Does Inclusion of Landowners’ Non-Market Values Lower Costs of Creating Carbon Forest Sinks?

Sabina Shaikh, Pavel Suchánek, Lili Sun and Gerrit Cornelis van Kooten

No 2003-03, Working Papers from University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group

Abstract: This research examines effects of various factors on farmer participation in agricultural tree plantations for economic, environmental, social and carbon-uptake purposes. Using data from a survey of Canadian agricultural landowners, a discrete choice random utility model is used to determine the probability of farmers’ participation and corresponding mean willingness to accept (WTA) compensation for a tree-planting program. WTA includes positive and negative nonmarket benefits to landowners from planting trees. Estimates of WTA are less than foregone agricultural rents, but average costs of creating carbon credits still exceed their projected value under a CO2-emissions trading scheme.

Keywords: Willingness to accept compensation for tree planting; afforestation; climate change (search for similar items in EconPapers)
JEL-codes: Q15 Q23 Q54 (search for similar items in EconPapers)
Date: 2003
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Persistent link: http://EconPapers.repec.org/RePEc:rep:wpaper:2003-03

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