Investigating public preferences and willingness to pay for carbon capture and storage (CCS) in the United Kingdom: evidence from a contingent valuation

The contingent valuation study employs the double bounded dichotomous choice format and interval regression models are used to estimate WTP values and determine the factors underlying these decisions. I employ split sampling to investigate the effect of different message framings on the WTP decisions made by political partisans to determine if motivated reasoning is present. Respondents are also split into treatment groups to determine if invoking the concept of anticipated regret increases willingness to pay for CCS implementation.</p><p>Mean WTP for the implementation of CCS is approximately £96.

Evidence of motivated reasoning is found, albeit not in a political context.</p><p>In terms of the effect of invoking feelings of anticipated regret, the environmental message frame is stronger than the economic frame.</p><p>The willingness to pay expressed in this study, driven by concerns about climate change and energy security, shows that the support expressed by the government for the implementation of the technology is justified by people’s preferences.</p><br><i>Thesis is embargoed until 31 July 2028.</i><br>