Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin, The
AbstractCarbon sequestration is a temporal process in which carbon is continuously being stored/released over time. Different methods of carbon accounting can be used to account for this temporal nature, including annual average carbon, annualized carbon, and ton-year carbon. In this paper, starting by exposing the underlying connections among these methods, we examine how the comparisons of sequestration projects are affected by these methods and the major factors affecting them. We explore the empirical implications for carbon sequestration policies by applying these accounting methods to the Upper Mississippi River Basin, a large and important agriculture area in the United States. We find that the differences are significant in terms of the location of land that might be chosen and the distribution of carbon sequestration over the area, although the total amount of carbon sequestered does not differ considerably across programs that use different accounting methods or different values of the major factors.
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Bibliographic InfoPaper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 05-wp386.
Date of creation: Mar 2005
Date of revision:
annual average carbon; annualized carbon; carbon sequestration; ton-year carbon.;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2006-04-22 (Agricultural Economics)
- NEP-ALL-2006-04-22 (All new papers)
- NEP-ENE-2006-04-22 (Energy Economics)
- NEP-ENV-2006-04-22 (Environmental Economics)
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