RT Journal Article
SR Electronic
T1 The Demand for Voluntary Carbon Dioxide Removal: Experimental Evidence from an Afforestation Project in Germany
JF Land Economics
FD University of Wisconsin Press
SP 621
OP 638
DO 10.3368/le.100.4.070523-0060R1
VO 100
IS 4
A1 Bartels, Lara
A1 Kesternich, Martin
A1 Löschel, Andreas
YR 2024
UL http://le.uwpress.org/content/100/4/621.abstract
AB 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.