Transfers and Environmental Co-Benefits of Carbon Sequestration in Agricultural Soils: Retiring Agricultural Land in the Upper Mississippi River Basin
AbstractThis study investigates the carbon sequestration potential and co-benefits from policies aimed at retiring agricultural land in the Upper Mississippi River Basin, a large, heavily agricultural area. We extend the empirical measurement of co-benefits from the previous focus on environmental benenfits to include economic transfers. These transfers have often been mentioned as a co-benenfit, but little empirical work measruring the potential magnitude of these transfers has previously been undertaken. We compare and contrast five targeting schemes, each based on maximizing different physical environmental measures, including carbon sequestration, soil erosion, nitrogen runoff, nitrogen leaching, as well as the area enrolled in the program. In each case, the other environmental benefits and economic transfers are computed. We find that the geographic distribution of co-benefits (including economic transfers) varies significantly with the benefit targeted, implying that policy design related to targeting can have very important implications for both environmental condition and income distributions in sub-regions.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12439.
Date of creation: 16 Oct 2005
Date of revision:
Publication status: Published in Climatic Change, January 2007, vol. 80, pp. 91-107
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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This paper has been announced in the following NEP Reports:
- NEP-AGR-2005-10-29 (Agricultural Economics)
- NEP-ALL-2005-10-29 (All new papers)
- NEP-ENE-2005-10-29 (Energy Economics)
- NEP-ENV-2005-10-29 (Environmental Economics)
- NEP-RES-2005-10-29 (Resource Economics)
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Center for Agricultural and Rural Development (CARD) Publications
03-wp341, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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