Environmental identity economics: an application to farmers’ pro-environmental investment behaviour
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Environmental identity economics : an application to farmers’ pro-environmental investment behaviour. / Zemo, Kahsay Haile; Termansen, Mette.
In: European Review of Agricultural Economics, Vol. 49, No. 2, 2022, p. 331–358.Research output: Contribution to journal › Journal article › Research › peer-review
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TY - JOUR
T1 - Environmental identity economics
T2 - an application to farmers’ pro-environmental investment behaviour
AU - Zemo, Kahsay Haile
AU - Termansen, Mette
PY - 2022
Y1 - 2022
N2 - This study proposes an environmental identity economics theory that can improve our understanding of pro-environmental behaviour. We test the potential of the theory by analysing farmers’ decisions to invest in renewable energy production using a hybrid choice model. Our findings illustrate that farmers with a strong environmental identity require less financial incentive to invest. Furthermore, lower compensation is found to be sufficient to induce farmers with a strong environmental identity to commit to more binding investment contracts. Our findings stress the need for differentiated designs of agri-environmental programmes and mechanisms that enhance farmers’ environmental identity.
AB - This study proposes an environmental identity economics theory that can improve our understanding of pro-environmental behaviour. We test the potential of the theory by analysing farmers’ decisions to invest in renewable energy production using a hybrid choice model. Our findings illustrate that farmers with a strong environmental identity require less financial incentive to invest. Furthermore, lower compensation is found to be sufficient to induce farmers with a strong environmental identity to commit to more binding investment contracts. Our findings stress the need for differentiated designs of agri-environmental programmes and mechanisms that enhance farmers’ environmental identity.
U2 - 10.1093/erae/jbab049
DO - 10.1093/erae/jbab049
M3 - Journal article
VL - 49
SP - 331
EP - 358
JO - European Review of Agricultural Economics
JF - European Review of Agricultural Economics
SN - 0165-1587
IS - 2
ER -
ID: 284637401