Transfers and environmental co-benefits of carbon sequestration in agricultural soils: retiring agricultural land in the Upper Mississippi River Basin |
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| Authors: | Hongli Feng Lyubov A Kurkalova Catherine L Kling Philip W Gassman |
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| Institution: | (1) Department of Economics, and Center for Agricultural and Rural Development (CARD), Iowa State University, Ames, IA 50011, USA;(2) Resource and Environmental Policy Division, Center for Agricultural and Rural Development (CARD), Iowa State University, Ames, IA 50011, USA;(3) Department of Economics and Transportation/Logistics, North Carolina A&T State University, Greensboro, NC 27411, USA |
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| Abstract: | This study investigates the carbon sequestration potential and co-benefits from policies aimed at retiring agricultural land
in the Upper Mississippi River Basin, a large, heavily agricultural area. In addition to empirically measuring environmental
co-benefits, we also compute economic transfers, which have sometimes been referred to as a co-benefit. Very little empirical
work measuring the potential magnitude of these transfers has previously been undertaken. We compare and contrast alternative
targeting schemes. We find that there are considerable amount of co-benefits and transfers and that the geographic distribution
of co-benefits and transfers varies significantly with the specific benefit targeted. This implies that policy design related
to targeting can have very important implications for both environmental conditions and income distributions in sub-regions.
Issues related to policy design in the presence of co-benefits are considered.
Senior authorship is shared equally between the first two authors.
All views are those of the authors and not necessarily the funding agencies. |
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