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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; 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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| 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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