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Investigating willingness-to-pay to support solar energy research and development in Myanmar

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  • Han, Myat Su
  • Biying, Yu
  • Cudjoe, Dan
  • Yuan, Qianqian

Abstract

Solar energy is one of the most valuable renewable sources of energy for the socioeconomic development of a nation. Despite Myanmar has abundant solar energy resources, there are some obstacles that hinder the development of solar energy in Myanmar. To this end, this study uses contingent valuation method to estimate the public willingness-to-pay for solar energy research and development in Myanmar. Based on the survey of 550 respondents, this study indicates that, on average, Myanmar residents are willing to pay an additional 1500 kyat ($1) per month per household for research and development of Myanmar's solar energy. The total annual willingness-to-pay for the research and development of solar energy in Myanmar is estimated at 198 billion kyat ($132 million). Respondents' education level, monthly household income, knowledge of energy issues, degree of concern about energy issues, and awareness of the benefits of solar energy influence their willingness-to-pay decisions, while bid prices have a significant negative impact on their willingness-to-pay decisions. In addition to these factors, this study estimates willingness-to-pays for different geographic locations in Myanmar. This study provides Myanmar authorities with useful and important insights to develop more effective renewable energy policies for solar energy development across the country.

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  • Han, Myat Su & Biying, Yu & Cudjoe, Dan & Yuan, Qianqian, 2020. "Investigating willingness-to-pay to support solar energy research and development in Myanmar," Energy Policy, Elsevier, vol. 146(C).
    • Handle: RePEc:eee:enepol:v:146:y:2020:i:c:s0301421520305383
    DOI: 10.1016/j.enpol.2020.111820
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    2. Kyu-Won Hwang & Jaekyun Ahn & Chul-Yong Lee, 2023. "Analysis of Consumer Willingness to Pay for Community Solar Business Using Contingent Valuation Method," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    3. Tan, Yang & Fukuda, Hiroatsu & Li, Zhang & Wang, Shuai & Gao, Weijun & Liu, Zhonghui, 2022. "Does the public support the construction of battery swapping station for battery electric vehicles? - Data from Hangzhou, China," Energy Policy, Elsevier, vol. 163(C).
    4. Shrestha, Anusha & Grala, Robert K. & Grado, Stephen C. & Roberts, Scott D. & Gordon, Jason S. & Adhikari, Ram K., 2021. "Nonindustrial private forest landowner willingness to pay for prescribed burning to lower wildfire hazards," Forest Policy and Economics, Elsevier, vol. 127(C).
    5. Masako Numata & Masahiro Sugiyama & Wunna Swe & Daniel del Barrio Alvarez, 2021. "Willingness to Pay for Renewable Energy in Myanmar: Energy Source Preference," Energies, MDPI, vol. 14(5), pages 1-17, March.
    6. Azlina, A. A. & Abu Bakar, Shahida & Kamaludin, Mahirah & Ghani, Awang Noor, 2022. "Willingness to Pay for Renewable Energy: Evidence From High Wind and Wave Energy Potential Areas," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 56(1), pages 59-70.

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