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Willingness to Pay for Ancillary Benefits of Climate Change Mitigation
Authors:Alberto Longo  David Hoyos  Anil Markandya
Institution:(1) School of Forestry and Environmental Studies, Yale University, New Haven, CT 06511, USA;(2) Graduate School of Public Health, University of Pittsburgh, CNPAV 435, Pittsburgh, PA 15260, USA;(3) Industrial and Systems Engineering Department, P. Catholic University of Chile, Engineering School, Santiago, Chile;(4) Resources for the Future, , Washington, DC 20036, USA;(5) School of Medicine, New York University, Tuxedo, NY 10987, USA
Abstract:Assessing the Willingness to Pay (WTP) of the general public for climate change mitigation programmes enables governments to understand how much taxpayers are willing to support the implementation of such programs. This paper contributes to the literature on the WTP for climate change mitigation programmes by investigating, in addition to global benefits, the ancillary benefits of climate change mitigation. It does so by considering local and personal benefits arising from climate change policies. The Contingent Valuation Method is used to elicit the WTP for ancillary and global benefits of climate mitigation policies in the Basque Country, Spain. Results show that WTP estimates are 53–73% higher when ancillary benefits are considered.
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