The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs

Hongli Feng and Catherine Kling

Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 2005, vol. 53, issue 4, 461-476

Abstract: In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant cobenefits (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 cobenefits) 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 its associated cobenefits illustrate the magnitude and complexity of these issues in real world policy design. Dans le présent article, nous avons examiné l'efficacité sociale des marchés privés d'échange de droits d'émission de carbone y compris les échanges liés à la séquestration du carbone dans les sols agricoles lorsqu'il y a des avantages accessoires considérables (effets favorables sur l'environnement) associés aux pratiques qui permettent de séquestrer le carbone. Nous avons également analysé l'efficacité des programmes de conservation administrés par le gouvernement et conçus pour promouvoir diverses caractéristiques environnementales (dont la séquestration du carbone et ses avantages accessoires) pour l'offre du carbone. Finalement, nous avons examiné les problèmes de conception et d'efficacité des politiques en présence d'interaction entre un marché privé d'échange de droits d'émission de carbone et un programme de conservation administré par le gouvernement. Des analyses empiriques dans le cas d'une région qui représente une source considérable de séquestration du carbone et d'avantages accessoires ont illustré l'importance et la complexité des problèmes liés à la conception de politiques.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://doi.org/10.1111/j.1744-7976.2005.00030.x

Related works:
Working Paper: Consequences of Co-benefits for the Efficient Design of Carbon Sequestration Programs, The (2005)
Working Paper: Consequences of Co-Benefits for the Efficient Design of Carbon Sequestration Programs, The (2005)
Working Paper: The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:canjag:v:53:y:2005:i:4:p:461-476

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0008-3976

Access Statistics for this article

More articles in Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie from Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().