Market Impact of Domestic Offset Programs

Tristan Brown, Amani E. Elobeid, Jerome Dumortier and Dermot Hayes

No 56345, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: Three recent reports have estimated the market impacts of domestic offset programs, including afforestation, contained in the American Clean Energy and Security Act (ACES). The magnitude of these estimated impacts motivates this study. We show that with carbon prices as low as $30 per metric ton, a significant number of U.S. crop acres would be used to grow trees and this would cause price increases for some U.S. commodities. Although we present only one carbon price scenario, the modeling approach that we use suggests that the acreage and price impacts we describe here would increase at higher carbon prices.

Keywords: Agribusiness; Land Economics/Use; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 30
Date: 2010-01
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Related works:
Working Paper: Market Impact of Domestic Offset Programs (2010)
Working Paper: Market Impact of Domestic Offset Programs (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:56345

DOI: 10.22004/ag.econ.56345

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