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Barriers to Massachusetts forest landowner participation in carbon markets

Author

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  • Markowski-Lindsay, Marla
  • Stevens, Thomas
  • Kittredge, David B.
  • Butler, Brett J.
  • Catanzaro, Paul
  • Dickinson, Brenton J.

Abstract

U.S. forests, including family-owned forests, are important carbon sinks and sources for carbon sequestration. Family forest owners constitute a significant portion of the overall forestland in the U.S., but little is known about their preferences for participating in carbon sequestration programs. The goal of this research is to understand what motivates Massachusetts family forest owners to participate in carbon markets. The study estimates the probability these landowners would engage in carbon sequestration programs using data from a survey of 930 Massachusetts family forest owners. Results from a random effects ordered probit indicate that under a carbon scenario similar to the current voluntary scheme, very few of these landowners would be interested in participating. Supply analysis indicates these landowners are more influenced to participate by factors other than price. Regression analysis results suggest that survey respondents are concerned about early withdrawal penalties, additionality requirements, and contract length. Forest owner harvesting plans, opinions about forest usage, and beliefs about climate change all play a significant role in the decision to participate. The study suggests that policy makers should consider the reasons behind these low participation rates, because private forest owners could play a pivotal role in the carbon sequestration potential of forests.

Suggested Citation

  • Markowski-Lindsay, Marla & Stevens, Thomas & Kittredge, David B. & Butler, Brett J. & Catanzaro, Paul & Dickinson, Brenton J., 2011. "Barriers to Massachusetts forest landowner participation in carbon markets," Ecological Economics, Elsevier, vol. 71(C), pages 180-190.
  • Handle: RePEc:eee:ecolec:v:71:y:2011:i:c:p:180-190 DOI: 10.1016/j.ecolecon.2011.08.027
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
    2. Khanal, Puskar N. & Grebner, Donald L. & Munn, Ian A. & Grado, Stephen C. & Grala, Robert K. & Henderson, James E., 2017. "Evaluating non-industrial private forest landowner willingness to manage for forest carbon sequestration in the southern United States," Forest Policy and Economics, Elsevier, vol. 75(C), pages 112-119.
    3. Håbesland, Daniel E. & Kilgore, Michael A. & Becker, Dennis R. & Snyder, Stephanie A. & Solberg, Birger & Sjølie, Hanne K. & Lindstad, Berit H., 2016. "Norwegian family forest owners' willingness to participate in carbon offset programs," Forest Policy and Economics, Elsevier, vol. 70(C), pages 30-38.
    4. Kreye, Melissa M. & Adams, Damian C. & Escobedo, Francisco J. & Soto, José R., 2016. "Does policy process influence public values for forest-water resource protection in Florida?," Ecological Economics, Elsevier, vol. 129(C), pages 122-131.
    5. Miller, Kristell A. & Snyder, Stephanie A. & Kilgore, Michael A., 2012. "An assessment of forest landowner interest in selling forest carbon credits in the Lake States, USA," Forest Policy and Economics, Elsevier, vol. 25(C), pages 113-122.
    6. Soto, José R. & Adams, Damian C. & Escobedo, Francisco J., 2016. "Landowner attitudes and willingness to accept compensation from forest carbon offsets: Application of best–worst choice modeling in Florida USA," Forest Policy and Economics, Elsevier, vol. 63(C), pages 35-42.
    7. Marissa Bongiovanni Schmitz & Erin Clover Kelly, 2016. "Ecosystem Service Commodification: Lessons from California," Global Environmental Politics, MIT Press, vol. 16(4), pages 90-110, November.
    8. Moss, Jonathan & Cacho, Oscar J., 2014. "Farm-scale analysis of the potential uptake of carbon offset activities," 2014 Conference, August 28-29, 2014, Nelson, New Zealand 187402, New Zealand Agricultural and Resource Economics Society.
    9. Zhou, Mo, 2015. "Adapting sustainable forest management to climate policy uncertainty: A conceptual framework," Forest Policy and Economics, Elsevier, vol. 59(C), pages 66-74.

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