Harvesting the Greenhouse through Altered Land Management: Economic Potential and Market Design Challenges

Uwe A. Schneider, Bruce A. McCarl and Richard T. Woodward

No 18538, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: An Agricultural Sector Model is used to determine the economic potential of agricultural greenhouse gas emission reduction strategies within hypothetical emission mitigation markets. For a complete set of agricultural land management decisions, emissions and emission reductions of carbon dioxide, methane, and nitrous oxide are accounted for and simultaneously subjected to a wide range of carbon prices. The estimated, competitive emission abatement supply functions for major agricultural strategies are contrasted with two other commonly used measures of abatement potential: single strategy economic potential and technical potential. Specific agricultural production and market characteristics that further impact agriculture's mitigation potential are discussed.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 23
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:18538

DOI: 10.22004/ag.econ.18538

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