title: Monetising the impacts of waste incinerators sited on brownfield land using the hedonic pricing method.
abstract: In England and Wales planning regulations require local governments to treat waste near its source. This policy principle alongside regional self-sufficiency and the logistical advantages of minimising distances for waste treatment mean that energy from waste incinerators have been built close to, or even within urban conurbations. There is a clear policy and research need to balance the benefits of energy production from waste incinerators against the negative externalities experienced by local residents. However, the monetary costs of nuisance emissions from incinerators are not immediately apparent. This study uses the Hedonic Pricing Method to estimate the monetary value of impacts associated with three incinerators in England. Once operational, the impact of the incinerators on local house prices ranged from approximately 0.4% to 1.3% of the mean house price for the respective areas. Each of the incinerators studied had been sited on previously industrialised land to minimise overall impact. To an extent this was achieved and results support the effectiveness of spatial planning strategies to reduce the impact on residents. However, negative impacts occurred in areas further afield from the incinerator, suggesting that more can be done to minimise the impacts of incinerators. The results also suggest that in some case the incinerator increased the value of houses within a specified distance of incinerators under specific circumstances, which requires further investigation.
authors.affiliation: School of Energy, Environment and Agrifood, Cranfield University, Cranfield MK43 0AL, United Kingdom.
authors.forename: Monica
authors.initials: M
authors.lastname: Rivas Casado
authors.affiliation: School of Energy, Environment and Agrifood, Cranfield University, Cranfield MK43 0AL, United Kingdom.
authors.forename: Jan
authors.initials: J
authors.lastname: Serafini
authors.affiliation: School of Management, Cranfield University, Cranfield MK43 0AL, United Kingdom.
authors.forename: John
authors.initials: J
authors.lastname: Glen
authors.affiliation: School of Management, Cranfield University, Cranfield MK43 0AL, United Kingdom. Electronic address: a.angus@cranfield.ac.uk.
authors.forename: Andrew
authors.initials: A
authors.lastname: Angus
mesh_terms: D003365:Costs and Cost Analysis; D004739:England; D004781:Environmental Exposure; D017745:Incineration / Q000191:economics* / Q000295:instrumentation
keywords: Hedonic pricing method; Incinerator; Negative externalities; Willingness to pay