Carbon storage in vegetation and soils
WTP to increase the amount of stored carbon on farmland in Australia Fire
Flood
Storm
Earthquake
Tsunami
Heatwave
WTP DetailsHazard types identified
Human activity
Specific Value Type measured
Carbon storage
Currency Year - original study
WTP estimate - original study value
$1.13 per household per metric tonne reduction in CO2-e per year
Currency - original study
AUD
WTP converted to $AU in original year from the study
$1.13 AUD
WTP measure
Mean
Other variables that significantly explain WTP
Cost, native vegetation, carbon storage, age, Queensland Study DetailsValue type applicable
Ecosystems
Study conducted in the context of a natural hazard?
No
Study quality
Average
Benefits transfer applicability
Poor
Recommendations
Limited application - not NH specific
MethodsData collection method used
Choice modeling
Analysis model
Multinomial logit model
Modelled number of individuals
n/a
Modelled number of observations
5568
Sample CharacteristicsCountry/region studied
Australia
Country of source studies
Australia
Sampled population
Urban; non-urban; New South Wales, Queensand, Victoria, Western Australia
Range in years of data
2013
Mean sample age
41.76
Percent Male
49
Percent Female
51
Mean sample income
n/a
Income units
n/a
PublicationPublic willingness to pay for carbon farming and its co-benefitsKragt, M.E., Gibson, F.L., Maseyk, F., Wilson, K.A. 2016. Public willingness to pay for carbon farming and its co-benefits. Ecological Economics. 126:125-131
Citation
Kragt, et al. 2016
Year published
Peer reviewed?
Yes
Journal name
Ecological Ecconomics
Additional informationNotes on this study
The WTP estimates in this study are provided in the context of farmers receiving compensation for making changes to farm management enable carbon farming. |