Abstract
China has become the largest emitter of carbon dioxide in the world. However, the Chinese public’s willingness to pay (WTP) for climate change mitigation is, at best, under-researched. This study draws upon a large national survey of Chinese public cognition and attitude towards climate change and analyzes the determinants of consumers’ WTP for energy-efficient and environment-friendly products. Eighty-five percent of respondents indicate that they are willing to pay at least 10 percent more than the market price for these products. The econometric analysis indicates that income, education, age and gender, as well as public awareness and concerns about climate change are significant factors influencing WTP. Respondents who are more knowledgeable and more concerned about the adverse effect of climate change show higher WTP. In comparison, income elasticity is small. The results are robust to different model specifications and estimation techniques.
| Original language | English |
|---|---|
| Pages (from-to) | 179-194 |
| Number of pages | 16 |
| Journal | Energy Journal |
| Volume | 37 |
| Issue number | China Special Issue |
| DOIs | |
| Publication status | Published - 31 Jan 2016 |
Keywords
- Willingness to pay
- climate change
- China
- interval regression
ASJC Scopus subject areas
- Energy (miscellaneous)
- Economics, Econometrics and Finance(all)
- General Environmental Science
Access to Document
- Author accepted manuscript
This version of the article is the Authors Accepted Manuscript and has been made available under a CC-BY-NC-ND license: https://creativecommons.org/licenses/by-nc-nd/3.0/
