Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem

Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem

Primary Country: Spain
Ecosystem: multiple
Sample Value Estimates:
(a) US$183.48 PV, or present value, of WTP, or willingness to pay, of estimate for medium biodiversity in Santander, in Northern Spain (b) US$166.33 PV of estimate for WTP for high biodiversity (c) US$111.52 PV of estimate for WTP for beaches closing for 10 days/yr (d) US$134.06 PV of estimate for WTP for beaches closing for 5 days/yr (e) US$82.96 PV as estimate for for recreation high. The estimates suggest that people hold significant values and are willing to pay to support a mitigation strategy that would improve biodiversity and recreational opportunities and reduce potential health risks from jelly fish blooms. In attitudinal questions, the study found that people are willing to pay to hedge against climate change related risks for the benefit of the future generations. This could potentially point to a bequest component in the values elicited.
Methodology: nonmarket valuation study, choice experiment
Region: Europe

Publication information

Remoundou, K. P. Diaz-SimalP. Koundouri B. Rulleau “Valuing climate change mitigation: A choice experiment on a coastal and marine ecosystem” Ecosystem Services 11: 87-94, 2015

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