External benefits of biomass-e in Spain: An economic valuation

This article analyses the willingness to pay for a program that promotes the production of electricity from forest biomass, instead of that based on fossil fuels. The program decreases greenhouse gas emissions, reduces the pressure on non-renewable resources, lowers the risk of summer forest fires, creates employment in rural areas. Results from a choice experiment show that consumers are willing to pay a higher price for electricity in order to obtain the external benefits of the substitution. Respondents attach a higher value to programs that decrease the pressure of non-renewable resources and the risk of forest fires.