Retail Demand for Voluntary Carbon Offsets – A Choice Experiment Among Swiss Consumers

Blasch, Julia; Farsi, Mehdi

doi:10.2139/ssrn.2145267

Cited by 13 publications

(7 citation statements)

References 76 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…High emitters could be in greater need of social image, and hence any official endorsement of their green initiative from local municipalities might be advantageous to them. This result does not contradict the conclusions in previous literature that a consumer's decision to buy voluntary offsets is primarily driven by a sense of responsibility, and the importance of contributing to mitigating harmful environment effects (Blasch and Farsi, 2012).…”

Section: Tablesupporting

confidence: 61%

Factors influencing buyers' willingness to offer price premiums for carbon credits sourced from urban forests

Poudyal

Bowker

Siry

2015

IJSSOC

View full text Add to dashboard Cite

Marketing carbon offset credits generated by urban forest projects could help cities and local governments achieve their financial self-sufficiency and environmental sustainability goals. Understanding the value of carbon credits sourced from urban forests, and the factors that determine buyers' willingness to pay a premium for such credits could benefit cities in strategically marketing carbon credits to generate revenue. This study surveyed business organisations participating in carbon trading in order to explore the factors influencing buyers' willingness to pay for urban forest carbon credits in alternative marketing scenarios (i.e., with and without explicit recognition of purchase). Results suggest that buyers are willing to pay a premium for carbon credits sourced from urban forests and the amount of this premium was influenced by the purchasing business's ownership type, size, geographical scope of operations, and the level of importance placed on the co-benefits provided by urban trees.

show abstract

Section: Tablesupporting

confidence: 61%

Factors influencing buyers' willingness to offer price premiums for carbon credits sourced from urban forests

Poudyal

Bowker

Siry

2015

IJSSOC

View full text Add to dashboard Cite

show abstract

“…Recent evidence suggests that the relationship may hold, to some degree. For example, in a study of Swiss individuals' willingness to pay for climate change mitigation, Blasch and Farsi (2012) find that the private demand for carbon offsets depends positively on "people's expectation about the percentage of Swiss consumers that participates in voluntary carbon offsetting schemes" (p. 20). In a similar setting, Schwirplies and Ziegler (2016) use survey data to examine the willingness to pay for climate change mitigation in Germany and the United States (measured in terms of hypothetical demand for carbon offsets and other environmentally friendly products).…”

Section: Less Visible Social Normsmentioning

confidence: 99%

Cooperation in the Climate Commons

Carattini¹,

Levin²,

Tavoni³

2019

Review of Environmental Economics and Policy

View full text Add to dashboard Cite

Climate change is a global externality that has proven difficult to address through formal institutions alone due to the public good properties of climate change mitigation and the lack of a supranational institution for enforcing global treaties. Given these circumstances, which are arguably the most challenging for international cooperation, commitment problems and free-riding incentives for countries to delay costly mitigation efforts are major obstacles to effective environmental agreements. Starting from this premise, we examine domestic mitigation efforts, with the goal of assessing the extent to which the willingness of individuals to contribute voluntarily to the public good of climate mitigation could be scaled up to the global level. Although individual environmental actions are clearly insufficient for achieving ambitious global mitigation targets, we argue that they are nevertheless initial and essential steps in the right direction. In fact, individual and community efforts may be particularly important if local interventions encourage shifts in norms and behaviors that favor large-scale transformations. With this in mind, we discuss the importance of the visibility of norms and the role of beliefs when such visibility is lacking and their implications for leveraging cooperative behavior to increase climate mitigation efforts locally and globally.

show abstract

“…In a similar study MacKerron et al (2009) Achtnicht estimated a median WTP for the reference group which resulted in a range of 89€ to 256€/tCO 2 , significantly higher than the aforementioned estimates. In a recent paper, Blasch and Farsi (2014) reported on survey data pertaining to the mean WTP for voluntary carbon offsets in the range of 0.75€/tCO 2 to €16.60€/tCO 2 depending on the emission activity.…”

Section: Related Literaturementioning

confidence: 99%

The Influence of Collective Action on the Demand for Voluntary Climate Change Mitigation in Hypothetical and Real Situations

Sturm

Uehleke

2016

Environ Resource Econ

View full text Add to dashboard Cite

Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. Abstract:In this experiment, we investigate determinants of the individual demand for voluntary climate change mitigation. Subjects decide between a cash prize and an allowance from the EU Emissions Trading Scheme for one ton of CO 2 that will be deleted afterwards. We vary the incentives of the decision situation in which we distinguish between real monetary incentives and a hypothetical decision situation with and without a cheap talk script. Furthermore, decisions were implemented either as purely individual or as a collective action using majority voting. We observe a significant hypothetical bias in the demand for voluntary climate change mitigation. In case of the individual decision situation this bias is caused solely by subjects with low income. Collective decision making affects demand positively in the hypothetical decision situation only.

show abstract

Retail Demand for Voluntary Carbon Offsets – A Choice Experiment Among Swiss Consumers

Cited by 13 publications

References 76 publications

Factors influencing buyers' willingness to offer price premiums for carbon credits sourced from urban forests

Factors influencing buyers' willingness to offer price premiums for carbon credits sourced from urban forests

Cooperation in the Climate Commons

The Influence of Collective Action on the Demand for Voluntary Climate Change Mitigation in Hypothetical and Real Situations

Contact Info

Product

Resources

About