CO2 as Resource. Society’s Willingness to Pay Analysis

Author:

Terjanika Viktorija1,Vetrinska Liana1,Pubule Jelena1

Affiliation:

1. Institute of Energy Systems and Environment , Riga Technical University , Azenes st. 12/1 , Riga , , Latvia

Abstract

Abstract Climate change, including the efficient management of CO2 emissions, is considered a significant environmental challenge today. Carbon dioxide is still considered an undesirable by-product that must be eliminated. However, it can be turned into a source of income. By using the latest technologies of CO2 capturing and/or utilization, valuable products with high added value can be created. For more effective analysis of the opportunities to use CO2 in Latvia, it is necessary to find out the opinion of both the public and the industrial sector. The prospects of such technologies in the local market soon depend on the desire and opportunities of the market to turn waste into a profitable resource. This paper aims to determine the Latvian manufacturer’s and society’s willingness to pay and make changes in CO2 utilization. The analysis of the conducted survey will give an insight into the opinion of these significant market players in Latvian case.

Publisher

Walter de Gruyter GmbH

Subject

General Environmental Science,Renewable Energy, Sustainability and the Environment

Reference31 articles.

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