Are Agricultural Values a Reliable Guide in Determining Landowners’ Decisions to Create Carbon Forest Sinks?
Lili Sun and
Gerrit van Kooten
No 2005-09, Working Papers from University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group
This research examines the effects of various factors on farmer participation in agricultural tree plantations for economic, environmental, social and carbon-uptake purposes, and potential costs of sequestering carbon through afforestation in western Canada. Using data from a survey of landowners, a discrete choice random utility model is used to determine the probability of landowners’ participation and corresponding mean willingness to accept (WTA) compensation for a tree-planting program. WTA includes positive and negative benefits to landowners from planting trees, benefits not captured by foregone returns from agricultural activities on marginal land. Estimates of WTA are less than foregone returns, but even so average costs of creating carbon credits still exceed their projected value under a CO2-emissions trading scheme.
Keywords: Willingness to accept compensation for tree planting; afforestation; climate change (search for similar items in EconPapers)
JEL-codes: Q15 Q23 Q54 (search for similar items in EconPapers)
Pages: 33 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://web.uvic.ca/~repa/publications/REPA%20work ... kingPaper2005-09.pdf Final version, 2005 (application/pdf)
Working Paper: Are Agricultural Values a Reliable Guide in Determining Landowners’ Decisions to Create Carbon Forest Sinks? (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rep:wpaper:2005-09
Access Statistics for this paper
More papers in Working Papers from University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group Contact information at EDIRC.
Bibliographic data for series maintained by G.C. van Kooten ().