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Soil carbon sequestration by agriculture: Policy options

Ben Henderson, Jussi Lankoski, Eimear Flynn, Alastair Sykes, Florian Payen and Michael MacLeod
Additional contact information
Ben Henderson: OECD
Eimear Flynn: OECD
Alastair Sykes: Scotland’s Rural College
Florian Payen: Scotland’s Rural College
Michael MacLeod: Scotland’s Rural College

No 174, OECD Food, Agriculture and Fisheries Papers from OECD Publishing

Abstract: Net soil carbon sequestration on agricultural lands could offset 4% of annual global human-induced GHG emissions over the rest of the century and make an important contribution to meeting the targets of the Paris Agreement. To harness this potential of the agricultural sector to positively contribute to the sustainability agenda, a package of policies is needed to enhance global soil carbon stocks. Such a package would include regulations to prevent the loss of soil carbon, knowledge transfer policies to promote “win-win” solutions, and additional incentives delivered via market-based policies. The latter will need to be supported by innovative contracting solutions to address concerns about the non-permanence of carbon stocks and to reduce transaction costs.

Keywords: Climate change; GHG; Mitigation; Sequestration practices (search for similar items in EconPapers)
JEL-codes: Q1 Q18 Q2 Q24 Q28 Q5 Q54 Q57 Q58 (search for similar items in EconPapers)
Date: 2022-01-24
New Economics Papers: this item is included in nep-agr and nep-env
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