Agricultural landowners’ response to incentives for afforestation

Taeyoung Kim and Christian Langpap

Resource and Energy Economics, 2016, vol. 43, issue C, 93-111

Abstract: Previous research has shown that afforestation of agricultural land is a relatively low-cost option compared to energy-based approaches for mitigating net carbon dioxide emissions, and that financial incentives affect landowner behavior and can be used to increase carbon sequestration on private land. In this paper we use stated preference data from private landowners in the Pacific Northwest region of the U.S. to examine the key factors affecting participation in an incentive program for carbon sequestration through afforestation. We also estimate the corresponding potential for carbon sequestration and its cost. Our results suggest that incentive payments would significantly and positively affect landowners’ level of enrollment in a tree planting program.

Keywords: Afforestation; Carbon sequestration; Carbon supply function; Incentives; Stated preference (search for similar items in EconPapers)
JEL-codes: Q23 Q28 Q54 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:resene:v:43:y:2016:i:c:p:93-111

DOI: 10.1016/j.reseneeco.2015.11.004

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