Piecemeal or combined? Assessing greenhouse gas mitigation spillovers in US forest and agriculture policy portfolios

Christopher S. Galik, Gregory S. Latta and Christopher Gambino

Climate Policy, 2019, vol. 19, issue 10, 1270-1283

Abstract: Forest and agricultural sector response to comprehensive climate policy is well represented in the literature. Less analysis has been devoted to piecemeal solutions. We use the Forest and Agriculture Sector Optimization Model with Greenhouse Gases (FASOMGHG) to project the individual and combined effect of three existing U.S. Department of Agriculture programmes with potential to increase greenhouse gas (GHG) mitigation. We find that a combined policy scenario may achieve greater mitigation than individual constituent programmes, suggesting the possibility of complementary spillover effects in some periods. Mitigation varies over time, however, and some periods experience net emissions as markets and management practices respond to initial policy shocks. The regional distribution of GHG mitigation also varies between policy scenario. Differences in the magnitude and imputed cost of mitigation under each scenario, generating negative values for some programmes and time periods, reinforces the need to evaluate portfolio design to cost-effectively achieve near-term GHG mitigation.Key policy insights Increased near-term GHG mitigation in the forest and agriculture sectors in the US may be possible by expanding or refocusing the emphasis of existing programmes.Implementing several such forest and agricultural programmes simultaneously may lead to greater GHG mitigation than when implemented separately, indicating the possibility of positive spillover effects.Programmes targeted to agricultural management may hold outsized potential to achieve near-term GHG mitigation; Policies aimed at influencing land use conversion appear to be more vulnerable to reversion and subject to larger inter-annual swings.The staged implementation of programmes could also be useful, helping to encourage increased mitigation (or the retention of already achieved mitigation) over time as markets re-equilibrate to initial shocks.Though the particular scenarios assessed here are unique to the US, our findings may be applicable to other locations outside the US where land management is influenced by individual market actors and there is competition between forest and agricultural land uses.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/14693062.2019.1663719 (text/html)
Access to full text is restricted to subscribers.

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:taf:tcpoxx:v:19:y:2019:i:10:p:1270-1283

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/tcpo20

DOI: 10.1080/14693062.2019.1663719

Access Statistics for this article

Climate Policy is currently edited by Professor Michael Grubb

More articles in Climate Policy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().