Landowner attitudes and willingness to accept compensation from forest carbon offsets: Application of best-worst choice modeling in Florida USA Academic Article

journal

  • Forest Policy and Economics

abstract

  • Little is known about institutional preferences and barriers for non-industrial private forest landownerparticipation in carbon (C) offset programs — factors that influence participation in such programs. Toaddress this, we used Florida (U.S.) as a case study, and identified barriers to forest landowner participationin a hypothetical carbon-offset program and landowner willingness-to-accept compensation for enrollment.Preferences were elicited via survey methods and a recent innovation to best–worst scaling (BWS), calledbest–worst choice (BWC), which retains the analytical features of scaling while enabling measurements in a traditionaldiscrete-choice framework. Results indicate that NIPF landowners are more influenced by revenue thanearly withdrawal penalty or contract duration, but will exchange revenue for other contract features. We estimatethat programs offering $20 or $30 per-acre-per-year have significantly stronger impacts on enrollmentthan $5 or $10. The least preferred feature was a 100-year commitment. Overall our BWC approach is novel inthat it circumvents BWS' limitation by providing an ability to estimate actual willingness-to-pay/accept. TheU.S. has a new policy to cut 32% of 2005 power plant carbon emissions by 2030 and allow forest C offsets.Thus, results can also be used to inform state-level policies that compensate landowners for capturing Cemissions

publication date

  • 2016-1-1

edition

  • 63

International Standard Serial Number (ISSN)

  • 1389-9341

number of pages

  • 8

start page

  • 35

end page

  • 42