The demand for climate protection—Empirical evidence from Germany

An experiment designed to find the real demand for climate protection was conducted among a sample of the residential population in Mannheim, Germany. Participants were offered the opportunity to contribute to climate protection by purchasing European Union Allowances which were then withdrawn from the European Emissions Trading Scheme. Our experiment showed a median willingness to pay (WTP) of zero and a mean WTP of approximately 12€/tCO2.

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Year of publication:	2013
Authors:	Löschel, Andreas ; Sturm, Bodo ; Vogt, Carsten
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 3, p. 415-418
Publisher:	Elsevier
Subject:	Experimental economics \| Demand for climate protection \| Willingness to pay

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Type of publication:	Article
Classification:	Q51 - Valuation of Environmental Effects ; Q54 - Climate; Natural Disasters ; C93 - Field Experiments
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041857