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An Overview of Carbon Offsets from Agriculture

Author

Listed:
  • Jimena González-Ramírez

    (Department of Economics, Iowa State University, Ames, Iowa 50011
    Resource and Environmental Policy Division, Center for Agricultural and Resource Development (CARD), Iowa State University, Ames, Iowa 50011)

  • Catherine L. Kling

    (Department of Economics, Iowa State University, Ames, Iowa 50011
    Resource and Environmental Policy Division, Center for Agricultural and Resource Development (CARD), Iowa State University, Ames, Iowa 50011)

  • Adriana Valcu

    (Department of Economics, Iowa State University, Ames, Iowa 50011
    Resource and Environmental Policy Division, Center for Agricultural and Resource Development (CARD), Iowa State University, Ames, Iowa 50011)

Abstract

Although 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.

Suggested Citation

  • Jimena González-Ramírez & Catherine L. Kling & Adriana Valcu, 2012. "An Overview of Carbon Offsets from Agriculture," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 145-160, August.
    • Handle: RePEc:anr:reseco:v:4:y:2012:p:145-160
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120016
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    Cited by:

    1. Tiberio Daddi & Niccolò Maria Todaro & Maria Rosa De Giacomo & Marco Frey, 2018. "A Systematic Review of the Use of Organization and Management Theories in Climate Change Studies," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 456-474, May.
    2. Majeed, Fahd & Khanna, Madhu & Miao, Ruiqing & Blanc, Elena & Hudiburg, Tara & DeLucia, Evan, 2020. "Designing payments for GHG mitigation to induce low carbon bioenergy production," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304394, Agricultural and Applied Economics Association.
    3. Tan, Zhihao & de Voil, Peter & Zhao, Jiongchao & Zhao, Dongxue & McGowan, Hamish & Xiao, Liujun & Rodriguez, Daniel, 2025. "Pathways towards Net Zero emissions in grain cropping farms," Agricultural Systems, Elsevier, vol. 229(C).
    4. Koen Deconinck & Marion Jansen & Carla Barisone, 2023. "Fast and furious: the rise of environmental impact reporting in food systems," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(4), pages 1310-1337.
    5. Wei, Yu & Wang, Yizhi & Vigne, Samuel A. & Ma, Zhenyu, 2023. "Alarming contagion effects: The dangerous ripple effect of extreme price spillovers across crude oil, carbon emission allowance, and agriculture futures markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    6. Kim, Youngho & Newburn, David & Lichtenberg, Erik & Wietelman, Derek & Wang, Haoluan, 2025. "Emissions Trading Programs for Afforestation: Interactions with Federal Agricultural Conservation Programs," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 360762, Agricultural and Applied Economics Association.
    7. Hai-Ying Gu & Qing-Mi Hu & Tian-Qiong Wang, 2019. "Payment for Rice Growers to Reduce Using N Fertilizer in the GHG Mitigation Program Driven by the Government: Evidence from Shanghai," Sustainability, MDPI, vol. 11(7), pages 1-17, April.

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    Keywords

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    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics

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