The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs
Abstract"In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant cobenefits (positive environmental externalities) associated with the practices that sequester carbon. Likewise, we investigate the efficiency of government run conservation programs that are designed to promote a broad array of environmental attributes (both carbon sequestration and its cobenefits) for the supply of carbon. Finally, policy design and efficiency issues associated with the potential interplay between a private carbon market and a government conservation program are studied. Empirical analyses for an area that represents a significant potential source of carbon sequestration and its associated cobenefits illustrate the magnitude and complexity of these issues in real world policy design." Copyright 2005 Canadian Agricultural Economics Society.
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Bibliographic InfoArticle provided by Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie in its journal Canadian Journal of Agricultural Economics.
Volume (Year): 53 (2005)
Issue (Month): 4 (December)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0008-3976
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- Garnache, Cloe & Merel, Pierre R., 2012. "Carbon market policy design: Investigating the role of payments aggregation," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124960, Agricultural and Applied Economics Association.
- Alejandro Caparrós & Emilio Cerdá & Paola Ovando & Pablo Campos, 2010.
"Carbon Sequestration with Reforestations and Biodiversity-scenic Values,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 45(1), pages 49-72, January.
- A. Caparrós & E. Cerdá & P. Ovando & P. Campos, 2007. "Carbon Sequestration with Reforestations and Biodiversity-Scenic Values," Working Papers 2007.28, Fondazione Eni Enrico Mattei.
- Heberling, Matthew T. & García, Jorge H. & Thurston, Hale W., 2010. "Does encouraging the use of wetlands in water quality trading programs make economic sense?," Ecological Economics, Elsevier, vol. 69(10), pages 1988-1994, August.
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