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

Banna, H. and Afroz, R. and Masud, M.M. and Rana, M.S. and Koh, E.H.Y. and Ahmad, R. (2016) Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia. Cahiers Agricultures, 25 (2). p. 25003. ISSN 1166-7699

Full text not available from this repository.
Official URL: https://doi.org/10.1051/cagri/2016014

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
Uncontrolled Keywords: Adaptation; Agriculture; Climate change; Farmers; Contingent valuation method; Financing
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Faculty of Business and Accountancy
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 07 Dec 2017 01:36
Last Modified: 07 Dec 2017 01:36
URI: http://eprints.um.edu.my/id/eprint/18461

Actions (login required)

View Item View Item