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Agriculture and global climate stabilization: a public good analysis

Author

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  • John Quiggin

    (Department of Economics, University of Queensland)

Abstract

The stabilization of global climate presents one of the most complex problems in public good provision the world has faced. Continuation of ‘business as usual’ policies, leading to warming of more than 2 degrees over the next year, will produce significant damage to agricultural systems and catastrophic damage to the natural ecosystems that ultimately support agriculture. The best solution to the public goods problem is a ‘contract and converge’ agreement in which the ultimate outcome is a common global entitlement to CO2 emissions per person.

Suggested Citation

  • John Quiggin, 2009. "Agriculture and global climate stabilization: a public good analysis," Climate Change Working Papers WPC09_1, Risk and Sustainable Management Group, University of Queensland.
    • Handle: RePEc:rsm:climte:c09_1
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    File URL: http://www.uq.edu.au/rsmg/WP/WPC09_01.pdf
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    Cited by:

    1. is not listed on IDEAS
    2. Oladipo S. Obembe & Nathan P. Hendricks, 2022. "Marginal cost of carbon sequestration through forest afforestation of agricultural land in the southeastern United States," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 59-73, November.
    3. Laure Bamière & Pierre‐Alain Jayet & Salomé Kahindo & Elsa Martin, 2021. "Carbon sequestration in French agricultural soils: A spatial economic evaluation," Agricultural Economics, International Association of Agricultural Economists, vol. 52(2), pages 301-316, March.
    4. Irtiqa Malik & Muneeb Ahmed & Yonis Gulzar & Sajad Hassan Baba & Mohammad Shuaib Mir & Arjumand Bano Soomro & Abid Sultan & Osman Elwasila, 2023. "Estimation of the Extent of the Vulnerability of Agriculture to Climate Change Using Analytical and Deep-Learning Methods: A Case Study in Jammu, Kashmir, and Ladakh," Sustainability, MDPI, vol. 15(14), pages 1-25, July.

    More about this item

    Keywords

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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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