Classifying carbon credit buyers according to their attitudes towards and involvement in CDM sustainability labels
AbstractCarbon markets are increasingly conscious of the social and environmental 'quality' of credits delivered by CDM projects. Consequently carbon credits are no longer viewed as a homogenous good and buyers now differentiate between credits supplied by different types of CDM project. The objective of this paper is to classify CER buyers according to their attitudes towards and preferences for CDM sustainability labels. K-means clustering was used to segment a sample of buyers into two clusters. The results indicate that two clear clusters exist with distinct profile patterns. Moreover, the results of discriminant analysis confirmed that the two-cluster solution was valid. Finally, the results of the chi-square analysis and a cross-tabulation showed that these two clusters were significantly different in: organization type; level of paid up capital; perception of sustainable development benefits; perception of return on investment; perception of image of the sustainability labeling; participation in the voluntary market; the project priority; knowledge in the sustainability label; attitude towards the host country's duty; and their willingness to pay.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 39 (2011)
Issue (Month): 10 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/enpol
Clean Development Mechanism Cluster analysis Sustainable development;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kotchen, Matthew J. & Reiling, Stephen D., 2000. "Environmental attitudes, motivations, and contingent valuation of nonuse values: a case study involving endangered species," Ecological Economics, Elsevier, vol. 32(1), pages 93-107, January.
- Jung, Martina, 2006. "Host country attractiveness for CDM non-sink projects," Energy Policy, Elsevier, vol. 34(15), pages 2173-2184, October.
- Nussbaumer, Patrick, 2009. "On the contribution of labelled Certified Emission Reductions to sustainable development: A multi-criteria evaluation of CDM projects," Energy Policy, Elsevier, vol. 37(1), pages 91-101, January.
- MacKerron, George J. & Egerton, Catrin & Gaskell, Christopher & Parpia, Aimie & Mourato, Susana, 2009. "Willingness to pay for carbon offset certification and co-benefits among (high-)flying young adults in the UK," Energy Policy, Elsevier, vol. 37(4), pages 1372-1381, April.
- Aguilar, Francisco X. & Vlosky, Richard P., 2007. "Consumer willingness to pay price premiums for environmentally certified wood products in the U.S," Forest Policy and Economics, Elsevier, vol. 9(8), pages 1100-1112, May.
- Olsen, Karen Holm & Fenhann, Jørgen, 2008. "Sustainable development benefits of clean development mechanism projects: A new methodology for sustainability assessment based on text analysis of the project design documents submitted for validatio," Energy Policy, Elsevier, vol. 36(8), pages 2773-2784, August.
- Ulengin, Fusun & Ulengin, Burc & Onsel, Sule, 2002. "A power-based measurement approach to specify macroeconomic competitiveness of countries," Socio-Economic Planning Sciences, Elsevier, vol. 36(3), pages 203-226, September.
- Wheeler, Sarah Ann, 2008. "What influences agricultural professionals' views towards organic agriculture?," Ecological Economics, Elsevier, vol. 65(1), pages 145-154, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.