The economic value of biochar in crop production and carbon sequestration
AbstractThis paper estimates the economic value of biochar application on agricultural cropland for carbon sequestration and its soil amendment properties. In particular, we consider the carbon emissions avoided when biochar is applied to agricultural soil, instead of agricultural lime, the amount of carbon sequestered, and the value of carbon offsets, assuming there is an established carbon trading mechanism for biochar soil application. We use winter wheat production in Eastern Whitman County, Washington as a case study, and consider different carbon offset price scenarios and different prices of biochar to estimate a farm profit. Our findings suggest that it may be profitable to apply biochar as a soil amendment under some conditions if the biochar market price is low enough and/or a carbon offset market exists.
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Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 39 (2011)
Issue (Month): 10 (October)
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Web page: http://www.elsevier.com/locate/enpol
Biochar Carbon sequestration Farm profitability;
Other versions of this item:
- Suzette P. Galinato & Jonathan K. Yoder & David Granatstein, 2010. "The Economic Value of Biochar in Crop Production and Carbon Sequestration," Working Papers 2010-3, School of Economic Sciences, Washington State University.
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maria Mansanet-Bataller & Angel Pardo & Enric Valor, 2007. "CO2 Prices, Energy and Weather," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 73-92.
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- Johannes Lehmann & John Gaunt & Marco Rondon, 2006. "Bio-char Sequestration in Terrestrial Ecosystems – A Review," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(2), pages 395-419, March.
- Koenig, P., 2011. "Modelling Correlation in Carbon and Energy Markets," Cambridge Working Papers in Economics 1123, Faculty of Economics, University of Cambridge.
- Brown, Tristan R. & Thilakaratne, Rajeeva & Brown, Robert C. & Hu, Guiping, 2013. "Regional differences in the economic feasibility of advanced biorefineries: Fast pyrolysis and hydroprocessing," Energy Policy, Elsevier, vol. 57(C), pages 234-243.
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