BC3-UPV/EHU Seminars: WTP for global and ancillary benefits of climate change mitigation

BC3-UPV/EHU Seminars
“WTP for global and ancillary benefits of climate change mitigation”

David Hoyos

Researcher from the ENVIRONMENTAL ECONOMICS UNIT of the UNIVERSITY OF THE BASQUE COUNTRY (UPV-EHU).

Abstract

Recent studies have looked at the willingness to pay (WTP) of the general population for climate change mitigation benefits.This paper contributes to this literature by investigating, in addition to global benefits, the ancillary benefits of climate change mitigation, by considering local and personal benefits arising from climate change policies.The Contingent Valuation Method is used to elicit the WTP for ancillary and global benefits of climate mitigation policies in the Basque Country, Spain. According to our results, WTP estimates are 40% higher when ancillary benefits are considered.