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Public's willingness to pay for preventing climate change

Author

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  • Joo-Suk Lee
  • Seung-Hoon Yoo
  • Seung-Jun Kwak

Abstract

In order to develop the proper policies for preventing climate change, it is necessary to know the public preference for preventing climate change. This study attempts to analyse public Willingness To Pay (WTP) for preventing climate change by applying a Contingent Valuation (CV) method. The estimated mean WTP per household per month in Seoul, Korea, is about 3326 Korean won (approximately GBP 1.60).

Suggested Citation

  • Joo-Suk Lee & Seung-Hoon Yoo & Seung-Jun Kwak, 2010. "Public's willingness to pay for preventing climate change," Applied Economics Letters, Taylor & Francis Journals, vol. 17(6), pages 619-622.
    • Handle: RePEc:taf:apeclt:v:17:y:2010:i:6:p:619-622
    DOI: 10.1080/13504850802277113
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    Citations

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    Cited by:

    1. Johannes Diederich & Timo Goeschl, 2014. "Willingness to Pay for Voluntary Climate Action and Its Determinants: Field-Experimental Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(3), pages 405-429, March.
    2. Ahmet Tolunay & Çağlar Başsüllü, 2015. "Willingness to Pay for Carbon Sequestration and Co-Benefits of Forests in Turkey," Sustainability, MDPI, vol. 7(3), pages 1-27, March.
    3. Lim, Seul-Ye & Kim, Hyo-Jin & Yoo, Seung-Hoon, 2018. "Household willingness to pay for expanding fuel cell power generation in Korea: A view from CO2 emissions reduction," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 242-249.
    4. Song, Tae-Ho & Lim, Kyoung-Min & Yoo, Seung-Hoon, 2015. "Estimating the public’s value of implementing the CO2 emissions trading scheme in Korea," Energy Policy, Elsevier, vol. 83(C), pages 82-86.
    5. Lim, Hea-Jin & Yoo, Seung-Hoon, 2014. "Train travel passengers' willingness to pay to offset their CO2 emissions in Korea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 32(C), pages 526-531.
    6. Mary Riddel, 2014. "How Do Long‐Shot Outcomes Affect Preferences for Climate‐Change Mitigation?," Southern Economic Journal, John Wiley & Sons, vol. 80(3), pages 752-771, January.
    7. Shewmake, Sharon & Okrent, Abigail & Thabrew, Lanka & Vandenbergh, Michael, 2015. "Predicting consumer demand responses to carbon labels," Ecological Economics, Elsevier, vol. 119(C), pages 168-180.
    8. Shewmake, Sharon & Okrent, Abigail M. & Thabrew, Lanka & Vandenbergh, Michael, 2012. "Carbon Labeling for Consumer Food Goods," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124369, Agricultural and Applied Economics Association.

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