Climate-friendly Products – to buy or not to buy?

Katrin Zander and Yvonne Feucht

No 244466, 2016 International European Forum (151st EAAE Seminar), February 15-19, 2016, Innsbruck-Igls, Austria from International European Forum on System Dynamics and Innovation in Food Networks

Abstract: Although climate change is reported to be an important issue for European citizens, market relevance of climate-friendly labelled products remains limited. Various barriers such as low knowledge, distrust in labels, time preference and uncertainty/risk prevent consumers from acting according to their ethical attitudes. The aim of this contribution is to better understand the factors which influence consumers’ purchase behaviour of climate-friendly labelled products with emphasis on knowledge, trust in labels and time preference. Based on the data obtained by an online survey with 6007 respondents in six European countries (DE, ES, FR, IT, NO, UK) in July 2015 a multinomial regression was conducted. Dependent variable was the actual buying frequency of climate-friendly food. Higher subjective knowledge had a positive impact while lack of trust in labels negatively influenced the probability of purchasing climate-friendly products. Test persons with higher time preference were less likely to buy climate-friendly products and vice versa. This is in line with theoretical considerations according to which the present saving of money and pleasure gains are valued higher than the possible benefits resulting of less future impacts of climate change. In contrast, the effects of different indicators of risk attitudes were ambiguous.

Keywords: Agribusiness; Consumer/Household Economics (search for similar items in EconPapers)
Pages: 9
Date: 2016-05
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-sog
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iefi16:244466

DOI: 10.22004/ag.econ.244466

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