An assessment of willingness to pay to avoid climate change induced flood

Devkota, Rohini Prasad and Maraseni, Tek Narayan and Cockfield, Geoff (2014) An assessment of willingness to pay to avoid climate change induced flood. Journal of Water and Climate Change, 5 (4). pp. 569-577. ISSN 2040-2244

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.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to published version due to publisher copyright policy.
Faculty / Department / School: Current - Faculty of Health, Engineering and Sciences - School of Agricultural, Computational and Environmental Sciences
Date Deposited: 18 Jan 2015 23:52
Last Modified: 06 Jul 2016 01:47
Uncontrolled Keywords: age; damage cost; education level; gender; income; willingness to pay
Fields of Research : 16 Studies in Human Society > 1604 Human Geography > 160401 Economic Geography
14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
05 Environmental Sciences > 0501 Ecological Applications > 050101 Ecological Impacts of Climate Change
Socio-Economic Objective: D Environment > 96 Environment > 9603 Climate and Climate Change > 960301 Climate Change Adaptation Measures
Identification Number or DOI: 10.2166/wcc.2014.134
URI: http://eprints.usq.edu.au/id/eprint/26458

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