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Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem

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  • Remoundou, Kyriaki
  • Diaz-Simal, Pedro
  • Koundouri, Phoebe
  • Rulleau, Bénédicte

Abstract

This paper adds to a limited literature eliciting willingness to pay (WTP) for mitigation measures against natural hazards caused by climate change, on coastal and marine environments. Our case study is Santander, a coastal region in Northern Spain. The case-study specific natural hazards concern (a) sea-level rise, high tides and extreme wave events that lead to floods and beach erosion, (b) rise in sea temperature that leads to invasive jellyfish blooms and changes in native biodiversity. In particular, we employ a choice experiment (CE) to elicit the value locals place on improvements, through the implementation of appropriate mitigation measures, in biodiversity, recreational opportunities and on decreases in health risks associated with jellyfish blooms. Results suggest that people value positively benefits in terms of increased biodiversity and recreation opportunities, as well as health risk reductions, and point to interesting policy implications.

Suggested Citation

  • Remoundou, Kyriaki & Diaz-Simal, Pedro & Koundouri, Phoebe & Rulleau, Bénédicte, 2015. "Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem," Ecosystem Services, Elsevier, vol. 11(C), pages 87-94.
  • Handle: RePEc:eee:ecoser:v:11:y:2015:i:c:p:87-94
    DOI: 10.1016/j.ecoser.2014.11.003
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    References listed on IDEAS

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    4. Nikos Chatzistamoulou & Phoebe Koundouri, 2020. "The Economics of Sustainable Development," DEOS Working Papers 2005, Athens University of Economics and Business.
    5. Riegel, Simone & Kuhfuss, Laure & Stojanovic, Timothy, 2023. "Nature-based solutions for climate change mitigation: Assessing the Scottish Public's preferences for saltmarsh carbon storage," Ecological Economics, Elsevier, vol. 211(C).
    6. Halkos, George & Galani, Georgia, 2016. "Assessing willingness to pay for marine and coastal ecosystems: A Case Study in Greece," MPRA Paper 68767, University Library of Munich, Germany.
    7. Adloff, Susann & Rehdanz, Katrin, 2023. "Wait and see? Public preferences for the temporal effectiveness of coastal protection," Ecological Economics, Elsevier, vol. 204(PA).
    8. Wakita, Kazumi & Kurokura, Hisashi & Oishi, Taro & Shen, Zhonghua & Furuya, Ken, 2019. "Exploring the effect of psychometric variables on willingness to pay for marine ecosystem services: A survey in Japan," Ecosystem Services, Elsevier, vol. 35(C), pages 130-138.
    9. Alejandra R. Enríquez & Angel Bujosa Bestard, 2020. "Measuring the economic impact of climate-induced environmental changes on sun-and-beach tourism," Climatic Change, Springer, vol. 160(2), pages 203-217, May.
    10. Weber, Matthew A. & Meixner, Thomas & Stromberg, Juliet C., 2016. "Valuing instream-related services of wastewater," Ecosystem Services, Elsevier, vol. 21(PA), pages 59-71.
    11. Kota Mameno & Takahiro Kubo & Hiroyuki Oguma & Yukihiro Amagai & Yasushi Shoji, 2022. "Decline in the alpine landscape aesthetic value in a national park under climate change," Climatic Change, Springer, vol. 170(3), pages 1-18, February.
    12. Raviv, Orna & Tchetchik, Anat & Lotan, Alon & Izhaki, Ido & Zemah Shamir, Shiri, 2021. "Direct and indirect valuation of air-quality regulation service as reflected in the preferences towards distinct types of landscape in a biosphere reserve," Ecological Economics, Elsevier, vol. 180(C).
    13. Achilleas Vassilopoulos & Phoebe Koundouri, 2017. "Valuation of Marine Ecosystems," DEOS Working Papers 1714, Athens University of Economics and Business.
    14. Wang, Haoluan & Swallow, Brent M., 2017. "Linking Agricultural Land Conservation and Provision of Ecosystem Services: A Choice Experiment Approach," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258537, Agricultural and Applied Economics Association.
    15. Nikos Chatzistamoulou & Phoebe Koundouri, 2020. "From Theory to Practice. SDG Patterns Across the Globe," DEOS Working Papers 2006, Athens University of Economics and Business.
    16. Susana Oliveira & Lígia M. Costa Pinto, 2021. "Choice experiments to elicit the users’ preferences for coastal erosion management: the case of Praia da Amorosa," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(7), pages 9749-9765, July.
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