The application of the contingent valuation method in estimating the climate change mitigation and adaptation policies in Greece. An expert-based approach

When dealing with the ecological, social and economic impacts of climate change, it is important for each country to formulate and implement mitigation and adaptation measures. In this context, the present paper examines the application of the contingent valuation method (CVM) for the monetary estimation of the Greek national mitigation and adaptation climate change costs. To this purpose, the CVM in this case study has been applied to the Greek climate change experts only as, theoretically, they represent the most informed part of Greek society in technical and economic aspects of the climate change. Therefore, the findings of this paper express strictly the opinions of the national experts and are not representative of the general population. The monetary estimates include the experts’ WTP for mitigation and adaptation measures as well as their preferences on that percentage of the national GDP that should be funding such measures at the present as well as the future time-scale. In addition, questions concerning the political and institutional climate change settings are included in the survey, providing a more comprehensive socioeconomic analysis in this particular study.