Willingness to pay for climate adaptive infrastructure

Keywords

Loading...
Thumbnail Image

Issue Date

2022-07-13

Language

en

Document type

Journal Title

Journal ISSN

Volume Title

Publisher

Title

ISSN

Volume

Issue

Startpage

Endpage

DOI

Abstract

The research investigated the willingness to pay for climate adaptive infrastructure. The focus of the research is both from the developers' side and the local authorities in England. By conducting interviews, the data for the study was collected. To answer in conclusion, under conditions and adjustments both developers and municipalities, are willing to pay for climate adaptive infrastructure. Carroll's pyramid is used to provide answers. Economic responsibility for both developers and local authorities is the most important thing. For developers, the project must be viable, for the local authorities interviewed the viability of their area is an important factor in how much they can demand from developers. For legislative responsibility, the prioritisation of the local authorities is important, the aspects that the local authorities have included in the policy are negotiated by the developers. So if climate adaptive infrastructure is on the list, it is being negotiated too. Looking at the ethical and philanthropical responsibility, little can be said from the side of local authorities, from the developer side it is notable that the influence from outside (buyers and investors) ensures that investments are made in climate adaptive infrastructure.

Description

Citation

Faculty

Faculteit der Managementwetenschappen