Arbeitspapier
The demand for voluntary carbon sequestration: Experimental evidence from a reforestation project in Germany
With the increasing recognition of the use of reforestation measures as a complement to conventional carbon emissions avoidance technologies it is important to understand the market valuation of local forest carbon sinks for climate change mitigation. We conducted a framed-field experiment among a Germany-wide sample to provide a revealed preference study on the individual willingness to pay (WTP) for carbon sequestration through forests. Our particular focus is on the role of local co-benefits of climate protection activities. In addition, we add geo-data to our experimental data to analyze the impact of spatial variation on the individual WTP. We find that the WTP for carbon removal exceeds the WTP for mitigation efforts found in previous studies. While spatial distances does affect the likelihood to contribute to a local carbon sink, it does not affect the average amount given. Additional survey data finds that trust in forest measures is higher compared to mitigation via an emissions trading scheme, whichcould explain the comparably high WTP.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 21-088
- Klassifikation
-
Wirtschaft
Valuation of Environmental Effects
Climate; Natural Disasters and Their Management; Global Warming
Field Experiments
Renewable Resources and Conservation: Forestry
Public Goods
- Thema
-
voluntary provision of environmental public goods
climate change mitigation
carbon sequestration
willingness to pay
co-benefits
revealed preferences
framed-field experiment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bartels, Lara
Kesternich, Martin
Löschel, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
- (wo)
-
Mannheim
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bartels, Lara
- Kesternich, Martin
- Löschel, Andreas
- ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
Entstanden
- 2021
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