International Willingness to Pay for the Protection of the Amazon Rainforest
The Amazon rainforest, the world's largest tropical rainforest and an important constituent of the global biosphere, continues degrading by rapid deforestation, which is expected to continue despite policies to prevent it. Current internationa...
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| Format: | Working Paper |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/334711552333303292/International-Willingness-to-Pay-for-the-Protection-of-the-Amazon-Rainforest http://hdl.handle.net/10986/31401 |
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okr-10986-314012022-09-19T12:16:53Z International Willingness to Pay for the Protection of the Amazon Rainforest Siikamaki, Juha V. Krupnick, Alan Strand, Jon Vincent, Jeffrey R. FOREST LOSS CLIMATE CHANGE MITIGATION BIODIVERSITY RAINFOREST CONTINGENT VALUATION STUDY GLOBAL CARBON SINK LAND USE GLOBAL BIOSPHERE DEFORESTATION CARBON EMISSION The Amazon rainforest, the world's largest tropical rainforest and an important constituent of the global biosphere, continues degrading by rapid deforestation, which is expected to continue despite policies to prevent it. Current international funding to protect the Amazon rainforest focuses on benefits from reduced carbon emissions. This paper examines an additional rationale for Amazon protection: the valuation of its biodiversity and forests as natural heritage to the international community. To measure the economic value of this benefit, the paper examines U.S. and Canadian households' willingness to pay to help finance Amazon rainforest protection. The analysis finds that mean willingness to pay to avoid forest losses projected to occur by 2050 despite current protective policies is $92 per household per year. Aggregating across all households and considering the area protected, the analysis finds that preserving the Amazon rainforest is worth $3,168 per hectare (95-percent confidence interval $1,580-$4,756), on average, to households in the United States and Canada. Considering households in other developed countries would generate yet larger estimates of aggregate value, likely comparable to the carbon benefits from rainforest protection. The results reveal high values of the Amazon rainforest to people geographically distanced from it, lending support to international efforts to reduce deforestation in the Amazon. 2019-03-14T20:43:12Z 2019-03-14T20:43:12Z 2019-03 Working Paper http://documents.worldbank.org/curated/en/334711552333303292/International-Willingness-to-Pay-for-the-Protection-of-the-Amazon-Rainforest http://hdl.handle.net/10986/31401 English Policy Research Working Paper;No. 8775 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FOREST LOSS CLIMATE CHANGE MITIGATION BIODIVERSITY RAINFOREST CONTINGENT VALUATION STUDY GLOBAL CARBON SINK LAND USE GLOBAL BIOSPHERE DEFORESTATION CARBON EMISSION |
| spellingShingle |
FOREST LOSS CLIMATE CHANGE MITIGATION BIODIVERSITY RAINFOREST CONTINGENT VALUATION STUDY GLOBAL CARBON SINK LAND USE GLOBAL BIOSPHERE DEFORESTATION CARBON EMISSION Siikamaki, Juha V. Krupnick, Alan Strand, Jon Vincent, Jeffrey R. International Willingness to Pay for the Protection of the Amazon Rainforest |
| geographic_facet |
Latin America & Caribbean Brazil |
| relation |
Policy Research Working Paper;No. 8775 |
| description |
The Amazon rainforest, the world's
largest tropical rainforest and an important constituent of
the global biosphere, continues degrading by rapid
deforestation, which is expected to continue despite
policies to prevent it. Current international funding to
protect the Amazon rainforest focuses on benefits from
reduced carbon emissions. This paper examines an additional
rationale for Amazon protection: the valuation of its
biodiversity and forests as natural heritage to the
international community. To measure the economic value of
this benefit, the paper examines U.S. and Canadian
households' willingness to pay to help finance Amazon
rainforest protection. The analysis finds that mean
willingness to pay to avoid forest losses projected to occur
by 2050 despite current protective policies is $92 per
household per year. Aggregating across all households and
considering the area protected, the analysis finds that
preserving the Amazon rainforest is worth $3,168 per hectare
(95-percent confidence interval $1,580-$4,756), on average,
to households in the United States and Canada. Considering
households in other developed countries would generate yet
larger estimates of aggregate value, likely comparable to
the carbon benefits from rainforest protection. The results
reveal high values of the Amazon rainforest to people
geographically distanced from it, lending support to
international efforts to reduce deforestation in the Amazon. |
| format |
Working Paper |
| author |
Siikamaki, Juha V. Krupnick, Alan Strand, Jon Vincent, Jeffrey R. |
| author_facet |
Siikamaki, Juha V. Krupnick, Alan Strand, Jon Vincent, Jeffrey R. |
| author_sort |
Siikamaki, Juha V. |
| title |
International Willingness to Pay for the Protection of the Amazon Rainforest |
| title_short |
International Willingness to Pay for the Protection of the Amazon Rainforest |
| title_full |
International Willingness to Pay for the Protection of the Amazon Rainforest |
| title_fullStr |
International Willingness to Pay for the Protection of the Amazon Rainforest |
| title_full_unstemmed |
International Willingness to Pay for the Protection of the Amazon Rainforest |
| title_sort |
international willingness to pay for the protection of the amazon rainforest |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/334711552333303292/International-Willingness-to-Pay-for-the-Protection-of-the-Amazon-Rainforest http://hdl.handle.net/10986/31401 |
| _version_ |
1764474245396561920 |