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Registros recuperados: 65
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MEETING THE KYOTO TARGET THROUGH CONSERVATION TILLAGE AND ITS IMPLICATION FOR NATURAL CAPITAL MAINTENANCE, PRODUCTION EFFICIENCY, AND SUSTAINABILITY AgEcon
Paudel, Krishna P.; Lohr, Luanne.
According to Article 3.4 of the Kyoto Protocol, agricultural soil could be used as a sink for carbon sequestration and hence it may provide an alternative venue to sequester the greenhouse gas emission. US plans to reduce the carbon emission amount by seven percent below the 1990 level within the target date of 2008-2012. The major approaches to achieve the goal targeted by Kyoto Protocol in US are through fossil fuel tax and increasing forest area by afforestation. This means fossil fuel price will increase which will have a direct impact to conventional tillage cost. As a result farmers would be motivated to use less machinery operation in farming and hence may use conservation tillage in farming practices. Rather than cause and effect relationship...
Tipo: Working or Discussion Paper Palavras-chave: Kyoto protocol; Carbon sequestration; Natural capital; Production efficiency; Sustainability; Environmental Economics and Policy; Productivity Analysis.
Ano: 2000 URL: http://purl.umn.edu/23812
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Pricing Benefit Externalities of Soil Carbon Sequestration in Multifunctional Agriculture AgEcon
Hartell, Jason G..
“Multifunctionality” emphasizes the benefit externality properties of nonfood products that coincide with agricultural commodity production, some of which also have public-good properties. However, determining the willingness to pay for local benefit externalities is seen as necessary but daunting. This paper pursues the idea that the valuation process might first start by estimating the incentives required to supply various levels of a benefit externality. With the use of carbon sequestration through the adoption of no-till cultivation as an example of a multifunctional benefit externality, mathematical programming is used to derive representative price schedules. The implication for incentive prices are examined in light of risk aversion.
Tipo: Journal Article Palavras-chave: Carbon sequestration; Externalities; Multifunctionality; Quadratic programming; C61; D62; Q12; Q21.
Ano: 2004 URL: http://purl.umn.edu/43416
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The Viability of Creating Wetlands for the Sale of Carbon Offsets AgEcon
Hansen, LeRoy T..
This analysis estimates the profitability of restoring wetlands for the sale of carbon offsets. Results indicate that about 7% to 12% of the recently restored grassed wetlands of the prairie pothole and high plains regions and 20% to 35% of the forested wetlands of the Mississippi alluvial valley and Gulf-Atlantic coastal flats regions could have carbon offset values that exceed the cost of restoring the wetland and the opportunity cost of moving the land out of agricultural production. Given the uncertainties, the analysis applies conservative estimates of wetlands’ costs, offset prices, and wetlands’ effects on greenhouse gases.
Tipo: Report Palavras-chave: Carbon markets; Carbon sequestration; Offsets; Wetland restoration; Environmental Economics and Policy; Land Economics/Use.
Ano: 2009 URL: http://purl.umn.edu/54551
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A Risk Analysis of Carbon Sequestration in Claypan Soil with Conservation Tillage Systems and Nitrogen Fertilizers for Grain Sorghum and Soybean AgEcon
Williams, Jeffery R.; Pendell, Dustin L.; Sweeney, Daniel; Rice, Charles W.; Nelson, Richard G..
Replaced with revised version of paper 02/15/06.
Tipo: Conference Paper or Presentation Palavras-chave: Carbon sequestration; Carbon credits; Nitrogen; Risk; Tillage; Crop Production/Industries; Risk and Uncertainty; Q12.
Ano: 2005 URL: http://purl.umn.edu/35327
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FROM THE PERSPECTIVE OF GLOBAL WARMING: ALTERNATIVE FARMING SYSTEMS AND SUSTAINABILITY AgEcon
Paudel, Krishna P.; Lohr, Luanne.
According to Article 3.4 of the Kyoto Protocol, agricultural soil could be used as a sink for carbon sequestration. Soil sequestration of carbon provides dual benefits: an increase in soil productivity and a reduction in atmospheric carbon concentration. The gain in soil productivity is a slow process and attaining a steady-state level of carbon in soil takes several years. A frequently encountered difficulty in this situation is how to discount the future benefit of carbon sequestration into a current term. We compared the net benefit of four alternative management systems using discount rates based on the sliding gamma distribution, market rate of investment, and the social rate of time preference. We also calculated the sustainability of these alternate...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Conservation practices; Strong and weak sustainability; Discounting method; Environmental Economics and Policy; Production Economics.
Ano: 2002 URL: http://purl.umn.edu/31656
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Producer Preference for Land-Based Biological Carbon Sequestration in Agriculture: An Economic Inquiry AgEcon
Jiang, Yong; Koo, Won W..
This study was intended to develop an understanding of producer preference for land-based carbon sequestration in agriculture. We conducted a mail survey to elicit producer choice to provide marketable carbon offsets by participating in different carbon credit programs characterized by varying practices. Based on a quantitative analysis, we found that: 1) the market price for carbon offsets could increase producer participation in carbon sequestration; 2) producers perceived differentially different but correlated private costs for adopting carbon sequestering practices, depending on production attributes; and 3) relatively high carbon prices would be needed to stimulate producer provision of carbon offsets by land-based carbon sequestration activities. A...
Tipo: Conference Paper or Presentation Palavras-chave: Greenhouse gas; Carbon sequestration; Producer stated preferences; Agriculture; Economics; Carbon offsets; Carbon markets; Agricultural and Food Policy; Environmental Economics and Policy; Farm Management; Land Economics/Use; Production Economics; Resource /Energy Economics and Policy; Q54; Q52; Q58.
Ano: 2011 URL: http://purl.umn.edu/104512
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The non-permanence of optimal soil carbon sequestration AgEcon
Hediger, Werner.
Carbon sequestration in agricultural soils is considered as an option of greenhouse gas mitigation in many countries. But, the economic potential is limited by the dynamic process of saturation and the opportunity cost of land use change. In addition, this article shows that permanence cannot, in general, be achieved in the strict sense of maintaining the soil carbon stock on an increased equilibrium level. Rather, a cyclical pattern with periodical release of sequestered carbon can be economically optimal from both the farmers’ and societal point of view.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Climate policy; Carbon sequestration; Land use change; Economic analysis.; Land Economics/Use; Q15; Q24; Q54..
Ano: 2009 URL: http://purl.umn.edu/51057
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A time to change? The supply of climate mitigation products from land-use change in northern NSW AgEcon
Moss, Jonathan; Cacho, Oscar J.; Mounter, Stuart W..
With the impending introduction of an Australian Carbon Pollution Reduction Scheme, farmers and landholders in rural Australia have increased opportunities to participate in the market. This includes the adoption of land-use change to sequester additional carbon in exchange for carbon credits and the production of a renewable energy source (biofuels). However, these land-use changes compete with existing farm enterprises and may contain significant transaction costs. Therefore it is necessary for the institutional arrangements to provide adequate incentives for landholders to adopt these land-use changes. This paper examines the potential supply of these land-use changes for climate mitigation from landholders in a northern NSW catchment. These results...
Tipo: Conference Paper or Presentation Palavras-chave: Border Rivers-Gwydir; Carbon sequestration; Land-use change; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59104
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The Dynamics of Carbon Sequestration and Alternative Carbon Accounting, with an Application to the Upper Mississippi River Basin AgEcon
Feng, Hongli.
Carbon sequestration is a temporal process in which carbon is continuously being stored/released over time. Different methods of carbon accounting can be used to account for this temporal nature, including annual average carbon, annualized carbon, and ton-year carbon. In this paper, starting by exposing the underlying connections among these methods, we examine how the comparisons of sequestration projects are affected by these methods and the major factors affecting them. We explore the empirical implications for carbon sequestration policies by applying these accounting methods to the Upper Mississippi River Basin, a large and important agriculture area in the United States. We find that the differences are significant in terms of the location of land...
Tipo: Working or Discussion Paper Palavras-chave: Annual average carbon; Annualized carbon; Carbon sequestration; Ton-year carbon; Environmental Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/18438
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Payments for environmental services : incentives through carbon sequestration compensation for cocoa-based agroforestry systems in Central Sulawesi, Indonesia AgEcon
Seeberg-Elverfeldt, Christina; Schwarze, Stefan; Zeller, Manfred.
Up to 25 percent of all anthropogenic greenhouse gas emissions are caused by deforestation, and Indonesia is the third largest greenhouse gas emitter worldwide due to land use change and deforestation. On the island of Sulawesi in the vicinity of the Lore Lindu National Park (LLNP), many smallholders contribute to conversion processes at the forest margin as a result of their agricultural practices. Specifically the area dedicated to cocoa plantations has increased from zero (1979) to nearly 18,000 hectares (2001). Some of these plots have been established inside the 220,000 hectares of the LLNP. An intensification process is observed with a consequent reduction of the shade tree density. This study assesses which impact carbon sequestration payments for...
Tipo: Working or Discussion Paper Palavras-chave: Payments for environmental services; Carbon sequestration; Agroforestry systems; Cocoa; Linear programming; Economic incentives; Poverty; Environmental Economics and Policy; Land Economics/Use.
Ano: 2008 URL: http://purl.umn.edu/92827
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Biological Carbon Sinks: Transaction Costs and Governance AgEcon
van Kooten, G. Cornelis.
Activities that remove CO2 from the atmosphere and store it in forest and agricultural ecosystems can generate CO2-offset credits that can thus substitute for CO2 emissions reduction. Are biological CO2-uptake activities competitive with CO2 offsets from reduced fossil fuel use? In this paper, it is argued that transaction costs impose a formidable obstacle to direct substitution of carbon uptake offsets for emissions reduction in trading schemes, and that separate caps should be set for emissions reduction and sink-related activities. While a tax/subsidy scheme is preferred to emissions trading for incorporating biologically-generated CO2 offsets, contracts that focus on the activity and not the amount of carbon sequestered are most likely to lead to the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Transaction costs; Climate change; Environmental Economics and Policy; Land Economics/Use; Q54; Q23; Q42; H23; D23.
Ano: 2008 URL: http://purl.umn.edu/45505
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Climate Change Legislation: Positive or Negative For North Dakota Agriculture? AgEcon
Taylor, Richard D.; Koo, Won W..
The United States House of Representatives passed a climate change bill entitled “The American Clean Energy and Security Act” in June 2009. The bill establishes a combined efficiency and renewable electricity standard which requires retail electricity suppliers to utilize 20% renewable energy by 2020. The objective of this study is to estimate the costs of the American Clean Energy and Security Act in crop production and the benefits of carbon sequestration under the legislation. This study especially evaluates the impact of the legislation on the North Dakota farm income under a Cap and Trade system with and without carbon sequestration. Three different carbon sequestration programs are evaluated to estimate the impact of each program on the net farm...
Tipo: Report Palavras-chave: Carbon sequestration; American Clean Energy and Security Act; North Dakota Representative Farm model; No-till; Wetlands; Woodlands; Net farm income; Agribusiness.
Ano: 2009 URL: http://purl.umn.edu/55940
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MARKET-BASED SOLUTIONS TO ENVIRONMENTAL PROBLEMS: DISCUSSION AgEcon
Woodward, Richard T..
There is rapidly growing interest in the use of market-based (MB) instruments in environmental policy. The papers in this session discuss three relatively new areas for such policies: groundwater contamination, nonpoint source surface-water pollution and carbon sequestration. The papers point out the potential for MB policies in these areas, but significant challenges remain. This comment highlights challenges related to five issues: monitoring and enforcement, trading ratios, baselines, transaction costs, and risk and uncertainty. All these issues must be addressed before MB policies can take the full step from economic theory to regulatory reality.
Tipo: Journal Article Palavras-chave: Global warming; Carbon sequestration; Groundwater contamination; Nonpoint pollution; Effluent trading; Tradable emissions permits; Environmental Economics and Policy; Q2; Q28; Q25.
Ano: 2000 URL: http://purl.umn.edu/15501
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THE DYNAMICS OF CARBON SEQUESTRATION AND MEASURES OF COST-EFFECTIVENESS AgEcon
Feng, Hongli.
The cost-effectiveness of carbon sequestration alternatives has often been discussed in the economics literature on sequestration. Average or marginal costs and annual carbon supply curves are often used as measures of cost-effectiveness. Sequestration is inherently a temporal process and how time is accounted for in the various measures of cost-effectiveness is critical for appropriate cross-study comparisons. I examine three factors that affect the magnitude of measured cost-effectiveness: the study period, the sequestration path, and the discount rate if discounting is used. The extent to which these factors affect the consistency of cross-study comparisons is empirically illustrated.
Tipo: Working or Discussion Paper Palavras-chave: Annualization; Carbon sequestration; The study period; Environmental Economics and Policy.
Ano: 2002 URL: http://purl.umn.edu/18451
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Uncertainty Discounting for Land-Based Carbon Sequestration AgEcon
Kim, Man-Keun; McCarl, Bruce A..
The effect of stochastic factors on soil carbon makes the quantity of carbon generated under a sequestration project uncertain. Hence, the quantity of sequestered carbon may need to be discounted to avoid liability from shortfalls. We present a potentially applicable uncertainty discount and discuss difficulties that might arise in empirical use. We insist that the variance in historical crop yields across geographical areas is used to derive a proxy variance for forming an uncertainty discount for carbon projects. Application of our approach suggests that project level uncertainty discounts would be 15–20% for the East Texas region.
Tipo: Journal Article Palavras-chave: Carbon sequestration; Discount; Uncertainty; Agribusiness; Land Economics/Use; Research and Development/Tech Change/Emerging Technologies; H43; Q54.
Ano: 2009 URL: http://purl.umn.edu/48754
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Designing Contracts for Reducing Emissions from Deforestation and Forest Degradation AgEcon
Cordero Salas, Paula.
Reduction of carbon emissions from deforestation and forest degradation (REDD) has been identified as a cost effective element of the post-Kyoto strategy to achieve long-term climate objectives. The success of REDD depends primarily on the design and implementation of a financial mechanism that provides land-holders sufficient incentives to participate in a REDD scheme. This paper proposes relational contracting as a more appropriate framework for analyzing proposed REDD incentive regimes rather than that of complete contracting enforcement because relational contracting relies upon mutual self-enforcement in a repeated transaction framework, which better suits the stylized facts of REDD. We characterize the optimal REDD relational contract and provide the...
Tipo: Conference Paper or Presentation Palavras-chave: Contracts; Incomplete enforcement; Carbon sequestration; Climate change; Institutions; Development.; Environmental Economics and Policy; Institutional and Behavioral Economics; International Development; Land Economics/Use; D86; K12; L14; O12; Q54; Q56.
Ano: 2010 URL: http://purl.umn.edu/61129
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CARBON SEQUESTRATION, CO-BENEFITS, AND CONSERVATION PROGRAMS AgEcon
Feng, Hongli; Kling, Catherine L.; Gassman, Philip W..
Land use changes to sequester carbon also provide "co-benefits," some of which (for example, water quality) have attracted at least as much attention as carbon storage. The non-separability of these co-benefits presents a challenge for policy design. If carbon markets are employed, then social efficiency will depend on how we take into account co-benefits, that is, externalities, in such markets. If carbon sequestration is incorporated into conservation programs, then the weight given to carbon sequestration relative to its co-benefits will partly shape these programs. Using the Conservation Reserve Program (CRP) as an example, we show that CRP has been sequestering carbon, which was not an intended objective of the program. We also demonstrate that more...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Co-benefits; Conservation Reserve Program; Environmental Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/18336
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Economic and Environmental Co-benefits of Carbon Sequestration in Agricultural Soils: Retiring Agricultural Land in the Upper Mississippi River Basin AgEcon
Feng, Hongli; Kurkalova, Lyubov A.; Kling, Catherine L.; Gassman, Philip W..
This study investigates the carbon sequestration potential and co-benefits from policies aimed at retiring agricultural land in the Upper Mississippi River Basin, a large, heavily agricultural area. We extend the empirical measurement of co-benefits from the previous focus on environmental benefits to include economic transfers. These transfers have often been mentioned as a co-benefit, but little empirical work measuring the potential magnitude of these transfers has previously been undertaken. We compare and contrast five targeting schemes, each based on maximizing different physical environmental measures, including carbon sequestration, soil erosion, nitrogen runoff, nitrogen leaching, as well as the area enrolled in the program. In each case, the...
Tipo: Working or Discussion Paper Palavras-chave: Carbon sequestration; Co-benefits; Co-effects; Economic transfers; Environmental benefits targeting; Upper Mississippi River Basin; Environmental Economics and Policy; Land Economics/Use.
Ano: 2005 URL: http://purl.umn.edu/18423
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Long Term Versus Temporary Certified Emission Reductions in Forest Carbon-Sequestration Programs AgEcon
Galinato, Gregmar I.; Olanie, Aaron; Uchida, Shinsuke; Yoder, Jonathan K..
Under the Clean Development Mechanism (CDM) of the Kyoto Protocol, forest projects can receive returns for carbon sequestration via two credit instruments: temporary (tCERs) or long-term certified emission reductions (lCERs). This article develops a theoretical model of optimal harvesting strategies that compares private optimal harvest decision under these two instruments. We find that risk neutral landowners are likely to prefer instituting lCERs over tCERs to maximize surplus. A particular type of early harvest penalty implemented under the lCERs is critical in determining the length of rotation intervals and the carbon credit supply. When this penalty is an increasing function of the difference in biomass before and after harvesting across verification...
Tipo: Working or Discussion Paper Palavras-chave: Forest rotation; Long term certified emission reductions (lCERs); Carbon sequestration; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q2; Q54; Q23.
Ano: 2010 URL: http://purl.umn.edu/60744
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Permanence of Carbon Sequestered in Forests under Uncertainty AgEcon
Kim, C.S.; Lewandrowski, Jan; Sands, Ronald D.; Johansson, Robert C..
In this paper we examine the issue of permanence in the context of sequestering carbon through afforestation. We develop a dynamic nested optimal control model of carbon sequestration associated with the decision to afforest a tract of land given there are uncertainties associated with fire and insect/disease hazards. Conceptually, these potential hazards are similar in that their occurrence at any time t is uncertain and landowners can take specific actions – although generally different actions - in any time period t to reduce the probability of sustaining losses related to them. The hazards differ, however, in that fire represents a large loss in carbon at a moment in time, while insect/disease infestations are more likely to be reflected in a period...
Tipo: Conference Paper or Presentation Palavras-chave: Carbon sequestration; Uncertainty; Optimal control; Hazard function; Forestry; Permanence; Environmental Economics and Policy; Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103565
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