Valuating intangible benefits from afforested areas: A case study in India

Environmental compensation measures usually accompany energy projects. Willingness-To-Pay (WTP) for five intangible benefits derived from afforested areas of a compensatory afforestation programme of National Thermal Power Corporation Dadri are estimated. Conventional Contingent Valuation shows the...

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Main Authors: Avinash Jain, Girish Chandra, Raman Nautiyal
Format: Article
Language:English
Published: Universitat Politècnica de València 2017-06-01
Series:Economía Agraria y Recursos Naturales
Subjects:
Online Access:https://polipapers.upv.es/index.php/EARN/article/view/6566
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author Avinash Jain
Girish Chandra
Raman Nautiyal
author_facet Avinash Jain
Girish Chandra
Raman Nautiyal
author_sort Avinash Jain
collection DOAJ
description Environmental compensation measures usually accompany energy projects. Willingness-To-Pay (WTP) for five intangible benefits derived from afforested areas of a compensatory afforestation programme of National Thermal Power Corporation Dadri are estimated. Conventional Contingent Valuation shows the average WTP € 2.1 per respondent per month with more than 43 % of total WTP for ‘soil conservation and remediation’ and ‘improvement in underground water level’. Logit model method depicts the same order of magnitude but differs significantly at 5 % level for all the benefits. More informed decisions upon energy projects and afforestation programs shall help in conserving forests and their ecosystem services.
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publisher Universitat Politècnica de València
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series Economía Agraria y Recursos Naturales
spelling doaj-art-8dea6ea0decd49498351e1e1ef4e74c62025-08-20T02:38:56ZengUniversitat Politècnica de ValènciaEconomía Agraria y Recursos Naturales1578-07322174-73502017-06-011718910010.7201/earn.2017.01.044417Valuating intangible benefits from afforested areas: A case study in IndiaAvinash Jain0Girish Chandra1Raman Nautiyal2Tropical Forest Research InstituteIndian Council of Forestry Research and EducationIndian Council of Forestry Research and EducationEnvironmental compensation measures usually accompany energy projects. Willingness-To-Pay (WTP) for five intangible benefits derived from afforested areas of a compensatory afforestation programme of National Thermal Power Corporation Dadri are estimated. Conventional Contingent Valuation shows the average WTP € 2.1 per respondent per month with more than 43 % of total WTP for ‘soil conservation and remediation’ and ‘improvement in underground water level’. Logit model method depicts the same order of magnitude but differs significantly at 5 % level for all the benefits. More informed decisions upon energy projects and afforestation programs shall help in conserving forests and their ecosystem services.https://polipapers.upv.es/index.php/EARN/article/view/6566contingent valuationindiaintangible benefitslogit modelwtp
spellingShingle Avinash Jain
Girish Chandra
Raman Nautiyal
Valuating intangible benefits from afforested areas: A case study in India
Economía Agraria y Recursos Naturales
contingent valuation
india
intangible benefits
logit model
wtp
title Valuating intangible benefits from afforested areas: A case study in India
title_full Valuating intangible benefits from afforested areas: A case study in India
title_fullStr Valuating intangible benefits from afforested areas: A case study in India
title_full_unstemmed Valuating intangible benefits from afforested areas: A case study in India
title_short Valuating intangible benefits from afforested areas: A case study in India
title_sort valuating intangible benefits from afforested areas a case study in india
topic contingent valuation
india
intangible benefits
logit model
wtp
url https://polipapers.upv.es/index.php/EARN/article/view/6566
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AT girishchandra valuatingintangiblebenefitsfromafforestedareasacasestudyinindia
AT ramannautiyal valuatingintangiblebenefitsfromafforestedareasacasestudyinindia