Effects of Waste-to-Energy Plants on China’s Urbanization: Evidence from a Hedonic Price Analysis in Shenzhen

摘要: Along with the accelerated process of China’s urbanization, increasing urban population has put much pressure on solid waste disposal. A speeding-up development plan incineration power generation been launched in China, which aims to resolve dilemma where many cities are besieged by waste. However, due potential impact surrounding environment, site selection these facilities encountered protests from local residents. The economic reflection non-market public sentiment precisely embodies prices real estate market. Taking Shenzhen city as an example, this paper applies a hedonic price model evaluate its housing values. results show that for every additional kilometer property is away WTE (waste-to-energy) plants, value can increase 1.30%. If distance restricted within 5 km, effect rises 8.6%, remarkably increases negative externality. In addition, depreciation impacts two regions significantly different. Policies reducing effects plants recommended.