The Amenity Costs of Offshore Wind Farms: Evidence from a Choice Experiment
We
conduct a choice-experiment with individuals that recently rented a
vacation property along the North Carolina coastline to assess the
impacts of a utility-scale wind farm on their rental decisions.
Visualizations were presented to survey respondents that varied both the
number of turbines and their proximity to shore. Results indicate that
there is not a scenario for which respondents would be willing to pay more
to rent a home with turbines in view as compared to the baseline view
with no turbines in sight. Further, there is a substantial portion of
the survey population that would change their vacation destination if
wind farms were placed within visual range of the beach. The rental
discounts required to attract the segment of the survey population most
amenable to viewing wind farms still indicate that rental value losses
of five percent or more are possible if a utility-scale wind farm is
placed within eight miles of shore.
https://cenrep.ncsu.edu/2016/04/03/offshore-wind-tourism/
https://cenrep.ncsu.edu/publications/amenity-costs-offshore-wind/
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