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The Demand for Global and Local Environmental Protection - Experimental Evidence from Climate Change Mitigation in Beijing

Andreas Löschel (), Jiansuo Pei, Bodo Sturm, Ran Wang, Wolfgang Buchholz () and Zhongxiu Zhao

No 6973, CESifo Working Paper Series from CESifo Group Munich

Abstract: In this study, the real demand for global and local environmental protection in Beijing, China, is elicited and investigated. Participants from Beijing were offered the opportunity to contribute to voluntary climate change mitigation by purchasing permits from two Chinese CO2 emissions trading schemes (ETS). Purchased permits were withdrawn from the ETS. Since CO2 emissions mitigation is inevitably linked to other local benefits like the reduction in emissions of air pollutants, the aim of our study is to establish the demand for local and global environmental protection. To this end, Beijing and Shenzhen ETS permits were offered. The result is that at low prices the demand for Beijing ETS permits is significantly higher than for Shenzhen ETS permits indicating that a substantial part of the revealed demand for voluntary climate change mitigation in Beijing is driven by concerns for local co-benefits of CO2 emissions reduction. Our research identifies the important role of private benefits in the voluntary provision of the global public good climate change mitigation and provides first experimental evidence for China.

Keywords: demand for environmental protection; experimental economics; willingness to pay; voluntary climate change mitigation; cobenefits (search for similar items in EconPapers)
JEL-codes: C93 Q51 Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-tra
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

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Working Paper: The demand for global and local environmental protection: Experimental evidence from climate change mitigation in Beijing (2018) Downloads
Working Paper: The demand for global and local environmental protection: Experimental evidence from climate change mitigation in Beijing (2018) Downloads
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