“…(Paco, Alves, Shiel, & Filho, 2009). It has been estimated in 2008 that the green consumers had an annual purchasing power of US$500 billion (Grimmer & Bingham, 2013). Although a lion share's of research studies have demonstrated that most of the consumers have concerns towards environment (Laroche, Tomiuk, Bergeron, & Barbaro-Forleo, 2002;Matthes, Wonneberger, & Schmuck, 2013) but not all of them are willing to pay a premium for environmental benefits (OECD, 2011).…”