Antecedents to Creating Shared Value at Thai Waste-to-Energy Facilities
In 2015, 1.2 billion people, or 16% of the global population, did not have access to electricity. Simultaneously, solid waste generation reached 200 million tons annually, and is projected to exceed 11 million tons per day by 2100. Solutions must hence be found, with Waste-to-Energy conversion a strong but controversial and costly contender. By use of cluster sampling, a sample of 361 individuals was obtained, from which a confirmatory factor analysis and structural equation model was undertaken using LISREL 9.1. All causal factors in the model were shown to have a positive influence on the creation of shared value of the Waste-to-Energy power plant and the local community, with 68% of the variance of the factor affecting the creation of shared value. Ranked in importance, the variables were government policy, the Waste-to-Energy operators and community participation, with a total score of 0.83, 0.37 and 0.36, respectively.