IDEAS home Printed from https://ideas.repec.org/p/ags/usdami/349044.html
   My bibliography  Save this paper

Report to Congress: A General Assessment of the Role of Agriculture and Forestry in U.S. Carbon Markets

Author

Listed:
  • USDA Office of the Chief Economist

Abstract

Excerpt from the report Introduction: This report assesses the current state of carbon markets and provides foundational information to determine the establishment of a Greenhouse Gas Technical Assistance Provider and Third Party Verifier Program at the U.S. Department of Agriculture (USDA). It begins with an overview of current carbon credit markets and activities related to forestry and agricultural carbon credit generation. It then provides information on the supply and demand for carbon credits; descriptions of protocols and registries and other systems used to generate carbon credits; a summary of quantification and accounting methods; an assessment of barriers to entry into carbon markets; and options to address these barriers. Finally, the report discusses opportunities for other voluntary markets outside of voluntary environmental credit markets to foster the trading, buying, or selling of credits that are derived from activities that provide other ecosystem service benefits, including activities that improve water quality, water quantity, wildlife habitat enhancement, and other ecosystem services.

Suggested Citation

  • USDA Office of the Chief Economist, 2023. "Report to Congress: A General Assessment of the Role of Agriculture and Forestry in U.S. Carbon Markets," USDA Miscellaneous 349044, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:349044
    DOI: 10.22004/ag.econ.349044
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/349044/files/CMR-A1-00185804.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.349044?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wallander, Steven & Smith, David & Bowman, Maria & Claassen, Roger, 2021. "Cover Crop Trends, Programs, and Practices in the United States," Economic Information Bulletin 309562, United States Department of Agriculture, Economic Research Service.
    2. Yeh, Sonia & Witcover, Julie & Lade, Gabriel E. & Sperling, Daniel, 2016. "A review of low carbon fuel policies: Principles, program status and future directions," Energy Policy, Elsevier, vol. 97(C), pages 220-234.
    3. Annie Levasseur & Miguel Brandão & Pascal Lesage & Manuele Margni & David Pennington & Roland Clift & Réjean Samson, 2012. "Valuing temporary carbon storage," Nature Climate Change, Nature, vol. 2(1), pages 6-8, January.
    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. Cho, Seong-Hoon & Mingie, James C., 2025. "Impact of cost assumptions on forest carbon targets and supply dynamics," Forest Policy and Economics, Elsevier, vol. 172(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Spatari, S. & Larnaudie, V. & Mannoh, I. & Wheeler, M.C. & Macken, N.A. & Mullen, C.A. & Boateng, A.A., 2020. "Environmental, exergetic and economic tradeoffs of catalytic- and fast pyrolysis-to-renewable diesel," Renewable Energy, Elsevier, vol. 162(C), pages 371-380.
    2. Eric Britt Moore, 2023. "Challenges and Opportunities for Cover Crop Mediated Soil Water Use Efficiency Enhancements in Temperate Rain-Fed Cropping Systems: A Review," Land, MDPI, vol. 12(5), pages 1-14, April.
    3. Zhang, Jingfang & Malikov, Emir & Miao, Ruiqing & Ghosh, Prasenjit N., 2024. "Geography of Climate Change Adaptation in U.S. Agriculture: Evidence from Spatially Varying Long-Differences Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343758, Agricultural and Applied Economics Association.
    4. Faissal Jelti & Amine Allouhi & Kheira Anissa Tabet Aoul, 2023. "Transition Paths towards a Sustainable Transportation System: A Literature Review," Sustainability, MDPI, vol. 15(21), pages 1-25, October.
    5. H. Damon Matthews & Kirsten Zickfeld & Alexander Koch & Amy Luers, 2023. "Accounting for the climate benefit of temporary carbon storage in nature," Nature Communications, Nature, vol. 14(1), pages 1-10, December.
    6. Cao, Liang & Su, Jianping & Saddler, Jack & Cao, Yankai & Wang, Yixiu & Lee, Gary & Siang, Lim C. & Luo, Yi & Pinchuk, Robert & Li, Jin & Gopaluni, R. Bhushan, 2025. "Machine learning for real-time green carbon dioxide tracking in refinery processes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 213(C).
    7. Fengxia Dong, 2022. "Cover Crops, Drought, Yield, and Risk: An Analysis of US Soybean Production," NBER Chapters, in: American Agriculture, Water Resources, and Climate Change, pages 241-267, National Bureau of Economic Research, Inc.
    8. Witcover, Julie, 2018. "Status Review of California’s Low Carbon Fuel Standard, 2011–2018 Q1 September 2018 Issue," Institute of Transportation Studies, Working Paper Series qt445815cd, Institute of Transportation Studies, UC Davis.
    9. Wang, Tong & Jin, Hailong, 2024. "Impact of cost share programs on conservation practice adoption: A new perspective," 2024 Annual Meeting, July 28-30, New Orleans, LA 343974, Agricultural and Applied Economics Association.
    10. repec:ags:aaea22:344010 is not listed on IDEAS
    11. Hoyle, Aaron & Peters, Jotham & Jaccard, Mark & Rhodes, Ekaterina, 2024. "Additional or accidental? Simulating interactions between a low-carbon fuel standard and other climate policy instruments in Canada," Energy Policy, Elsevier, vol. 185(C).
    12. Shen, Neng & Deng, Rumeng & Liao, Haolan & Shevchuk, Oleksandr, 2020. "Mapping renewable energy subsidy policy research published from 1997 to 2018: A scientometric review," Utilities Policy, Elsevier, vol. 64(C).
    13. Han, Guang & Niles, Meredith T., 2023. "An adoption spectrum for sustainable agriculture practices: A new framework applied to cover crop adoption," Agricultural Systems, Elsevier, vol. 212(C).
    14. Luwei Feng & Yumiao Wang & Rasmus Fensholt & Xiaoye Tong & Torbern Tagesson & Xiaoxin Zhang & Jonas Ardö & Jie Zhou & Wenxuan Shao & Yujie Dou & Yirong Sang & Feng Tian, 2025. "Globally increased cropland soil exposure to climate extremes in recent decades," Nature Communications, Nature, vol. 16(1), pages 1-10, December.
    15. Mark Purdon & Julie Witcover & Colin Murphy & Sonya Ziaja & Mark Winfield & Genevieve Giuliano & Charles Séguin & Colleen Kaiser & Jacques Papy & Lewis Fulton, 2021. "Climate and transportation policy sequencing in California and Quebec," Review of Policy Research, Policy Studies Organization, vol. 38(5), pages 596-630, September.
    16. Mandegari, Mohsen & Ebadian, Mahmood & Saddler, Jack (John), 2023. "The need for effective life cycle assessment (LCA) to enhance the effectiveness of policies such as low carbon fuel standards (LCFS's)," Energy Policy, Elsevier, vol. 181(C).
    17. Gabriel E. Lade & James Bushnell, 2019. "Fuel Subsidy Pass-Through and Market Structure: Evidence from the Renewable Fuel Standard," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(3), pages 563-592.
    18. Axsen, Jonn & Wolinetz, Michael, 2023. "What does a low-carbon fuel standard contribute to a policy mix? An interdisciplinary review of evidence and research gaps," Transport Policy, Elsevier, vol. 133(C), pages 54-63.
    19. Stephanie Arcusa & Emily Hagood, 2025. "Definitions and mechanisms for managing durability and reversals in standards and procurers of carbon dioxide removal," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 30(1), pages 1-23, January.
    20. Katherine Baldwin & Anne Effland, 2022. "Integrating prevention into the risk management policy toolkit: A strategy for improving resilience to extreme events," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1222-1240, September.
    21. Gary D. Schnitkey & Sarah C. Sellars & Laura F. Gentry, 2024. "Cover crops, farm economics, and policy," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 46(2), pages 595-608, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:usdami:349044. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.usda.gov .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.