U.S. willing to pay for green energy

Tuesday, May 15, 2012 @ 09:05 AM
posted by rene5432

A new survey suggests that many Americans are willing to pay quite a bit to support renewable electricity, according to The New York Times.

The survey, from researchers at Yale University and Harvard University, was published recently in the journal Nature Climate Change and looked not only at whether people would pay more for green energy, but how much they would pay.

Fairly frequently, people have overestimated the cost of renewable electricity, but often it does come at a higher electricity rate. However, on average the survey found that Americans would be willing to raise their electricity bills by around $162 per year.

That amounts to a 13 percent hike in costs that people wouldn't mind having to pay, at least as long as the country were actually using renewable electricity. The survey found that including natural gas and nuclear power as "green energy" left people a bit less interested in making the investment.

By comparison, Reuters reports that the British government, instead of pushing green energy specifically, is looking to legislate against carbon emissions. This kind of policy would help cut carbon emissions, but might not mean quite as much investment in renewable electricity.

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