Consequences of Co-benefits for the Efficient Design of Carbon Sequestration Programs, The

Hongli Feng and Catherine Kling

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: In this paper, we study the social efficiency of private carbon markets that include trading in agricultural soil carbon sequestration when there are significant co-benefits (positive environmental externalities) associated with the practices that sequester carbon. Likewise, we investigate the efficiency of government-run conservation programs that are designed to promote a broad array of environmental attributes (both carbon sequestration and its co-benefits) for the supply of carbon. Finally, policy design and efficiency issues associated with the potential interplay between a private carbon market and a government conservation program are studied. Empirical analyses for an area that represents a significant potential source of carbon sequestration and its associated co-benefits illustrate the magnitude and complexity of these issues in real-world policy design.

Keywords: average ranking of benefits; carbon markets; carbon sequestration; co-benefits; conservation programs; the Upper Mississippi River Basin. (search for similar items in EconPapers)
Date: 2005-03
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs (2005)
Working Paper: Consequences of Co-Benefits for the Efficient Design of Carbon Sequestration Programs, The (2005)
Working Paper: The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:05-wp390

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