Inducing the adoption of emerging technologies for sustainable intensification of food and renewable energy production: insights from applied economics

Madhu Khanna and Ruiqing Miao

Australian Journal of Agricultural and Resource Economics, 2021, vol. 66, issue 01

Abstract: Emerging advances in sustainable intensification technologies have the potential to transform land use and crop management approaches in ways that can increase resource productivity and reduce adverse environmental impacts of agricultural production. This paper describes emerging technologies that can sustainably intensify food and renewable energy production. We apply the findings from studies examining the adoption of technologies with similar stylized features to provide insights about the incentives and barriers for the adoption of these emerging technologies. We also present a landscape-based systems approach, based on welfare economics, to go beyond relying on a positive approach to explain observed adoption decisions to examining normative questions about the optimal mix, level, and location of adoption of these technologies to achieve desired societal outcomes. We conclude with a discussion of the insights from applied economics for the design of policy incentives to achieve these outcomes.

Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2021
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Journal Article: Inducing the adoption of emerging technologies for sustainable intensification of food and renewable energy production: insights from applied economics (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:342989

DOI: 10.22004/ag.econ.342989

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