Abstract
The Demand for Voluntary Carbon Sequestration – Experimental Evidence From a Reforestation Project in Germany
Highlights
At the Paris Climate Convention, countries around the world agreed to limit global warming to 2°C - preferably 1.5°C - above pre-industrial levels
Geo- and survey data, our paper provides to the best of our knowledge the first revealed preference study on the willingness to pay for carbon sequestration services of local forest carbon sinks
Our study reveals substantial differences to the prevalent literature investigating the willingness to pay (WTP) for avoiding greenhouse gas emissions through purchasing emissions allowances
Summary
At the Paris Climate Convention, countries around the world agreed to limit global warming to 2°C - preferably 1.5°C - above pre-industrial levels. CO2 absorption Reforestation Local coprotection carbon sinks capacity of trees project benefits In both treatments, participants received relevant information on the need for global climate protection and the role of NETs based on the PA and the IPCC reports. With the increasing recognition of the appliance of forest measures to complement low-carbon technologies as an additional path for future mitigation activities (and include them into emission trading systems), it is important to understand the markets valuation of carbon sinks in climate change mitigation It remains an open question whether the empirical insights on low levels for individual GHG mitigation carry over to a situation where subjects can actively contribute to CO2 removal through contributions to a local forest carbon sink.
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