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

Author

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  • Lara Bartels
  • Martin Kesternich
  • Andreas Löschel

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.

Suggested Citation

  • Lara Bartels & Martin Kesternich & Andreas Löschel, 2024. "The Demand for Voluntary Carbon Dioxide Removal: Experimental Evidence from an Afforestation Project in Germany," Land Economics, University of Wisconsin Press, vol. 100(4), pages 621-638.
    • Handle: RePEc:uwp:landec:v:100:y:2024:i:4:p:621-638
    Note: DOI: https://doi.org/10.3368/le.100.4.070523-0060R1
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    File URL: http://le.uwpress.org/cgi/reprint/100/4/621
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    More about this item

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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