Agricultural Offset Potential in the United States: Economic and Geospatial Insights
Robert T. Parkhurst,
Justin Baker and
William A Salas
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Jeremy Proville: Environmental Defense Fund
No zea8g, SocArXiv from Center for Open Science
Although agricultural greenhouse gases (GHGs) are emitted from a wide variety of activities and regions, many mitigation opportunities exist. This article describes efforts undertaken by the Environmental Defense Fund (EDF) and partners (2007-present) to convert abatement opportunities into carbon offsets, with the aim of reducing GHGs in this sector and providing revenue to landowners. Analysis of emission-abating practices for rice, grasslands, almonds and corn demonstrate that abatement costs are significant for most practices, and accompanied by high break-even carbon prices – often due to the existence of large transaction costs. Nonetheless, total abatement potential is shown to be large for certain activities. For this reason, and given the large series of opportunities not yet explored, a focal point of subsequent efforts should be to reduce transaction costs and barriers to entry.
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:zea8g
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