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Harvesting the Greenhouse through Altered Land Management: Economic Potential and Market Design Challenges

Author

Listed:
  • Uwe A. Schneider
  • Bruce A. McCarl
  • Richard Woodward

Abstract

An Agricultural Sector Model is used to determine the economic potential of agricultural greenhouse gas emission reduction strategies within hypothetical emission mitigation markets. For a complete set of agricultural land management decisions, emissions and emission reductions of carbon dioxide, methane, and nitrous oxide are accounted for and simultaneously subjected to a wide range of carbon prices. The estimated, competitive emission abatement supply functions for major agricultural strategies are contrasted with two other commonly used measures of abatement potential: single strategy economic potential and technical potential. Specific agricultural production and market characteristics that further impact agriculture's mitigation potential are discussed.

Suggested Citation

  • Uwe A. Schneider & Bruce A. McCarl & Richard Woodward, 2001. "Harvesting the Greenhouse through Altered Land Management: Economic Potential and Market Design Challenges," Center for Agricultural and Rural Development (CARD) Publications 01-wp288, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:01-wp288
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