The contribution of carbon-based payments to wetland conservation compensation on agricultural landscapes
This paper evaluates the potential of payments for carbon sequestered through wetland and riparian conservation, to offset the costs of publicly funded wetland conservation programs. In particular, the research focuses on quantifying the value of carbon sequestered in wetland and riparian zones of the Prairie Pothole Region in the province of Saskatchewan. The analysis examines a number of different program design, targeting alternatives and carbon prices and finds that payments for carbon contribute up to 3% (at $5Â t-1Â CO2e) and up to 9% (at $15Â t-1Â CO2e) of the monetary costs to compensate farmers for adopting wetland and riparian conservation management.
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- Claassen, Roger & Hansen, LeRoy T. & Peters, Mark & Breneman, Vincent E. & Weinberg, Marca & Cattaneo, Andrea & Feather, Peter & Gadsby, Dwight M. & Hellerstein, Daniel & Hopkins, Jeffrey W. & Johnsto, 2001. "Agri-Environmental Policy at the Crossroads: Guideposts on a Changing Landscape," Agricultural Economics Reports 33983, United States Department of Agriculture, Economic Research Service.
- Frey, Bruno S & Oberholzer-Gee, Felix, 1997. "The Cost of Price Incentives: An Empirical Analysis of Motivation Crowding-Out," American Economic Review, American Economic Association, vol. 87(4), pages 746-755, September.
- Hongli Feng & Catherine L. Kling, 2005.
"Consequences of Co-benefits for the Efficient Design of Carbon Sequestration Programs, The,"
Center for Agricultural and Rural Development (CARD) Publications
05-wp390, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Feng, Hongli & Kling, Catherine L., 2005. "Consequences of Co-Benefits for the Efficient Design of Carbon Sequestration Programs, The," Staff General Research Papers Archive 12269, Iowa State University, Department of Economics.
- Adger, W. Neil & Luttrell, Cecilia, 2000. "Property rights and the utilisation of wetlands," Ecological Economics, Elsevier, vol. 35(1), pages 75-89, October.
- 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), pages -, August.
- John A. Fox & Jeffrey M. Peterson, 2008. "Farmers' Perceived Costs of Wetlands: Effects of Wetland Size, Hydration, and Dispersion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(1), pages 172-185.
- Daniel J. Phaneuf & V. Kerry Smith & Raymond B. Palmquist & Jaren C. Pope, 2008. "Integrating Property Value and Local Recreation Models to Value Ecosystem Services in Urban Watersheds," Land Economics, University of Wisconsin Press, vol. 84(3), pages 361-381.
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