An assessment of willingness to pay to avoid climate change induced flood
Article
Article Title | An assessment of willingness to pay to avoid climate change induced flood |
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ERA Journal ID | 125196 |
Article Category | Article |
Authors | Devkota, Rohini Prasad (Author), Maraseni, Tek Narayan (Author) and Cockfield, Geoff (Author) |
Journal Title | Journal of Water and Climate Change |
Journal Citation | 5 (4), pp. 569-577 |
Number of Pages | 9 |
Year | 2014 |
Place of Publication | London, United Kingdom |
ISSN | 2040-2244 |
Digital Object Identifier (DOI) | https://doi.org/10.2166/wcc.2014.134 |
Web Address (URL) | http://www.iwaponline.com/jwc/up/ |
Abstract | Flood risk analysis provides a rational for the appraisal of policy options for the decision makers. In this paper, by employing referendum method and face to face questionnaire surveys for 210 households in West Rapti River in Nepal, the willingness to pays (WTPs) to avoid four climate change induced scenarios were assessed. Differences on WTPs among age, sex and education groups were analysed, and correlation between WTPs and different types of incomes and flood related costs were tested. The WTP was lowest for age group below 35 and it was highest for the group 35–44. Females suffered more from flood than males and hence their average annual WTP was higher than male's average. Similarly, the average WTP was higher for literate then illiterate in all flood scenarios. The average annual WTPs were statistically significantly (p <0.05) correlated with annual total income, farm income, livestock income and flood-related costs. The level of WTPs estimated in this study would be helpful for formulating flood related and plan, prioritising investment and implementation of the programmes. |
Keywords | age; damage cost; education level; gender; income; willingness to pay |
ANZSRC Field of Research 2020 | 440603. Economic geography |
380105. Environment and resource economics | |
410102. Ecological impacts of climate change and ecological adaptation | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Institute for Agriculture and the Environment |
International Centre for Applied Climate Science | |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q2w01/an-assessment-of-willingness-to-pay-to-avoid-climate-change-induced-flood
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