A behavioural economics analysis of the impact of information and knowledge on CO2 capture and storage acceptance in the European Union

Research output: Contribution to journalArticle

Abstract

The paper analyses the impact that European Union citizens’ access to information on climate change has on their awareness of carbon capture and storage (CCS), perceived risks and benefits of using CCS and stated choice of preferred CCS options. We use a Eurobarometer dataset about awareness/acceptance of CCS and run structural equation models (SEM) for twelve EU countries with an average sample size of 1,100 observations per country. Results between the different countries are comparable and, alongside other determinants, access to information sources will significantly impact CCS awareness, perceived risk and benefits of CCS and preferences towards options of CCS.
Original languageEnglish
Pages (from-to)605 - 614
Number of pages10
JournalProcedia Economics and Finance
Volume14
DOIs
Publication statusFirst published - 2014

Fingerprint

Economic analysis
Carbon capture and storage
European Union
Co2
Acceptance
Perceived risk
Perceived benefits
Structural equation model
Climate change
Information sources
Stated choice
EU countries
Sample size

Bibliographical note

1023354

Keywords

  • Behavioural economics
  • CO2 capture and storage
  • EU citizens’ CCS acceptance
  • Information and knowledge
  • Structural equation models

Cite this

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title = "A behavioural economics analysis of the impact of information and knowledge on CO2 capture and storage acceptance in the European Union",
abstract = "The paper analyses the impact that European Union citizens’ access to information on climate change has on their awareness of carbon capture and storage (CCS), perceived risks and benefits of using CCS and stated choice of preferred CCS options. We use a Eurobarometer dataset about awareness/acceptance of CCS and run structural equation models (SEM) for twelve EU countries with an average sample size of 1,100 observations per country. Results between the different countries are comparable and, alongside other determinants, access to information sources will significantly impact CCS awareness, perceived risk and benefits of CCS and preferences towards options of CCS.",
keywords = "Behavioural economics, CO2 capture and storage, EU citizens’ CCS acceptance, Information and knowledge, Structural equation models",
author = "L Toma and AP Barnes and C Revoredo-Giha and V Tsitsoni and K Glenk",
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AU - Barnes, AP

AU - Revoredo-Giha, C

AU - Tsitsoni, V

AU - Glenk, K

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PY - 2014

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AB - The paper analyses the impact that European Union citizens’ access to information on climate change has on their awareness of carbon capture and storage (CCS), perceived risks and benefits of using CCS and stated choice of preferred CCS options. We use a Eurobarometer dataset about awareness/acceptance of CCS and run structural equation models (SEM) for twelve EU countries with an average sample size of 1,100 observations per country. Results between the different countries are comparable and, alongside other determinants, access to information sources will significantly impact CCS awareness, perceived risk and benefits of CCS and preferences towards options of CCS.

KW - Behavioural economics

KW - CO2 capture and storage

KW - EU citizens’ CCS acceptance

KW - Information and knowledge

KW - Structural equation models

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JO - Procedia Economics and Finance

JF - Procedia Economics and Finance

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