2022
DOI: 10.1007/s10640-021-00630-5
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The Economics of the Greenium: How Much is the World Willing to Pay to Save the Earth?

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Cited by 32 publications
(9 citation statements)
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“…Research assessing individuals’ willingness to pay for offsetting GHG emissions voluntarily is conclusive—their willingness to pay falls significantly short of the actual cost of the externalities. 18 , 19 , 20 Likewise, individuals may support climate actions that have long-term benefits but may be unwilling to bear the full economic consequences of such actions, 21 such as discontinuing support for fossil-energy markets and hedging consumers for volatile fossil-energy prices. As a result, policymakers may feel compelled, for electoral reasons, to implement measures to mitigate the economic impacts of long-term climate policies, which may lead to conflicting policies that undermine the incentives created and perpetuate the status quo .…”
Section: Resultsmentioning
confidence: 99%
“…Research assessing individuals’ willingness to pay for offsetting GHG emissions voluntarily is conclusive—their willingness to pay falls significantly short of the actual cost of the externalities. 18 , 19 , 20 Likewise, individuals may support climate actions that have long-term benefits but may be unwilling to bear the full economic consequences of such actions, 21 such as discontinuing support for fossil-energy markets and hedging consumers for volatile fossil-energy prices. As a result, policymakers may feel compelled, for electoral reasons, to implement measures to mitigate the economic impacts of long-term climate policies, which may lead to conflicting policies that undermine the incentives created and perpetuate the status quo .…”
Section: Resultsmentioning
confidence: 99%
“…The study found that external institutional pressures and internal corporate governance are critical to GF mobilization. Additionally, Zerbib (2019) and Lau et al (2022) agree that GF growth represent a combination of non-pecuniary environmental benefits, as perceived by the investor, as well as a range of monetary and non-monetary benefits associated with GF. Flammer (2021) indicate that companies use GF to credibly signal their commitment toward the environment.…”
Section: Theoretical Underpinnings Of Gfmentioning
confidence: 96%
“…Green bonds command a higher price than conventional bonds which vary across the type of projects. (Lau et al, 2022). Governments can issue green bonds for agriculture sector to finance sustainable agriculture projects.…”
Section: Water Quality Tradingmentioning
confidence: 99%