Willingness to Pay for Carbon Reduction Against Climate Change: A Social Survey in Beijing, China

H. Wu¹ , N. Zhang²

1. Faculty of Economics, Thammasat University, Bangkok 10200, Thailand.
2. School of Politics and Law, Tibet University, Lhasa, Tibet 850000, The People’s Republic of China.

Section:Research Paper, Product Type: Journal-Paper
Vol.6 , Issue.4 , pp.46-50, Apr-2020

Online published on Apr 30, 2020

Copyright © H. Wu, N. Zhang . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
In this paper, we conducted a social survey focused on carbon emission reduction against climate change in Beijing, China, and employed the dichotomy questionnaire based on Contingent Valuation Method (CVM) to explore the applicability of the contingent valuation on estimating maximum willingness to pay(WTP) of climate change in China. The results show that the questionnaire based on single boundary(SB) and the questionnaire based on double-boundary(DB), which estimates the average maximum willingness to pay is 213 yuan and 237 yuan per year, respectively, besides, the 95% confidence intervals for the average maximum willingness to pay are estimated to be 157 ~ 322 yuan and 169 ~ 312 per year, respectively. Compared with the single-boundary, the double-boundary method can bring more information about the respondents` willingness to pay, thereby reducing the estimated confidence interval and improving the estimation accuracy of the maximum willingness to pay (WTP).

Key-Words / Index Term :
Willingness to pay (WTP), climate change, Contingent Valuation Method (CVM), Beijing

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