Benefits and Costs of Methane Emission Reduction in the Irish National Herd

Ignacio Perez and Stephen Hynes

No 88, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: In this paper, we compare many of the widely available estimated global benefits of abatement with the costs to Irish agriculture, as estimated by the CAPRI model. We apply the model to Ireland only, in a simple comparative static simulation, and assume fixed prices. We focus more on methane reduction than GWP reduction as a whole, because most of the discussion regarding global warming from agriculture in Ireland has focused on methane. Our results suggest that the costs of methane abatement to the farming sector do indeed outweigh the global benefits, except in the case of very small methane abatements. However, if one also factors in the gains to society of the FEOGA budget rebates, then all losses disappear, and in fact net financial gains occur. We conclude that this may have implications for the design of methane reduction policies.

Keywords: methane; abatement costs; agriculture; Ireland (search for similar items in EconPapers)
JEL-codes: Q18 Q51 (search for similar items in EconPapers)
Date: 2004, Revised 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.economics.nuig.ie/resrch/paper.php?pid=88 First version, 2004 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
http://www.economics.nuig.ie/resrch/paper.php?pid=88 Revised version, 2004 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
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:nig:wpaper:0088

Access Statistics for this paper

More papers in Working Papers from National University of Ireland Galway, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Srinivas Raghavendra ().