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An Economic Analysis of the Potential Influence of Carbon Credits on Farm Management Practices AgEcon
Weersink, Alfons; Joseph, Stanley; Kay, Beverly D.; Turvey, Calum G..
The objective of the 1997 Kyoto agreement was to limit greenhouse gas (GHG) emissions among signatory countries and thereby slow global warming. Under the agreement, Canada has committed itself to reduce GHGs over the next decade by 6 percent from estimated 1990 levels. Debate has now begun on the appropriate government policies that will induce the desired GHG reductions. Regulations could be in the form of direct controls or economic incentives, such as a subsidy/tax system or an emission trading system. The success of the U.S. emission market for SO2 (Schmalenseeet al., 1998) has generated growing interest in the use of a similar market mechanism for carbon (Holmes and Friedman, 2000). The existence of a carbon credit market presents the agricultural...
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; Farm Management.
Ano: 2003 URL: http://purl.umn.edu/45728
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