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Ecological footprint and willingness to pay for green goods: Evidence from the Netherlands

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Ecological footprint and willingness to pay for green goods: Evidence from the Netherlands. / De Silva, Dakshina; Head, Tiffany; Pownall, Rachel et al.
In: Energy Journal, Vol. 45, No. 1, 31.01.2024, p. 257-285.

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De Silva D, Head T, Pownall R, Schiller A. Ecological footprint and willingness to pay for green goods: Evidence from the Netherlands. Energy Journal. 2024 Jan 31;45(1):257-285. doi: 10.5547/01956574.45.1.ddes

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De Silva, Dakshina ; Head, Tiffany ; Pownall, Rachel et al. / Ecological footprint and willingness to pay for green goods : Evidence from the Netherlands. In: Energy Journal. 2024 ; Vol. 45, No. 1. pp. 257-285.

Bibtex

@article{ff71f5d3d2fb4cf6a2cde5fa2257589b,
title = "Ecological footprint and willingness to pay for green goods: Evidence from the Netherlands",
abstract = "Human consumption of scarce ecological resources is at the heart of the climate change crisis. Mitigating climate change will require changes in consumer behavior. Further, to respond effectively, policymakers need information on the environmental impact of individuals' behaviors. In this paper, we study the effect of socio-demographic characteristics and personality traits on individuals' environmental impact measured by their ecological footprint. We also investigate consumers' willingness to pay for 'green' goods. Using survey data from the Netherlands, first, we construct individuals' ecological footprint. The survey also uses a 50-item personality scale developed by Goldberg (1992) to construct five personality traits. We find that individuals with higher personal income, less than a high school education, males, the employed, and people living in rural areas are associated with a higher EF. We also find that consumers' WTP and demand are responsive to price increases in high-emitting goods and personality traits. We contribute to our understanding of the influence of socio-demographic and personality characteristics on the actual ecological footprint at the individual level. Further, we contribute to the economic literature on consumers' WTP for 'green' products as well as the ongoing discussion on using market-based solutions to tackle climate change.",
author = "{De Silva}, Dakshina and Tiffany Head and Rachel Pownall and Anita Schiller",
year = "2024",
month = jan,
day = "31",
doi = "10.5547/01956574.45.1.ddes",
language = "English",
volume = "45",
pages = "257--285",
journal = "Energy Journal",
issn = "0195-6574",
publisher = "International Association for Energy Economics",
number = "1",

}

RIS

TY - JOUR

T1 - Ecological footprint and willingness to pay for green goods

T2 - Evidence from the Netherlands

AU - De Silva, Dakshina

AU - Head, Tiffany

AU - Pownall, Rachel

AU - Schiller, Anita

PY - 2024/1/31

Y1 - 2024/1/31

N2 - Human consumption of scarce ecological resources is at the heart of the climate change crisis. Mitigating climate change will require changes in consumer behavior. Further, to respond effectively, policymakers need information on the environmental impact of individuals' behaviors. In this paper, we study the effect of socio-demographic characteristics and personality traits on individuals' environmental impact measured by their ecological footprint. We also investigate consumers' willingness to pay for 'green' goods. Using survey data from the Netherlands, first, we construct individuals' ecological footprint. The survey also uses a 50-item personality scale developed by Goldberg (1992) to construct five personality traits. We find that individuals with higher personal income, less than a high school education, males, the employed, and people living in rural areas are associated with a higher EF. We also find that consumers' WTP and demand are responsive to price increases in high-emitting goods and personality traits. We contribute to our understanding of the influence of socio-demographic and personality characteristics on the actual ecological footprint at the individual level. Further, we contribute to the economic literature on consumers' WTP for 'green' products as well as the ongoing discussion on using market-based solutions to tackle climate change.

AB - Human consumption of scarce ecological resources is at the heart of the climate change crisis. Mitigating climate change will require changes in consumer behavior. Further, to respond effectively, policymakers need information on the environmental impact of individuals' behaviors. In this paper, we study the effect of socio-demographic characteristics and personality traits on individuals' environmental impact measured by their ecological footprint. We also investigate consumers' willingness to pay for 'green' goods. Using survey data from the Netherlands, first, we construct individuals' ecological footprint. The survey also uses a 50-item personality scale developed by Goldberg (1992) to construct five personality traits. We find that individuals with higher personal income, less than a high school education, males, the employed, and people living in rural areas are associated with a higher EF. We also find that consumers' WTP and demand are responsive to price increases in high-emitting goods and personality traits. We contribute to our understanding of the influence of socio-demographic and personality characteristics on the actual ecological footprint at the individual level. Further, we contribute to the economic literature on consumers' WTP for 'green' products as well as the ongoing discussion on using market-based solutions to tackle climate change.

U2 - 10.5547/01956574.45.1.ddes

DO - 10.5547/01956574.45.1.ddes

M3 - Journal article

VL - 45

SP - 257

EP - 285

JO - Energy Journal

JF - Energy Journal

SN - 0195-6574

IS - 1

ER -