The Demand for Voluntary Carbon Dioxide Removal: Experimental Evidence from an Afforestation Project in Germany

Lara Bartels, Martin Kesternich and Andreas Löschel

Land Economics, 2024, vol. 100, issue 4, 621-638

Abstract: This study explores individual willingness to pay (WTP) for carbon removal through afforestation as a complementary climate change mitigation strategy. Using a framed-field experiment, we assess the impact of local co-benefits and geographic location on WTP. We find that participants strongly favor voluntary climate change mitigation through forestry-based emission removal. Emphasizing co-benefits does not significantly alter WTP in our municipal tree-planting project. A follow-up survey indicates a high awareness of co-benefits, suggesting that unobserved priors may influence WTP results. Trust levels are higher for forestry-based removal than for established market-based carbon avoidance, suggesting preferences for understandable mitigation measures with tangible co-benefits.

JEL-codes: Q23 Q51 (search for similar items in EconPapers)
Date: 2024
Note: DOI: https://doi.org/10.3368/le.100.4.070523-0060R1
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:100:y:2024:i:4:p:621-638

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