Valuating intangible benefits from afforested areas: A case study in India

Valuating intangible benefits from afforested areas: A case study in India

Environmental compensation measures usually accompany energy projects. Willingness-To-Pay (WTP) for five intangible benefits derived from afforested areas of a compensatory afforestation programme of National Thermal Power Corporation Dadri are estimated. Conventional Contingent Valuation shows the...

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Bibliographic Details
Main Authors: Avinash Jain, Girish Chandra, Raman Nautiyal
Format: Article
Language:English
Published: Universitat Politècnica de València 2017-06-01
Series:Economía Agraria y Recursos Naturales
Subjects:
contingent valuation
india
intangible benefits
logit model
wtp
Online Access:https://polipapers.upv.es/index.php/EARN/article/view/6566
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Summary:Environmental compensation measures usually accompany energy projects. Willingness-To-Pay (WTP) for five intangible benefits derived from afforested areas of a compensatory afforestation programme of National Thermal Power Corporation Dadri are estimated. Conventional Contingent Valuation shows the average WTP € 2.1 per respondent per month with more than 43 % of total WTP for ‘soil conservation and remediation’ and ‘improvement in underground water level’. Logit model method depicts the same order of magnitude but differs significantly at 5 % level for all the benefits. More informed decisions upon energy projects and afforestation programs shall help in conserving forests and their ecosystem services.
ISSN:1578-0732
2174-7350

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