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Title:The demand for climate protection: An empirical assessment for Germany PDF Logo
Authors:Löschel, Andreas
Sturm, Bodo
Vogt, Carsten
Issue Date:2010
Series/Report no.:ZEW Discussion Papers 10-068
Abstract:In this paper, we investigate the real demand for climate protection. For this purpose we conducted a framed field experiment with a sample of the residential population in Mannheim, Germany. Participants were endowed with € 40 and given the opportunity to contribute to climate protection by purchasing European Union Allowances. Purchased allowances were withdrawn from the European Emissions Trading Scheme (EU ETS). While the median willingness to pay (WTP) for climate protection is zero the mean WTP is approximately € 12/tCO2. We analyse determinants of the observed individual demand behaviour and discuss the potential consequences, which result from the remarkably low WTP and its distribution for German climate policy.
Subjects:experimental economics
demand for climate protection
climate change
willingness to pay
JEL:Q51
Q54
C93
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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