Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia

Banna, Hasanul Banna and Rafia, Afroz and Masud, Muhammad Mehedi (2016) Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia. Cahiers Agricultures, 25 (2). pp. 1-8. ISSN 1166-7699 E-ISSN 1777-5949

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Abstract

– This paper assesses farmers’ willingness to pay for an efficient adaptation programme to climate change for Malaysian agriculture. We used the contingent valuation method to determine the monetary assessment of farmers’ preferences for an adaptation programme. We distributed a structured questionnaire to farmers in Selangor, Malaysia. Based on the survey, 74% of respondents are willing to pay for the adaptation programme with several factors such as socio-economic and motivational factors exerting greater influences over their willingness to pay. However, a significant number of respondents are not willing to pay for the adaptation programme. The Malaysian government, along with social institutions, banks, NGOs, and media could come up with fruitful awareness programmes to motivate financing the programme. Financial institutions such as banks, insurances, leasing firms, etc. along with government and farmers could also donate a substantial portion for the adaptation programme as part of their corporate social responsibility (CSR)

Item Type:	Article (Journal)
Additional Information:	5965/50815
Uncontrolled Keywords:	adaptation / agriculture / climate change / farmers / contingent valuation method / financing
Subjects:	H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Rafia Afroz
Date Deposited:	20 Jun 2016 15:30
Last Modified:	21 Oct 2017 09:17
URI:	http://irep.iium.edu.my/id/eprint/50815

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