Consequences of Co-Benefits for the Efficient Design of Carbon Sequestration Programs, The
AbstractIn 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.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12269.
Date of creation: 29 Mar 2005
Date of revision:
Publication status: Published in Canadian Journal of Agricultural Economics, December 2005, vol. 53 no. 4, pp. 461-476
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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Other versions of this item:
- Hongli Feng & Catherine L. Kling, 2005. "Consequences of Co-benefits for the Efficient Design of Carbon Sequestration Programs, The," Center for Agricultural and Rural Development (CARD) Publications 05-wp390, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- NEP-AGR-2005-04-03 (Agricultural Economics)
- NEP-ALL-2005-04-03 (All new papers)
- NEP-ENE-2005-04-03 (Energy Economics)
- NEP-ENV-2005-04-03 (Environmental Economics)
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.:
- Butt, Tanveer A. & McCarl, Bruce A., 2004. "Farm and Forest Carbon Sequestration: Can Producers Employ it to Make Some Money?," Choices, Agricultural and Applied Economics Association, vol. 19(3).
- Feng, Hongli & Kurkalova, Lyubov A. & Kling, Catherine L. & Gassman, Philip W., 2005.
"Environmental Conservation in Agriculture: Land Retirement Versus Changing Practices on Working Land,"
Staff General Research Papers
12441, Iowa State University, Department of Economics.
- Hongli Feng & Lyubov A. Kurkalova & Catherine L. Kling & Philip W. Gassman, 2004. "Environmental Conservation in Agriculture: Land Retirement versus Changing Practices on Working Land," Center for Agricultural and Rural Development (CARD) Publications 04-wp365, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers 5068, Iowa State University, Department of Economics.
- Feng, Hongli, 2005.
"The dynamics of carbon sequestration and alternative carbon accounting, with an application to the upper Mississippi River Basin,"
Elsevier, vol. 54(1), pages 23-35, July.
- Feng, Hongli, 2005. "The Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin," Staff General Research Papers 12356, Iowa State University, Department of Economics.
- Hongli Feng, 2005. "Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin, The," Center for Agricultural and Rural Development (CARD) Publications 05-wp386, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Burtraw, Dallas & Krupnick, Alan & Palmer, Karen & Paul, Anthony & Toman, Michael & Bloyd, Cary, 2003. "Ancillary benefits of reduced air pollution in the US from moderate greenhouse gas mitigation policies in the electricity sector," Journal of Environmental Economics and Management, Elsevier, vol. 45(3), pages 650-673, May.
- Neuman, Amber D. & Belcher, Ken W., 2011. "The contribution of carbon-based payments to wetland conservation compensation on agricultural landscapes," Agricultural Systems, Elsevier, vol. 104(1), pages 75-81, January.
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