Does the construction of biogas plants affect local property values?
نویسنده
چکیده
Despite biogas is considered a renewable source of energy, the social acceptability of biogas plants is controversial due to resistance from local communities who are afraid of potential local negative externalities. This paper aim at investigating this claim using evidence from the housing market by means of a diff-in-diff model. Indeed, if households evaluate the presence of biogas plant such as a disamenity, this should be incorporated in the housing values. To this purpose I use data on the housing market of Piedmont provinces where 167 biogas plants have been opened between 2006 and 2015. Results show no significant impact of the opening of a biogas plant on the housing values.
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