Professor of economics and head of the research group "Sustainable Use of Natural Resources". Researching adaptation to climate change, resource governance and aspects of human behavior related to sustainable development. bjoernvollan.wordpress.com .. more
Professor of economics and head of the research group "Sustainable Use of Natural Resources". Researching adaptation to climate change, resource governance and aspects of human behavior related to sustainable development. bjoernvollan.wordpress.com
Reposted by Michael Weintraub, Björn Vollan
www.sciencedirect.com/science/arti...
1️⃣ WTP alone doesn’t capture the depth of relational values. People value cultural connections but struggle to express this in monetary terms.
2️⃣ Budget preferences reflected relational concerns more effectively, especially in Bangladesh
- Willingness to Pay (WTP)
- Preferences for government budget allocation
👉 Can relational values be monetized?
👉 If so, do these metrics capture their full significance?
- Which projects to fund
- Where to invest resources
- Who gets protected
But what about the cultural, emotional, and ethical connections between people and nature—like seeing an atoll as part of your identity?
Techno-optimism, the belief that future innovations will mitigate climate change without major systemic changes, is prevalent among many climate delegates. The mindset can lead to delayed action / low recommended CO2 prices