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Estimation of the external cost of energy production based on fossil fuels in Finland and a comparison with estimates of external costs of wind power

Abstract

Ekono Energy Ltd. and Soil and Water Ltd. participated in 1993 - 1994 in the SIHTI 2 research programme of the Ministry of Trade and Industry by carrying out the project `Estimation of the extremal cost of energy production in Finland`. The aim of the survey was to assess the external costs of Finnish energy production which are incurred by the environmental impacts of emissions during the life cycles of fossil fuels. To this end, the survey studied the environmental impacts of emissions on a local level (population centres), on a national level (Finland) and on a global level. The main target was to develop a method for calculating the economic value of these impacts. The method was applied to the emissions in 1990. During the survey, the main emphasis was put on developing and applying indirect valuation methods. An indirect method proceeds through dose-response functions. The dose-response function links a certain emission quantity, concentration or deposition to the extent or intensity of the effect. When quantitative data on hazards is available, it is possible to carry out monetary valuation by means of market prices or people`s otherwise expressed willingness to pay (WTP). Monetary valuation includes many uncertainty factors, of  More>>
Authors:
Otterstroem, T [1] 
  1. Ekono Energy Ltd, Helsinki (Finland)
Publication Date:
Dec 31, 1995
Product Type:
Conference
Report Number:
NEI-FI-301; CONF-950974-
Reference Number:
SCA: 170400; 200105; 290301; PA: FI-96:003537; EDB-96:134265; SN: 96001645526
Resource Relation:
Conference: EWEA special topic conference on the economics of wind energy, Helsinki (Finland), 5-7 Sep 1995; Other Information: DN: EWEA - European Wind Energy Association; PBD: 1995; Related Information: Is Part Of The economics of wind energy. Collection of papers for discussions; Vihriaelae, H. [ed.]; PB: 207 p.
Subject:
17 WIND ENERGY; 20 FOSSIL-FUELED POWER PLANTS; 29 ENERGY PLANNING AND POLICY; WIND POWER; FOSSIL FUELS; COST ESTIMATION; GREENHOUSE GASES; EMISSION; POWER GENERATION; ELECTRIC POWER; ENVIRONMENTAL IMPACTS; FINLAND; DUAL-PURPOSE POWER PLANTS; ENVIRONMENTAL EFFECTS; HEALTH HAZARDS
OSTI ID:
283442
Research Organizations:
Finnish Wind Power Association, Espoo (Finland)
Country of Origin:
Finland
Language:
English
Other Identifying Numbers:
Other: ON: DE96777169; TRN: FI9603537
Availability:
OSTI as DE96777169
Submitting Site:
FI
Size:
pp. [6]
Announcement Date:
Sep 20, 1996

Citation Formats

Otterstroem, T. Estimation of the external cost of energy production based on fossil fuels in Finland and a comparison with estimates of external costs of wind power. Finland: N. p., 1995. Web.
Otterstroem, T. Estimation of the external cost of energy production based on fossil fuels in Finland and a comparison with estimates of external costs of wind power. Finland.
Otterstroem, T. 1995. "Estimation of the external cost of energy production based on fossil fuels in Finland and a comparison with estimates of external costs of wind power." Finland.
@misc{etde_283442,
title = {Estimation of the external cost of energy production based on fossil fuels in Finland and a comparison with estimates of external costs of wind power}
author = {Otterstroem, T}
abstractNote = {Ekono Energy Ltd. and Soil and Water Ltd. participated in 1993 - 1994 in the SIHTI 2 research programme of the Ministry of Trade and Industry by carrying out the project `Estimation of the extremal cost of energy production in Finland`. The aim of the survey was to assess the external costs of Finnish energy production which are incurred by the environmental impacts of emissions during the life cycles of fossil fuels. To this end, the survey studied the environmental impacts of emissions on a local level (population centres), on a national level (Finland) and on a global level. The main target was to develop a method for calculating the economic value of these impacts. The method was applied to the emissions in 1990. During the survey, the main emphasis was put on developing and applying indirect valuation methods. An indirect method proceeds through dose-response functions. The dose-response function links a certain emission quantity, concentration or deposition to the extent or intensity of the effect. When quantitative data on hazards is available, it is possible to carry out monetary valuation by means of market prices or people`s otherwise expressed willingness to pay (WTP). Monetary valuation includes many uncertainty factors, of which the most significant with regard to this study are the transferability of dose-response functions and willingness-to-pay values from different kinds of conditions, additivity of damage values, uncertainty factors and problems related to discounting}
place = {Finland}
year = {1995}
month = {Dec}
}