An Overview of Carbon Offsets from Agriculture
AbstractAlthough climate change has largely been removed from the federal policy agenda of the United States in the near term, the continued reliance on fossil fuels as a dominant energy source leaves many analysts to conclude that climate policy will eventually reappear on that agenda. We present a review of recent research related to the design and implementation of one instrument for greenhouse gas (GHG) reduction: offsets. As these are implemented, policy makers must understand the way these programs work. In this review, we describe the basic features of carbon offset markets, along with the potential supply of offsets from agricultural sources and associated cost considerations. In this discussion we highlight the role of institutional design of contracts and transactions costs. We then turn to the benefits of including offsets in policies to reduce GHGs and complete the review with a discussion of the challenges in implementing the programs.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 35575.
Date of creation: 18 Oct 2012
Date of revision:
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
More information through EDIRC
GHGs; carbon policy; conservation practices; carbon supply curves; additionality; leakage;
Other versions of this item:
- Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
- R - Urban, Rural, Regional, Real Estate, and Transportation Economics
This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-10-27 (Agricultural Economics)
- NEP-ALL-2012-10-27 (All new papers)
- NEP-ENV-2012-10-27 (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.:
- 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.
- Woodward, Richard T., 2011.
"Double-dipping in environmental markets,"
Journal of Environmental Economics and Management,
Elsevier, vol. 61(2), pages 153-169, March.
- James B. Bushnell, 2011.
"The Economics of Carbon Offsets,"
in: The Design and Implementation of U.S. Climate Policy, pages 197-209
National Bureau of Economic Research, Inc.
- Kurkalova, Lyubov A. & Kling, Catherine L. & Zhao, Jinhua, 2004.
"Value of Agricultural Nonpoint Source Pollution Measurement Technology: Assessment from a Policy Perspective,"
Staff General Research Papers
12328, Iowa State University, Department of Economics.
- Lyubov Kurkalova & Catherine Kling & Jinhua Zhao, 2004. "Value of agricultural non-point source pollution measurement technology: assessment from a policy perspective," Applied Economics, Taylor & Francis Journals, vol. 36(20), pages 2287-2298.
- Fell, Harrison & Burtraw, Dallas & Morgenstern, Richard & Palmer, Karen, 2011.
"Climate Policy Design with Correlated Uncertainties in Offset Supply and Abatement Cost,"
dp-10-01-rev, Resources For the Future.
- Harrison Fell & Dallas Burtraw & Richard Morgenstern & Karen Palmer, 2012. "Climate Policy Design with Correlated Uncertainties in Offset Supply and Abatement Cost," Land Economics, University of Wisconsin Press, vol. 88(3), pages 589-611.
- Schneider, Uwe A. & Kumar, Pushpam, 2008. "Greenhouse Gas Mitigation through Agriculture," Choices, Agricultural and Applied Economics Association, vol. 23(1).
- Michael Grubb & Tim Laing & Thomas Counsell & Catherine Willan, 2011. "Global carbon mechanisms: lessons and implications," Climatic Change, Springer, vol. 104(3), pages 539-573, February.
- 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.
- Kling, Catherine L. & Kurkalova, Lyubov A. & Zhao, Jinhua, 2006.
"Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage from Observed Behavior,"
Staff General Research Papers
12344, Iowa State University, Department of Economics.
- Lyubov Kurkalova & Catherine Kling & Jinhua Zhao, 2006. "Green Subsidies in Agriculture: Estimating the Adoption Costs of Conservation Tillage from Observed Behavior," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 54(2), pages 247-267, 06.
- Antle, John & Capalbo, Susan & Mooney, Sian & Elliott, Edward & Paustian, Keith, 2003. "Spatial heterogeneity, contract design, and the efficiency of carbon sequestration policies for agriculture," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 231-250, September.
- Hahn, Robert W. & Richards, Kenneth, 2010. "Environmental Offset Programs: Survey and Synthesis," Working paper 636, Regulation2point0.
- Hongli Feng & Lyubov A. Kurkalova & Catherine L. Kling & Philip W. Gassman, 2005. "Economic and Environmental Co-benefits of Carbon Sequestration in Agricultural Soils: Retiring Agricultural Land in the Upper Mississippi River Basin," Center for Agricultural and Rural Development (CARD) Publications 05-wp384, Center for Agricultural and Rural Development (CARD) at Iowa State University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stephanie Bridges) The email address of this maintainer does not seem to be valid anymore. Please ask Stephanie Bridges to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.