A classroom/laboratory activity based on data on citizens’ willingness to pay to reduce carbon emissions as a method of mitigating climate change. This data is collected through an online survey by the German government and is available for download in Excel, R, and Google Sheet formats.
Students will be able to analyse the data to construct indices for measuring attitudes or opinions. They will also learn to use Cronbach’s alpha and Likert scale. Additionally, they will use mean, standard deviation, correlation/correlation coefficient, and confidence interval to analyze the results. Through this activity, they will be able to compare the measures of willingness to pay with climate policymaking.
Use this tool to help your students find answers to:
What is ‘willingness to pay’?
How to measure willingness to pay for non-market goods like abatement to pollution?
What is Cronbach’s alpha? How is it used to assess indices for internal consistency?
About the tool
Tool Name
Measuring Willingness to Pay for Climate Change Mitigation
Discipline
Economics
Topic(s) in Discipline
Willingness to Pay (WTP), Likert Scale, Cronbach’s Alpha, Value of Abatement, Contingent Valuation, Climate Change Economics
Climate Topic
Climate Mitigation and Adaptation; Energy, Economics and Climate Change; Policies, Politics and Environmental Governance
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