Soil carbon sequestration in mixed farming landscapes: Insights from the Lachlan soil carbon project

Leonie J. Pearson, Jason Crean, Warwick Badgery, Brian Murphy, Andrew Rawson, Timothy Capon and Andrew Reeson

No 130973, 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia from Australian Agricultural and Resource Economics Society

Abstract: The potential for soil carbon sequestration to play a significant role in meeting Australia’s greenhouse reduction targets has attracted widespread interest. Despite this interest, the economic scope for soil carbon sequestration remains poorly understood and the practical approaches that could be used to capture any opportunities have not been explored. In this paper we present preliminary results on a pilot soil carbon sequestration variable price, reverse tender auction in the mixed (wheat-sheep) farming system of the Lachlan Catchment, NSW. We draw on the results of the pilot to reveal; contract choice, landholders costs of soil carbon sequestration and the extent and impact of transaction costs associated with basic cost-effectiveness of the market mechanism.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 19
Date: 2012-02
New Economics Papers: this item is included in nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare12:130973

DOI: 10.22004/ag.econ.130973

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