Frontiers | Estimating Benefits of Nature-based Solutions: Diverging Values From Choice Experiments With Time or Money Payments
Institute for Environmental Studies (IVM), Vrije Universiteit, Amsterdam, Netherlands Nature-based solutions (NBS) provide a promising means to a climate resilient future. To guide investments in NBS, stated preference studies have become a common tool to evaluate the benefits of NBS in developing countries. Due to subsistence lifestyles and generally lower incomes, SP studies in developing countries increasingly use time payments as an alternative to the traditionally implemented money payments. It remains unclear, however, how time values should be converted into money values, how the payme...
Source: frontiersin.org