Consumers overstate willingness to pay for green options, study finds.
The article discusses how people are willing to pay for eco-friendly options in transportation and utilities. The researchers found that when asked, people tend to overstate how much they are willing to pay for sustainable choices. They also discovered that people are more willing to pay for improvements that directly affect them, like cleaner beaches, compared to preventive measures like using renewable energy. Overall, the study shows that people may say they value green options more than they actually do when it comes to paying for them.