Impact of proximity to thermal power plants on housing prices: Capitalizing the hidden costs of air pollution

Tsai, I‐Chun

doi:10.1016/j.jclepro.2022.132982

Cited by 8 publications

(3 citation statements)

References 78 publications

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“…Further insights of the research will concern the application of the proposed methodology to international industrial contexts and the identification of a novel set of variables that can also be related to the air pollution and air quality levels of urban and rural areas, due to their importance as highlighted by Mei et al (2020), Tsai (2022), and Chiarazzo et al (2022 for the significance between the pollution levels and the real estate market. Furthermore, the comparison of the results obtainable from the implementation of other econometric techniques (e.g., ANN, UTA, HP models) with those of the EPR can be useful for testing the validity of the methodology and its potential and/or critical issues.…”

Section: Discussionmentioning

confidence: 99%

The presence of polluting sites in urban contexts: an analysis of the effects on the dynamics of the residential real estate market

Tajani,

Morano,

Di Liddo

et al. 2023

Front. Sustain. Cities

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IntroductionThe industrial activity constitutes one of the most driving sectors of a nation, as it is often considered at the center of public debate as the fulcrum of development policies. However, considering the climate impacts generated, many industries have necessarily changed, relocated, and/or interrupted their production. Due to the connection of industrial sites with the socio-economic, environmental, and health systems of cities, the real estate market dynamics can be differently affected by the presence of polluting industrial sites. With reference to the Italian context, the goal of the research is to, firstly, verify whether there is a functional relationship between the presence of polluting industrial sites and the residential real estate market dynamics, for then determining its type and the extent of purchase price affection.MethodThe proposed logical-evaluative model is based on the application of an econometric technique for investigating the significance of the industrial sites on the residential real estate dynamics through a set of technological, locational, and health variables.ResultsThe obtained results show that the total surface area of the polluting sites, the activity level and the industrial plant opening date are among the most relevant variables, instead the accessibility to the industrial site does not influence the real estate market dynamics.Discussion and practical implicationsThe main practical implication of the present research consists of the possibility to provide a support for the activation of strategies aimed at adopting sustainable development models in the industrial sector.

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Section: Discussionmentioning

confidence: 99%

The presence of polluting sites in urban contexts: an analysis of the effects on the dynamics of the residential real estate market

Tajani,

Morano,

Di Liddo

et al. 2023

Front. Sustain. Cities

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“…To simplify the analysis and incorporate currency unit exchange rates, the initial value of the Chinese carbon price (CP) is set to 0.083. The values for the government's proactive response to the CBAM political gains (Vg) and high-carbon implicit losses (F) are abstract and determined through consultation with government experts and literature research [33,60]. The government's tax refund subsidies for enterprises, E i (i = 1, 2), are set based on the research data from Wang [61] and Chang et al [62].…”

Section: Parameter Sources and Settingsmentioning

confidence: 99%

Impacts of Carbon Border Adjustment Mechanism on the Development of Chinese Steel Enterprises and Government Management Decisions: A Tripartite Evolutionary Game Analysis

Tian,

Zheng,

Liu

et al. 2024

Sustainability

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Upon the implementation of the European Union Carbon Border Adjustment Mechanism (CBAM), substantial challenges are anticipated to impact the international trade of Chinese steel products. To safeguard the competitiveness of Chinese steel products on the global stage, this paper establishes a tripartite evolutionary game model, involving large steel enterprises, small- and medium-sized steel enterprises, and the government. The model integrates collaborative emission reduction and free-riding benefits among enterprises, along with the government’s dynamic subsidies and penalties. First, we calculate the replicator dynamic equations and conduct stability analysis to obtain the evolutionary trends and system equilibrium points in different phases of the CBAM. Then, we validate the evolutionary theoretical analysis of the model through example simulation analysis. Finally, we explore the impact of different parameters on the agents through a sensitivity analysis of parameters. The findings indicate that (1) large enterprises demonstrate greater sensitivity to CBAM, making their production structures more susceptible to changes in CBAM policies; (2) small- and medium-sized enterprises are more prone to free-riding behavior influence; (3) government intervention should be kept within appropriate boundaries, as excessive intervention may lead to strategic oscillation, with passive management being chosen by the government during the strengthening phase of CBAM; (4) elevating the price in the Chinese carbon market would slow down the structural changes in the production of Chinese steel enterprises, serving as an effective measure to counteract the impacts of CBAM. This paper provides theoretical support for how steel enterprises and the government can respond to CBAM, aiding stakeholders in selecting optimal strategies during different implementation stages and mitigating the impacts of the CBAM to the maximum extent possible.

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“…To simplify the analysis and incorporate currency unit exchange rates, the initial value of the Chinese carbon price (CP) is set to 0.083. The values for the government's proactive response to the CBAM political gains (Vg) and high-carbon implicit losses (F) are abstract and determined through consultation with government experts and literature research [18,45]. The government's tax refund subsidies for enterprises Ei (i=1,2) are set based on the research data from Wang [46] and Chang et al [47].…”

Section: Parameter Sources and Settingsmentioning

confidence: 99%

Impacts of Carbon Border Adjustment Mechanism on the Development of Chinese Steel Enterprises and Government Management Decisions: A Tripartite Evolutionary Game Analysis

Tian,

Zheng,

Pan

et al. 2024

Preprint

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Upon the implementation of the European Union Carbon Border Adjustment Mechanism (CBAM), substantial challenges are anticipated to impact the international trade of Chinese steel products. To safeguard the competitiveness of Chinese steel products on the global stage, this paper establishes a tripartite evolutionary game model, involving large steel enterprises, small and medium-sized steel enterprises, and the government. The model integrates collaborative emission reduction and free-riding benefits among enterprises, along with the government's dynamic subsidies and penalties. The paper analyzes the evolutionary trends and stable states of the three parties during different stages of CBAM, including a sensitivity analysis of key parameters. The findings indicate that large enterprises demonstrate a heightened sensitivity to CBAM, while small and medium-sized enterprises are more significantly influenced by free-riding benefits. Government intervention should be strategically timed and incline towards passive management during the strengthening phase of CBAM. Additionally, the refinement of the Chinese carbon market emerges as an effective means to counter CBAM. This paper provides theoretical support for how steel enterprises and the government can respond to CBAM, aiding stakeholders in selecting optimal strategies during different implementation stages and mitigating the impacts of CBAM to the maximum extent possible.

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Impact of proximity to thermal power plants on housing prices: Capitalizing the hidden costs of air pollution

Cited by 8 publications

References 78 publications

The presence of polluting sites in urban contexts: an analysis of the effects on the dynamics of the residential real estate market

The presence of polluting sites in urban contexts: an analysis of the effects on the dynamics of the residential real estate market

Impacts of Carbon Border Adjustment Mechanism on the Development of Chinese Steel Enterprises and Government Management Decisions: A Tripartite Evolutionary Game Analysis

Impacts of Carbon Border Adjustment Mechanism on the Development of Chinese Steel Enterprises and Government Management Decisions: A Tripartite Evolutionary Game Analysis

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