Ecosystem Services under Benefit and Cost Uncertainty: An Application to Soil Carbon Sequestration

Sergey S. Rabotyagov

Land Economics, 2010, vol. 86, issue 4

Abstract: Benefit and cost uncertainty in provisioning of ecosystem services are investigated in the context of soil carbon sequestration. Multiple parcel-level carbon sequestration options are considered. Uncertainty has been a widely stated reason for not including soil carbon sequestration in the portfolio of greenhouse gases reduction measures. Biophysical simulation models are used to generate a distribution of resulting environmental benefits. An econometric model of conservation practice adoption is used to generate a distribution of costs. The results provide a magnitude of uncertainty discount for soil carbon offsets and the budget margin of safety, and may assist in formulating carbon sequestration policy.

JEL-codes: D81 Q24 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (6)

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