@article {von M{\"o}llendorff109, author = {Charlotte von M{\"o}llendorff and Heinz Welsch}, title = {Measuring Renewable Energy Externalities: Evidence from Subjective Well-being Data}, volume = {93}, number = {1}, pages = {109--126}, year = {2017}, doi = {10.3368/le.93.1.109}, publisher = {University of Wisconsin Press}, abstract = {Electricity from renewable sources avoids disadvantages of conventional power generation but often meets with local resistance. We use 324,763 observations on the subjective well-being of 46,678 individuals in Germany, 1994{\textendash}2012, for identifying and valuing the local externalities from solar, wind, and biomass plants in respondents{\textquoteright} postcode district and adjacent postcode districts. We find significant well-being externalities of all three technologies that differ with regard to their temporal and spatial characteristics. The monetary equivalent of 1 MW capacity expansion of wind power and biomass installations is estimated to be 0.35\% and 1.25\% of monthly per capita income, respectively. (JEL D62, Q42)}, issn = {0023-7639}, URL = {https://le.uwpress.org/content/93/1/109}, eprint = {https://le.uwpress.org/content/93/1/109.full.pdf}, journal = {Land Economics} }