Estimating the Irish public's willingness to pay for more sustainable salmon produced by integrated multi-trophic aquaculture

Suzanne van Osch, Stephen Hynes, Tim O'Higgins, Nick Hanley, Danny Campbell, Shirra Freeman

Research output: Contribution to journalArticlepeer-review

Abstract

Integrated Multi-Trophic Aquaculture (IMTA) has been put forward as a potential sustainable alternative to single fin fish species aquaculture. In IMTA, several species are combined in the production process. Integrating species has a conceivable dual advantage; the environmental impact can be lowered through nutrient cycling and from an economic perspective there is potential for increased efficiency, product diversification and a higher willingness to pay for more environmentally friendly produced salmon. This paper presents the results from a choice experiment which examines whether the Irish public is willing to pay a premium for “sustainably produced” farmed salmon from an IMTA process. Uniquely, an ecolabel was used in the design, based on familiar energy rating labels, to communicate the environmental pressure of fish farming to respondents. The experiment demonstrates that the Irish public has a willingness to pay a price premium for sustainability in salmon farming and for locally produced salmon.

Original languageEnglish
Pages (from-to)220-227
Number of pages8
JournalMarine Policy
Volume84
DOIs
StatePublished - Oct 2017

Keywords

  • Choice experiments
  • Ecolabels
  • IMTA
  • Sustainable aquaculture
  • Willingness to pay

All Science Journal Classification (ASJC) codes

  • General Environmental Science
  • Economics and Econometrics
  • Aquatic Science
  • Law
  • Management, Monitoring, Policy and Law

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