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US Agriculture as a Carbon Sink: From International Agreements to Farm Incentives

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Abstract

This article examines voluntary agricultural carbon programs in the United States, the policy of international agreements to prevent further global warming, and reviews literature related to that policy and its impact on U.S. carbon programs. We discuss international, national, and regional carbon pricing mechanisms that provide the market signals to consumers and suppliers of carbon credits in detail in order to compare and contrast different programs that impact agricultural carbon markets. Economic descriptions of the programs are derived. This article is useful for those who wish to know how U.S. policy currently influences agricultural carbon markets as well as how proposals may need to be structured in order to avoid potential market obstacles.

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  • Oranuch Wongpiyabovorn & Alejandro Plastina & John M. Crespi, 2021. "US Agriculture as a Carbon Sink: From International Agreements to Farm Incentives," Center for Agricultural and Rural Development (CARD) Publications 21-wp627, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:21-wp627
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    Cited by:

    1. John M. Crespi & Stéphan Marette, 2022. "How Carbon Credits are Certified Could Change the Market Structure [Certification des crédits carbone et structure du marché]," Working Papers hal-03524998, HAL.
    2. Majeed, Fahd & Khanna, Madhu & Miao, Ruiqing & Kaiyu, Guan & Kent, Jeffery, 2023. "The Cost of Carbon Farming to Decarbonize the Economy," 2023 Annual Meeting, July 23-25, Washington D.C. 335923, Agricultural and Applied Economics Association.

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