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The Economics of Soil C Sequestration and Agricultural Emissions Abatement : Volume 1, Issue 1 (10/04/2015)

By Alexander, P.

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Book Id: WPLBN0004022274
Format Type: PDF Article :
File Size: Pages 9
Reproduction Date: 2015

Title: The Economics of Soil C Sequestration and Agricultural Emissions Abatement : Volume 1, Issue 1 (10/04/2015)  
Author: Alexander, P.
Volume: Vol. 1, Issue 1
Language: English
Subject: Science, Soil
Collections: Periodicals: Journal and Magazine Collection, Copernicus GmbH
Historic
Publication Date:
2015
Publisher: Copernicus Gmbh, Göttingen, Germany
Member Page: Copernicus Publications

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Alexander, P., Smith, P., Paustian, K., & Moran, D. (2015). The Economics of Soil C Sequestration and Agricultural Emissions Abatement : Volume 1, Issue 1 (10/04/2015). Retrieved from http://hawaiilibrary.net/


Description
Description: SRUC, West Mains Road, Edinburgh, EH9 3JG, UK. Carbon is a critical component of soil vitality and is crucial to our ability to produce food. Carbon sequestered in soils also provides a further regulating ecosystem service, valued as the avoided damage from global climate change. We consider the demand and supply attributes that underpin and constrain the emergence of a market value for this vital global ecosystem service: markets being what economists regard as the most efficient institutions for allocating scarce resources to the supply and consumption of valuable goods. This paper considers how a potentially large global supply of soil carbon sequestration is reduced by economic and behavioural constraints that impinge on the emergence of markets, and alternative public policies that can efficiently transact demand for the service from private and public sector agents. In essence, this is a case of significant market failure. In the design of alternative policy options, we consider whether soil carbon mitigation is actually cost-effective relative to other measures in agriculture and elsewhere in the economy, and the nature of behavioural incentives that hinder policy options. We suggest that reducing the cost and uncertainties of mitigation through soil-based measures is crucial for improving uptake. Monitoring and auditing processes will also be required to eventually facilitate wide-scale adoption of these measures.

Summary
The economics of soil C sequestration and agricultural emissions abatement

Excerpt
Australian Government: Carbon Farming Initiative, Clean Energy Regulator, available at: http://www.cleanenergyregulator.gov.au/Carbon-Farming-Initiative (last access: 9 April 2014), 2014.; Baumol, W. and Oates, W.: The Theory of Environmental Policy, Cambridge University Press, 1988.; Carbon Brief: The state of carbon pricing: Around the world in 46 carbon markets, available at: http://www.carbonbrief.org/blog/2014/05/the-state-of-carbon-pricing-around-the-world-in-46-carbon-markets/, last access: 29 May 2014.; Cardina, J., Herms, C. P., and Doohan, D. J.: Crop rotation and tillage system effects on weed seedbanks, Weed Sci., 50, 448–460, 2002.; Carlton, R., Berry, P., and Smith, P.: Impact of crop yield reduction on GHG emissions from compensatory cultivation of pasture and forested land, Int. J. Agric. Sustain., 8, 164–175, 2010.; Conant, R. T., Paustian, K., and Elliott, E. T.: Grassland management and converstion into grassland: Effects on soil carbon, Ecol. Appl., 11, 343–355, 2001.; DECC: Carbon Valuation in UK Policy Appraisal: A Revised Approach. Department of Energy and Climate Change, London, UK, available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/245334/1_20090715105804_e____carbonvaluationinukpolicyappraisal.pdf (last access: October 2014), 2009.; Lal, R.: Soil management and restoration for C sequestration to mitigate the accelerated greenhouse effect, Progress in Environmental Science, 1, 307–326, 1999.; Denef, K., Archibeque, S., and Paustian, K.: Greenhouse gas emissions from U.S. agriculture and forestry: A review of emission sources, controlling factors, and mitigation potential. Interim report to USDA under Contract #GS23F8182H, available at: http://www.usda.gov/oce/climate_change/techguide/Denef_et_al_2011_Review_of_reviews_v1.0.pdf (last access: October 2014), 2011.; De Pinto, A., Magalhaes, M., and Ringler, C.: Potential of Carbon Markets for Small Farmers A Literature Review IFPRI, Washington DC Discussion Paper 01004, http://www.ifpri.org/sites/default/files/publications/ifpridp01004.pdf (last access: 9 April 2014), 2010.; Eagle, A., Olander, L., Henry, L. R., Haugen-Kozyra, K., Millar, N., and Robertson, G. P.: Greenhouse Gas Mitigation Potential of Agricultural Land Management in the United States: A Synthesis of the Literature. Report NIR 10-04, Third Edition, Durham, NC: Nicholas Institute for Environmental Policy Solutions, Duke University, 2012.; EPA: The Social Cost of Carbon. United States Environmental Protection Agency, Washington, DC, USA, available at: http://www.epa.gov/climatechange/EPAactivities/economics/scc.html (last access: October 2014), 2014.; Franzluebbers, A. J.: Achieving soil organic carbon sequestration with conservation agricultural systems in the southeastern United States, Soil Sci. Soc. Am. J., 74, 347–357, 2010.; Houghton, R. A.: The annual net flux of carbon to the atmosphere from changes in land use 1850 to 1990, Tellus, 50B, 298–313, 1999.; Houghton, R. A., Hackler, J. L., and Lawrence, K. T.: The US carbon budget: contributions form land-use change, Science, 285, 574–578, 1999.; IPCC: Climate Change 1995. The second assessment report, Cambridge University Press, Cambridge, UK, 1996.; IPCC: Special Report on Land Use, Land Use Change, and Forestry, Cambridge

 

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