The use of willingness-to-pay (WTP) method to identify potential for use of solar energy

Solar energy is one of the renewable energy systems that are the most environmentally friendly means of providing electricity. Developing countries such as in Asia has experiencing spectacular economic growth over the past two decades. Improvement in living standards increases the demand for electro...

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Main Author:	Abdol Mulok, Norleen Fariza
Format:	Thesis
Language:	English
Published:	2008
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/11114/1/NorleenFarizaMFKA2009.pdf
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spelling	my-utm-ep.111142018-10-14T07:21:40Z The use of willingness-to-pay (WTP) method to identify potential for use of solar energy 2008-06 Abdol Mulok, Norleen Fariza TA Engineering (General). Civil engineering (General) Solar energy is one of the renewable energy systems that are the most environmentally friendly means of providing electricity. Developing countries such as in Asia has experiencing spectacular economic growth over the past two decades. Improvement in living standards increases the demand for electronic appliances and others for living comfort. This will result in the pressure of energy demand. One of the ways to improve the energy efficiency is by the use of clean energy such as solar energy as a real solution. Presently, the common issue in developing Asian countries is subsidies for fossil fuels which have been the obstacle to the penetration of renewable energy. As for this study, Kuala Lumpur has been chosen as the study area. This study focused on the awareness of the public on the solar energy and their willingness to pay (WTP) and use through observation and survey. For this study, one hundred and twenty respondents were involved. Result shows that the level of awareness is high (83%). Result shows 26.2% WTP of RM 5,000; with a mode value of RM 4,140. A linear correlation exists between marital status and family income on how much people are willing to spend. Higher family income and single respondents tend to have higher WTP. However, overall interest on solar energy depends on income and gender. Those with higher personal income are more interested in this technology. It also shows that female have higher interest in solar energy. 2008-06 Thesis http://eprints.utm.my/id/eprint/11114/ http://eprints.utm.my/id/eprint/11114/1/NorleenFarizaMFKA2009.pdf application/pdf en public masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering Amin N et al., A practical field study of various solar cells on their performance in Malaysia, Renewable Energy (2009), doi:10.1016/j.renene.2008.12.005. Andreev, V.M., Grilikhes V.A. and Rumyantsev V.D. Photovoltaic Conversion of Concentrated Sunlight. West Sussex, England: John Wiley and Sons Ltd. 1997. Farret F.A., Simões M.G. Integration of Alternative Sources of Energy. Wiley-IEEE, 2006. Ganopolski, A. (2005) Anthropogenic Global Warming: Evidence, Prediction and Concequences. Goswani, D. Y. Advances in Solar Energy. (pg1-5). Townbridge: Cromwell Press. Jafar A. H. et al., Environmental Impact of Alternative Fuel Mix in Electricity Generation in Malaysia, Science Direct. Renewable Energy 33, 2229-2235. Jessie Grace Goh Poh Ling. The Use of Contingent Valuation Method (Willingness- To-Pay) in an Environmental Assessment of A Dreding Project. Masters Thesis. Universiti Teknologi Malaysia; 2009. Local BIPV Pricing Trend, Malaysia Building Integrated Photovoltaic (BIPV) Technology Application Project, Malaysia: 2008. <http://www.mbipv.net.my/price2.html> PTM. National Energy Balance Malaysia 2003. Ministry of Energy, Communication and Multimedia, Malaysia; 2003. Raymond J. K., Werner W. P., Schwarz N., (1997) Determining the value of nonmarketed goods: economics, psychological, and policy relevant aspects of contingent valuation methods. (pg. 237-238) : Springer. Sorenson B. (2004) Renewable energy: its physics, engineering, use, environmental impacts, economy, and planning aspects. (pg. 788) Academic Press Tabb P. (1984) Solar Energy Planning. Colorado: McGraw-Hill, Inc. Oerlemans J. et al., Estimating the contribution of Arctic glaciers to sea-level change in the next 100 years, Annals of Glaciology. 1(42). 230-236. http://www.mbipv.net.my http://www.ptm.gov http://www.
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Abdol Mulok, Norleen Fariza The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
description	Solar energy is one of the renewable energy systems that are the most environmentally friendly means of providing electricity. Developing countries such as in Asia has experiencing spectacular economic growth over the past two decades. Improvement in living standards increases the demand for electronic appliances and others for living comfort. This will result in the pressure of energy demand. One of the ways to improve the energy efficiency is by the use of clean energy such as solar energy as a real solution. Presently, the common issue in developing Asian countries is subsidies for fossil fuels which have been the obstacle to the penetration of renewable energy. As for this study, Kuala Lumpur has been chosen as the study area. This study focused on the awareness of the public on the solar energy and their willingness to pay (WTP) and use through observation and survey. For this study, one hundred and twenty respondents were involved. Result shows that the level of awareness is high (83%). Result shows 26.2% WTP of RM 5,000; with a mode value of RM 4,140. A linear correlation exists between marital status and family income on how much people are willing to spend. Higher family income and single respondents tend to have higher WTP. However, overall interest on solar energy depends on income and gender. Those with higher personal income are more interested in this technology. It also shows that female have higher interest in solar energy.
format	Thesis
qualification_level	Master's degree
author	Abdol Mulok, Norleen Fariza
author_facet	Abdol Mulok, Norleen Fariza
author_sort	Abdol Mulok, Norleen Fariza
title	The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
title_short	The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
title_full	The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
title_fullStr	The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
title_full_unstemmed	The use of willingness-to-pay (WTP) method to identify potential for use of solar energy
title_sort	use of willingness-to-pay (wtp) method to identify potential for use of solar energy
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2008
url	http://eprints.utm.my/id/eprint/11114/1/NorleenFarizaMFKA2009.pdf
_version_	1747814814087905280

The use of willingness-to-pay (WTP) method to identify potential for use of solar energy

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