30%. If the distance is restricted to within 5 km, the effect rises to 8.6%, which remarkably increases negative externality. In addition, the depreciation impacts on property in two regions of Shenzhen city are significantly different. Policies for reducing the negative effects of the WTE plants are recommended.
引用
收藏
页码:1 / 18
页数:18
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