Estimation of the Willingness to Pay for CO2 Savings –
A Discrete Choice Experiment

Thore Holm, Uwe Latacz-Lohmann, Jens-Peter Loy, Norbert Schulz

Published: 01.06.2015  〉 Volume 64 (2015), Number 2, 63-75  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

In this article the willingness to pay for different methods to save carbon dioxide emissions in northern Germany are examined by a Discrete Choice Experiment. The results of a latent-class estimation show, that the respondents could be disposed into four different classes. The membership to a certain class is mostly determined by the age and the common preferences for climate protection of the respondents. All respondents have the highest preference to save CO2 emissions by CO2-certificates, the lowest preferences exist for the carbon dioxide capture and storage method. The results vary between a willingness to pay for saving CO2 emissions of 644 €/t and a willingness to accept a certain method for a compensation of 161 €/t carbon dioxide.
CONTACT AUTHOR
PROF. DR. JENS-PETER LOY
Institut für Agrarökonomie, Abt. Marktlehre,
Christian-Albrechts-Universität Kiel
Wilhelm-Seelig-Platz 7, 24115 Kiel
e-mail: jploy@ae.uni-kiel.de
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