In this talk Stephen will discuss his research on the economic costs of local planning restrictions and NIMBY (Not In My Backyard) attitudes in the context of renewable energy deployment. Using data on the United Kingdom, he estimates how wind and solar projects affect nearby property values. He then studies how these local costs influence the decisions made by planning officials, and quantifies the scale of misallocated investment resulting from the fragmented nature of the planning process. Stephen will conclude by discussing how this work fits into a broader research agenda looking at these issues in both Europe and the US.
Speaker: Stephen Jarvis, UC Berkeley
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Editor's Note: This even was originally scheduled for 4:00 PM.
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