Anthony A. Leiserowitz
New Haven, CT 06511
NBER Working Papers and Publications
|October 2011||Policy-Instrument Choice and Benefit Estimates for Climate-Change Policy in the United States|
with Matthew J. Kotchen, Kevin J. Boyle: w17539
This paper provides the first willingness-to-pay (WTP) estimates in support of a national climate-change policy that are comparable with the costs of actual legislative efforts in the U.S. Congress. Based on a survey of 2,034 American adults, we find that households are, on average, willing to pay between $79 and $89 per year in support of reducing domestic greenhouse-gas (GHG) emissions 17 percent by 2020. Even very conservative estimates yield an average WTP at or above $60 per year. Taking advantage of randomized treatments within the survey valuation question, we find that mean WTP does not vary substantially among the policy instruments of a cap-and-trade program, a carbon tax, or a GHG regulation. But there are differences in the sociodemographic characteristics of those willing to p...
Published: Energy Policy, Volume 55, April 2013, Pages 617–625