How experiencing extreme climate change events can impact people's willingness to pay during a power outage: a case study from the Ottawa, ON 2022 derecho.

Autor: Green-Mignacca, Santinah, Rostami, Milad, Bucking, Scott
Předmět:
Zdroj: Canadian Journal of Civil Engineering; 2024, Vol. 51 Issue 5, p461-476, 16p
Abstrakt: This study addresses critical gaps by evaluating willingness to pay (WTP) in Canada, the factors influencing it, and its application in averting future power outages stemming from extreme weather events. A comprehensive survey was conducted, polling 403 Ottawa residents regarding their experiences, impacts, and WTP concerning the May 2022 derecho weather and consequent power disruptions. The findings reveal a notable disparity in WTP between individuals enduring extended power outages (exceeding 4 days) and increased experienced costs. Results from a linear regression analysis show that upgrades for increased home resilience to power outages cost $590–$990/m2 more than a homeowner would be willing to pay. These results offer valuable insights for various stakeholders, aiding in projecting WTP and discerning investment thresholds for cost-effective and attainable resilience solutions, thereby facilitating the resilience enhancement process. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index