German car buyers' willingness to pay to reduce CO2 emissions

Martin Achtnicht

No 09-058, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: Motorised individual transport strongly contributes to global CO2 emissions, due to its intensive usage of fossil fuels. Current political efforts addressing this issue (i.e. emission performance standards in the EU) are directed towards car manufacturers. This paper focuses on the demand side. It examines whether CO2 emissions per kilometre is a relevant attribute in car choices. Based on a stated preference experiment among potential car buyers from Germany, different mixed logit specifications are estimated. In addition, distributions of willingness to pay measures for an abatement of CO2 emissions are obtained. The results suggest that the emissions performance of a car matters substantially, but its consideration varies heavily across the sampled population. In particular, some evidence on gender, age and education effects on climate concerns is provided.

Keywords: CO2 emissions; Willingness to pay; Passenger cars; Stated preferences; Mixed logit (search for similar items in EconPapers)
JEL-codes: C25 D12 Q51 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-dcm, nep-ene and nep-env
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: German car buyers’ willingness to pay to reduce CO 2 emissions (2012)
Working Paper: German car buyers' willingness to pay to reduce CO2 emissions (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:09058

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