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The Carbon Border Adjustment Mechanism in the agricultural sector: what prospects?

In: Biodiversity and Climate

Author

Listed:
  • Lorenzo del Federico
  • Silvia Giorgi

Abstract

Soil carbon sequestration (SCS) through increased humus building on croplands and grasslands is part of the international carbon agenda; see for example the ‘4-per-1000’ initiative. SCS measures also contribute to climate change adaptation and food security and thus have important co-benefits. The chapter specifies a feasible ‘4-per-1000’ scenario for Austria and estimates the microeconomic costs and macroeconomic impacts of selected SCS measures. The direct economic costs range from 0 €/ha/year for forage production to 450 €/ha/year for non-use of arable land (green fallow). The macroeconomic impacts are slightly positive and amount to 100 million € per annum. SCS measures usually impose additional costs on individual farmers, while the benefits and co-benefits of the measures have public good character. Therefore, political incentive schemes, such as those known from agri-environmental programmes, should accompany the transition to climate-friendly and resilient agriculture.

Suggested Citation

  • Lorenzo del Federico & Silvia Giorgi, 2024. "The Carbon Border Adjustment Mechanism in the agricultural sector: what prospects?," Chapters, in: Édouard Civel & Christian de Perthuis & Janet Milne & Mikael S. Andersen & Hope Ashiabor (ed.), Biodiversity and Climate, chapter 6, pages 88-98, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:23642_6
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035340521.00016
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