It is increasingly clear that carbon credits generated by clean development mechanism (CDM) projects do not all deliver the same sustainable development (SD) benefits, as intended by the Kyoto Protocol. Independent certification of has now been developed to meet the needs of buyers searching for carbon credit with high SD benefits. This paper use the contingent valuation method (CVM) to better understand the buyers’ valuation of the SD benefits of CDM projects through their willingness to pay (WTP) a price premium for carbon credits with Gold Scandard (GS) certificationscheme. This study finds that 56.4% of the buyers are willing to pay a price premium for GS carbon credits. The cCharity groups and the governments group have more likely to place a proice premium on cerified credite than private sector buyers. a greater percentage of the “yes” WTP responses than the private group. On average, buyers are willing to pay a price premium of €1.12 per tonne of CO2e for GS carbon credit in recognition of SD benefits.
|Number of pages||5|
|Journal||Energy Sources, Part B: Economics, Planning and Policy|
|Early online date||12 Jan 2015|
|Publication status||Published - 2015|
- carbon credit, clean development mechanism, contingent valuation, sustainable development, willingness to pay