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| Registros recuperados: 33 | |
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| 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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| Babcock, Bruce A.; Beghin, John C.; Duffy, Michael D.; Feng, Hongli; Hueth, Brent; Kling, Catherine L.; Kurkalova, Lyubov A.; Schneider, Uwe A.; Secchi, Silvia; Weninger, Quinn; Zhao, Jinhua. |
| As Congress develops new farm legislation, some are lobbying for a new partnership between U.S. taxpayers and farmers. In exchange for an annual transfer of $10 to $20 billion from taxpayers to agriculture, farmers would do much more to enhance environmental quality. An attractive feature of a new partnership is that paying for an improved environment provides a clear and justifiable rationale for farm program payments, something that is lacking under current farm programs. By changing management practices and land use, farmers can provide cleaner water, cleaner air, better wildlife habitat, lower net greenhouse gas emissions, and improved long-run soil quality. Private profit maximizers largely ignore the value of these environmental goods. Hence, the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/36920 |
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| Feng, Hongli. |
| This paper analyzes the efficient design of green payments. Green payments can generate environmental benefits and support farmers' income. We extend a standard adverse selection model by incorporating dual policy goals into the design of green payments: conservation and income support. We also introduce heterogeneity into conservation efficiency type. The results of our dual-goal model and the standard adverse selection model are significantly different. The differences arise from two aspects. First, since farmers may receive green payments for conservation, or income support, or both, the incentive structure in the standard adverse selection model can be significantly altered. Second, information rent is no longer just a cost to induce truthful... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/19697 |
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| Feng, Hongli; Kling, Catherine L.. |
| In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant co-benefits (positive environmental externalities) associated with the practices that sequester carbon. Likewise, we investigate the efficiency of government run conservation programs that are designed to promote a broad array of environmental attributes (both carbon sequestration and its co-benefits) for the supply of carbon. Finally, policy design and efficiency issues associated with the potential interplay between a private carbon market and a government conservation program are studied. Empirical analyses for an area that represents a significant potential source of carbon sequestration and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19177 |
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| Secchi, Silvia; Jha, Manoj K.; Kurkalova, Lyubov A.; Feng, Hongli; Gassman, Philip W.; Kling, Catherine L.. |
| This study investigates the implications of treating different environmental benefits as the primary target of policy design. We focus on two scenarios, estimating for both of them in-stream sediment, nutrient loadings, and carbon sequestration. In the first, we assess the impact of a program designed to improve water quality in Iowa on carbon sequestration, and in the second, we calculate the water quality impact of a program aimed at maximizing carbon sequestration. In both cases, the policy instrument is the retirement of land from agricultural production. Our results, limited to the state of Iowa, and to the case of set-aside for water quality or carbon sequestration purposes, indicate that the amount of co-benefits depends on what indicators are used... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Carbon sequestration; Co-benefits; Environmental benefits targeting; Iowa; Land set-aside; Water quality; Environmental Economics and Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/18353 |
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| Feng, Hongli; Zhao, Jinhua; Kling, Catherine L.. |
| We investigate the value of carbon sequestration in a dynamic model, demonstrating that it is only a fraction of the value of emission abatement unless the sequestration, the natural decay rate of carbon and the discount rate. We also show that to optimally reduce the carbon stock, sinks should be utilized as early as possible. Further, we propose and assess three mechanisms to efficiently introduce sequestration into a carbon permit trading market, a pay-as-you-go system. We show that, although the three mechanisms may not be equally feasible to implement, they are all efficient. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18380 |
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| Feng, Hongli; Rubin, Ofir D.; Babcock, Bruce A.. |
| As the United States begins to move towards putting an economic value on reducing greenhouse gas (GHG) emissions, the need for improved accounting standards becomes acute. Lifecycle analysis (LCA), which involves the systematic collection and interpretation of material flow in all relevant processes of a product, has become the accepted procedure to use to determine greenhouse gas emissions of products ranging from transportation fuels, to building materials, to food production (Farrell et al., 2006; Hill et al., 2006; Owen, 2004). The basic motivation of LCA is that, to conduct a fair assessment of the environmental impacts of a product, it is necessary to take into account all of the processes throughout the product’s lifespan, including the extraction... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; Environmental Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/49101 |
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| Feng, Hongli; Zhao, Jinhua. |
| We examine the social efficiency of alternative intertemporal permit trading regimes. Banking with a 1-to-1 ratio and with a non-unitary intertemporal trading ratio (ITR) are compared with each other and with the no-banking permit trading regime. The more industry-wide shocks vary, and/or the more they are negatively correlated across time, the more efficient is a bankable permit regime. When the slope of the benefit function is greater than the slope of the damage function, banking with ITR=1+r is more efficient than a no-banking regime. Banking with ITR=1 can be more efficient than a no-banking regime. However, whether ITR=1 or ITR=1+r is better depends on the covariance structure of the shocks and the benefit and damage functions. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Bankable permits; Permit banking; Borrowing; Environmental Economics and Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/18543 |
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| 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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| Registros recuperados: 33 | |
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