Abstract
As the number of cars and the electricity produced from coal-fired generation has been increasing, PM2.5, particles smaller than 2.5 μm in diameter, has become a serious problem in South Korean urban areas. This is especially notable, given that the PM2.5 warning was issued 89 times during 2016. Because of this, the South Korean government is seeking to enforce a policy of reducing the number of PM2.5 warnings by half using various policy instruments from now until 2022. This article tries to obtain information about the public value of the enforcement. For this purpose, household willingness to pay (WTP) for the enforcement is investigated, applying the contingent valuation (CV) approach. A survey of 1000 households was carried out in South Korean urban areas. The data on the WTP were gathered using a dichotomous choice question and analyzed employing the spike model. The mean WTP estimate is obtained as KRW 5591 (USD 4.97) per household per year, which is statistically significant. The total public value expanded to the population amounts to KRW 98.9 billion (USD 87.8 million) per year. The information can be utilized in policy-making and decision-making about the reduction of the PM2.5 concentration.
Highlights
The World Health Organization announced that seven million people have died prematurely due to particulate matters (PM) [1]
In 2013, PM was classified as Group One carcinogens, which are identified as causing cancer to humans [2]
This article evaluates the public value of enforcing the PM2.5 concentration reduction policy
Summary
The World Health Organization announced that seven million people have died prematurely due to particulate matters (PM) [1]. In 2013, PM was classified as Group One carcinogens, which are identified as causing cancer to humans [2]. The components of the PM may vary depending on the area where the PM occurs, the season, and weather conditions. It is composed mainly of harmful components such as carbon, organic hydrocarbons, nitrates, sulfates and harmful metals. Unlike ordinary dust particles that float in the air, particles that have a diameter of 10 μm or less are too small to be filtered by the nose or bronchial tubes and are accumulated in the body, causing diseases
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