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Valuing the potential economic impact of climate change on the Taiwan trout

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  • Tseng, Wei-Chun
  • Chen, Chi-Chung

Abstract

The purpose of this study is to estimate the value of the potential economic impact of climate change on the Taiwan trout (also referred to as Oncorhynchus masou formosanus), an endangered species that only lives in high mountain stream sections in which the water temperature is lower. A two-stage approach is adopted to estimate the value of the change in the Taiwan trout stock due to a change in climate. The first stage involves establishing the relationship between the Taiwan trout stock and climate change, while the second stage involves estimating the non-market value of the change in the Taiwan trout population using the double bound model associated with the contingent valuation method (CVM). Our results indicate that the total Taiwan trout population will decline from 1612 to 974, 560, and 146 if precipitation in Taiwan increases by 0.6 mm/day, while the temperature increases by 0.9 °C, 1.8 °C, and 2.7 °C, respectively. The mean willingness to pay per person per year to avoid a change in the trout stock caused by climate change is found to be US$16.22, US$25.72, and US$33.60, respectively.

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  • Tseng, Wei-Chun & Chen, Chi-Chung, 2008. "Valuing the potential economic impact of climate change on the Taiwan trout," Ecological Economics, Elsevier, vol. 65(2), pages 282-291, April.
  • Handle: RePEc:eee:ecolec:v:65:y:2008:i:2:p:282-291
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    Cited by:

    1. Sun, Chuanwang & Zhu, Xiting, 2014. "Evaluating the public perceptions of nuclear power in China: Evidence from a contingent valuation survey," Energy Policy, Elsevier, vol. 69(C), pages 397-405.
    2. Da Rocha, José María & Gutiérrez Huerta, María José & Villasante, Sebastián, 2013. "Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery," DFAEII Working Papers DFAEII;2013-03, University of the Basque Country - Department of Foundations of Economic Analysis II.
    3. repec:pje:journl:article13sumiii is not listed on IDEAS
    4. Liao, Shu-Yi & Tseng, Wei-Chun & Chen, Chi-Chung, 2010. "Eliciting public preference for nuclear energy against the backdrop of global warming," Energy Policy, Elsevier, vol. 38(11), pages 7054-7069, November.
    5. Chiu, Mei-Shiu, 2013. "Tensions in implementing the “energy-conservation/carbon-reduction” policy in Taiwanese culture," Energy Policy, Elsevier, vol. 55(C), pages 415-425.
    6. Komarek, Timothy M. & Lupi, Frank & Kaplowitz, Michael D., 2011. "Valuing energy policy attributes for environmental management: Choice experiment evidence from a research institution," Energy Policy, Elsevier, vol. 39(9), pages 5105-5115, September.
    7. Alló, Maria & Loureiro, Maria L., 2014. "The role of social norms on preferences towards climate change policies: A meta-analysis," Energy Policy, Elsevier, vol. 73(C), pages 563-574.
    8. Lin, Boqiang & Tan, Ruipeng, 2017. "Estimation of the environmental values of electric vehicles in Chinese cities," Energy Policy, Elsevier, vol. 104(C), pages 221-229.

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