Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia
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 q...
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| Format: | Article |
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EDP Sciences
2016
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| author | Banna, H. Afroz, R. Masud, M.M. Rana, M.S. Koh, E.H.Y. Ahmad, R. |
| author_facet | Banna, H. Afroz, R. Masud, M.M. Rana, M.S. Koh, E.H.Y. Ahmad, R. |
| author_sort | Banna, H. |
| collection | UM |
| description | 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). |
| first_indexed | 2024-03-06T05:45:29Z |
| format | Article |
| id | um.eprints-18461 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T05:45:29Z |
| publishDate | 2016 |
| publisher | EDP Sciences |
| record_format | dspace |
| spelling | um.eprints-184612017-12-07T01:36:46Z http://eprints.um.edu.my/18461/ Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia Banna, H. Afroz, R. Masud, M.M. Rana, M.S. Koh, E.H.Y. Ahmad, R. HF Commerce HG Finance 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). EDP Sciences 2016 Article PeerReviewed 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, DOI https://doi.org/10.1051/cagri/2016014 <https://doi.org/10.1051/cagri/2016014>. https://doi.org/10.1051/cagri/2016014 doi:10.1051/cagri/2016014 |
| spellingShingle | HF Commerce HG Finance Banna, H. Afroz, R. Masud, M.M. Rana, M.S. Koh, E.H.Y. Ahmad, R. Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title | Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title_full | Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title_fullStr | Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title_full_unstemmed | Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title_short | Financing an efficient adaptation programme to climate change: A contingent valuation method tested in Malaysia |
| title_sort | financing an efficient adaptation programme to climate change a contingent valuation method tested in malaysia |
| topic | HF Commerce HG Finance |
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