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The value of scientific information on climate change: a choice experiment on Rokua esker, Finland

Authors: Koundouri, Phoebe; Kougea, Eva; Stithoua, M.; Ala-ahob, P.; Eskelinenb, R.; Karjalainenc, T.P.; Klove, Bjorn; +3 Authors

The value of scientific information on climate change: a choice experiment on Rokua esker, Finland

Abstract

This article presents an application of the choice experiment method in order to provide estimates of economic values generated by water quantity improvements in the environment. More importantly, this is the first choice experiment study valuing scientific information and in particular scientific information on climate change. The case study of interest is Rokua in Northern Finland, a groundwater dependent ecosystem very sensitive to climate change and natural variability. The study deals with the uncertainty about the actual dynamics of the system and the effect of future climate change by exploring whether the public values sustained provision of resources for scientific research to better understand long-term environmental changes in Rokua. Data are analysed using a nested multinomial logit and an error component model. Evidence from this study suggests that individuals are willing to pay in order to assure scientific research so as to better understand long-term environmental changes. As a result, policy should consider investing in and supporting related research. Other aspects of water management policy valued by the public are water quantity, recreation, and total land income.

We gratefully acknowledge the financial support from the European Union via the 7th Framework Program GENESIS: Groundwater and dependent ecosystems: New Scientific basis on climate change and land-use impact for the update of the EU Groundwater Directive; WP-6 Groundwater systems management: scenarios, risk assessment, cost-efficient measures and legal aspects. We finally thank two anonymous referees for constructive and insightful comments

Country
Spain
Subjects by Vocabulary

Microsoft Academic Graph classification: Climate change Willingness to pay Order (exchange) Component (UML) Economics Ecosystem Natural variability Multinomial logistic regression business.industry Environmental resource management Value (economics) business

Keywords

INGENIERIA HIDRAULICA, Economics and Econometrics, Choice experiment method, Management, Monitoring, Policy and Law, Environmental Science (miscellaneous), Water management practices, Willingness to pay, Nested logit model, Improved scientific information, Error component model

  • BIP!
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    11
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    visibility views 144
    download downloads 1
  • citations
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    11
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Top 10%
    Powered byBIP!BIP!
  • 144
    views
    1
    downloads
    Powered byOpenAIRE UsageCounts
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visibility
download
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
OpenAIRE UsageCountsDownloads provided by UsageCounts
11
Average
Average
Top 10%
144
1
bronze
Funded by
EC| GENESIS
Project
GENESIS
Groundwater and dependent Ecosystems: NEw Scientific basIS on climate change and land-use impacts for the update of the EU Groundwater Directive
  • Funder: European Commission (EC)
  • Project Code: 226536
  • Funding stream: FP7 | SP1 | ENV
Validated by funder
Related to Research communities
Sustainable Development Solutions Network - Greece
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