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Carbon sequestration through the planting of multi-annual energy crops: A dynamic and spatial assessment

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  • de Cara, Stephane
  • Rozakis, Stelios

Abstract

In this study, we examine the spatial and dynamic implications of policies aimed at increasing carbon sequestration in agricultural soils. We consider incentive mechanisms designed to encourage the planting of energy multi-annual crops that allow higher carbon sequestration rates for a longer period of time. By using a dynamic micro-economic model, we simulate the sequence of crop plantings over a given time horizon and investigate different payment mechanisms (per-ton or per-hectare). We discuss their implications in terms of regulation policy and efficiency. This model is then applied to the Central Plains of Thessaly, Greece, to assess the marginal costs of carbon sequestration and the optimal timing of switching to multi-annual energy crops. To do so, we combine the dynamic microeconomic model with a carbon accounting model and a geophysical database. We assess the efficiency loss of constant per-hectare payments compared to per-ton mechanisms. The dynamic and spatial implications of these mechanisms are compared and discussed.

Suggested Citation

  • de Cara, Stephane & Rozakis, Stelios, 2004. "Carbon sequestration through the planting of multi-annual energy crops: A dynamic and spatial assessment," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 5(1), January.
  • Handle: RePEc:ags:aergaa:26449
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    References listed on IDEAS

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    1. Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers Archive 5068, Iowa State University, Department of Economics.
    2. Hongli Feng, 2002. "Dynamics of Carbon Sequestration and Measures of Cost-Effectiveness, The," Center for Agricultural and Rural Development (CARD) Publications 02-wp320, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. 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.
    4. Douglas J. Miller, 1999. "An Econometric Analysis of the Costs of Sequestering Carbon in Forests," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 812-824.
    5. Bruce A. McCarl & Brian C. Murray & Uwe A. Schneider, 2001. "Influences of Permanence on the Comparative Value of Biological Sequestration versus Emissions Offsets," Center for Agricultural and Rural Development (CARD) Publications 01-wp282, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    6. Newell, Richard G. & Stavins, Robert N., 2000. "Climate Change and Forest Sinks: Factors Affecting the Costs of Carbon Sequestration," Journal of Environmental Economics and Management, Elsevier, vol. 40(3), pages 211-235, November.
    7. S De Cara & P-A Jayet, 2000. "Emissions of greenhouse gases from agriculture: the heterogeneity of abatement costs in France," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 27(3), pages 281-303, September.
    8. Schneider, Uwe A. & Kumar, Pushpam, 2008. "Greenhouse Gas Mitigation through Agriculture," Choices, Agricultural and Applied Economics Association, vol. 23(1).
    9. de Cara, Stephane & Jayet, Pierre-Alain, 2001. "Agriculture And Climate Change In The Eu: Greenhouse Gas Emissions And Abatement Costs," 2001 Annual meeting, August 5-8, Chicago, IL 20577, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. repec:hal:journl:halshs-00674020 is not listed on IDEAS
    2. Mireille Chiroleu-Assouline & Sébastien Roussel, 2010. "Contract Design to Sequester Carbon in Agricultural Soils," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00505137, HAL.
    3. Camacho, Carmen & Pérez-Barahona, Agustín, 2015. "Land use dynamics and the environment," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 96-118.

    More about this item

    Keywords

    Crop Production/Industries;

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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