IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/54551.html
   My bibliography  Save this article

The Viability of Creating Wetlands for the Sale of Carbon Offsets

Author

Listed:
  • Hansen, LeRoy T.

Abstract

This analysis estimates the profitability of restoring wetlands for the sale of carbon offsets. Results indicate that about 7% to 12% of the recently restored grassed wetlands of the prairie pothole and high plains regions and 20% to 35% of the forested wetlands of the Mississippi alluvial valley and Gulf-Atlantic coastal flats regions could have carbon offset values that exceed the cost of restoring the wetland and the opportunity cost of moving the land out of agricultural production. Given the uncertainties, the analysis applies conservative estimates of wetlands’ costs, offset prices, and wetlands’ effects on greenhouse gases.

Suggested Citation

  • Hansen, LeRoy T., 2009. "The Viability of Creating Wetlands for the Sale of Carbon Offsets," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 34(2), August.
  • Handle: RePEc:ags:jlaare:54551
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/54551
    Download Restriction: no

    References listed on IDEAS

    as
    1. Paul Baer & Clive L Spash, 2008. "Cost-Benefit Analysis of Climate Change: Stern Revisited," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-07, CSIRO Sustainable Ecosystems.
    2. Joseph Cooper & John Loomis, 1993. "Testing whether waterfowl hunting benefits increase with greater water deliveries to wetlands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(6), pages 545-561, December.
    3. Ribaudo, Marc & Hansen, LeRoy T. & Hellerstein, Daniel & Greene, Catherine R., 2008. "The Use of Markets To Increase Private Investment in Environmental Stewardship," Economic Research Report 56473, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aaron Laporte, 2014. "Effects of Crop Prices, Nuisance Costs, and Wetland Regulation on Saskatchewan NAWMP Implementation Goals," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 62(1), pages 47-67, March.
    2. G. Cornelis van Kooten & Patrick Withey & Linda Wong, 2011. "Bioeconomic Modeling of Wetlands and Waterfowl in Western Canada: Accounting for Amenity Values," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 59, pages 167-183, June.
    3. Patrick Withey & G. Cornelis van Kooten, 2011. "The Effect of Climate Change on Wetlands and Waterfowl in Western Canada: Incorporating Cropping Decisions into a Bioeconomic Model," Working Papers 2011-06, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    4. Gascoigne, William R. & Hoag, Dana & Koontz, Lynne & Tangen, Brian A. & Shaffer, Terry L. & Gleason, Robert A., 2011. "Valuing ecosystem and economic services across land-use scenarios in the Prairie Pothole Region of the Dakotas, USA," Ecological Economics, Elsevier, vol. 70(10), pages 1715-1725, August.
    5. Withey, Patrick & van Kooten, G. Cornelis, 2011. "The effect of climate change on optimal wetlands and waterfowl management in Western Canada," Ecological Economics, Elsevier, vol. 70(4), pages 798-805, February.
    6. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:54551. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/waeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.