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"WTP for global and ancillary benefits of climate change mitigation"
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.
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David Hoyos:
Investigador de la Unidad de Economía Ambiental - Instituto de Economía Pública de la Universidad del País Vasco (UPV –EHU) / Euskal Herriko Unibertsitatearen Ingurumen Enonomia Unitatea – Ekonomia Publikorako Institutuaren Ikerlaria
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