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U.S. Agriculture's Role in a Greenhouse Gas Emission Mitigation World: An Economic Perspective

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  • Bruce A. McCarl
  • Uwe A. Schneider

Abstract

International agreements are likely to stimulate greenhouse gas mitigation efforts. Agriculture can participate either as a source of emission reductions or as a sink for gas emission storage. Emission trading markets are likely to emerge where agriculture could sell emission offsets. Several agricultural opportunities are available at a cost of $10–25 per ton carbon dioxide. Abatement costs for non-agricultural industries have been estimated to be as much as $200–250 per ton carbon dioxide. In the longer run, agriculture's role may diminish because many agricultural strategies offer only one-time gains and non-agricultural emitters may lower costs through technical change.

Suggested Citation

  • Bruce A. McCarl & Uwe A. Schneider, 2000. "U.S. Agriculture's Role in a Greenhouse Gas Emission Mitigation World: An Economic Perspective," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(1), pages 134-159.
    • Handle: RePEc:oup:revage:v:22:y:2000:i:1:p:134-159.
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    File URL: http://hdl.handle.net/10.1111/1058-7195.t01-1-00011
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