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Consequences of Co-benefits for the Efficient Design of Carbon Sequestration Programs, The

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Author Info
Feng, Hongli
Kling, Catherine L.

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Abstract

In 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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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12269.

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Date of creation: 29 Mar 2005
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Publication status: Published in Canadian Journal of Agricultural Economics, December 2005, Vol. 53, No. 4, pp. 461-476.
Handle: RePEc:isu:genres:12269

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  1. Feng, Hongli & Zhao, Jinhua & Kling, Catherine, 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers 5068, Iowa State University, Department of Economics.
  2. Feng, Hongli, 2005. "Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin, The," Staff General Research Papers 12258, Iowa State University, Department of Economics. [Downloadable!]
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  3. Feng, Hongli, 2005. "The dynamics of carbon sequestration and alternative carbon accounting, with an application to the upper Mississippi River Basin," Ecological Economics, Elsevier, vol. 54(1), pages 23-35, July. [Downloadable!] (restricted)
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  4. 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. [Downloadable!]
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  5. Feng, Hongli & Zhao, Jinhua & Kling, Catherine L, 2002. " The Time Path and Implementation of Carbon Sequestration," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 84(1), pages 134-49, February. [Downloadable!] (restricted)
  6. 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. [Downloadable!] (restricted)
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