IDEAS home Printed from https://ideas.repec.org/p/ags/aaea03/21913.html
   My bibliography  Save this paper

Carbon sequestration in agricultural soils: A dynamic assessment

Author

Listed:
  • de Cara, Stephane
  • Rozakis, Stelios

Abstract

We examine the spatial and dynamic implications of policies aimed at encouraging carbon sequestration in agricultural soils. We consider incentive mechanisms to encourage the planting of energy multi-annual crops that allow higher carbon sequestration rates for a longer period of time. By using a dynamic micro-economic model, we simulate the sequence of crop plantings over a given time horizon and investigate different payment mechanisms (per-ton or per-hectare). We discuss their implications in terms of regulation policy and efficiency. This model is then applied to the Central Plains of Thessaly, Greece to assess the marginal costs of carbon sequestration and the optimal timing of switching to multi-annual energy crops. To do so, we couple the dynamic microeconomic model with a carbon accounting model and a geophysical database. We provide an assessment of the potential loss of efficiency related to the use of constant per-hectare payments. We also discuss the dynamic implications of these mechanisms, as well as their results in terms of spatial distribution.

Suggested Citation

  • de Cara, Stephane & Rozakis, Stelios, 2003. "Carbon sequestration in agricultural soils: A dynamic assessment," 2003 Annual meeting, July 27-30, Montreal, Canada 21913, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21913
    DOI: 10.22004/ag.econ.21913
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/21913/files/sp03de07.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.21913?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bruce A. McCarl & Brian C. Murray & Uwe A. Schneider, 2001. "Influences of Permanence on the Comparative Value of Biological Sequestration versus Emissions Offsets," Center for Agricultural and Rural Development (CARD) Publications 01-wp282, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Alan S. Manne & Richard G. Richels, 2001. "An alternative approach to establishing trade-offs among greenhouse gases," Nature, Nature, vol. 410(6829), pages 675-677, April.
    3. Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers Archive 5068, Iowa State University, Department of Economics.
    4. Hongli Feng, 2002. "Dynamics of Carbon Sequestration and Measures of Cost-Effectiveness, The," Center for Agricultural and Rural Development (CARD) Publications 02-wp320, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    5. Newell, Richard G. & Stavins, Robert N., 2000. "Climate Change and Forest Sinks: Factors Affecting the Costs of Carbon Sequestration," Journal of Environmental Economics and Management, Elsevier, vol. 40(3), pages 211-235, November.
    6. Paul Smaglik, 2000. "United States backs soil strategy in fight against global warming," Nature, Nature, vol. 406(6796), pages 549-550, August.
    7. Antle, John & Capalbo, Susan & Mooney, Sian & Elliott, Edward & Paustian, Keith, 2003. "Spatial heterogeneity, contract design, and the efficiency of carbon sequestration policies for agriculture," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 231-250, September.
    8. de Cara, Stephane & Jayet, Pierre-Alain, 2001. "Agriculture And Climate Change In The Eu: Greenhouse Gas Emissions And Abatement Costs," 2001 Annual meeting, August 5-8, Chicago, IL 20577, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. de Cara, Stephane & Rozakis, Stelios, 2004. "Carbon sequestration through the planting of multi-annual energy crops: A dynamic and spatial assessment," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 5(1), pages 1-17, January.
    2. de Cara, Stephane & Houze, Martin & Jayet, Pierre-Alain, 2004. "Greenhouse gas emissions from agriculture in the EU: A spatial assessment of sources and abatement costs," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58401, Australian Agricultural and Resource Economics Society.
    3. Tas Thamo & David J. Pannell & Marit E. Kragt & Michael J. Robertson & Maksym Polyakov, 2017. "Dynamics and the economics of carbon sequestration: common oversights and their implications," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(7), pages 1095-1111, October.
    4. Jimena González-Ramírez & Catherine L. Kling & Adriana Valcu, 2012. "An Overview of Carbon Offsets from Agriculture," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 145-160, August.
    5. Hediger, Werner, 2009. "The non-permanence of optimal soil carbon sequestration," 83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland 51057, Agricultural Economics Society.
    6. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
    7. Stavins, Robert & Plantinga, Andrew & Lubowski, Ruben, 2005. "Land-Use Change and Carbon Sinks," RFF Working Paper Series dp-05-04, Resources for the Future.
    8. Oladipo S. Obembe & Nathan P. Hendricks, 2022. "Marginal cost of carbon sequestration through forest afforestation of agricultural land in the southeastern United States," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 59-73, November.
    9. Mireille Chiroleu-Assouline & Sébastien Roussel, 2010. "Contract Design to Sequester Carbon in Agricultural Soils," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00505137, HAL.
    10. Mireille Chiroleu-Assouline & Sebastien Roussel, 2014. "Payments for Carbon Sequestration in Agricultural Soils: Incentives for the Future and Rewards for the Past," CEEES Paper Series CE3S-01/14, European University at St. Petersburg, Department of Economics.
    11. Garnache, Cloe & Merel, Pierre R., 2012. "Carbon market policy design: Investigating the role of payments aggregation," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124960, Agricultural and Applied Economics Association.
    12. Povellato, Andrea & Bosello, Francesco & Giupponi, Carlo, 2007. "A Review of Recent Studies on Cost Effectiveness of GHG Mitigation Measures in the European Agro-Forestry Sector," Natural Resources Management Working Papers 10268, Fondazione Eni Enrico Mattei (FEEM).
    13. Garnache, Cloé & Mérel, Pierre R. & Lee, Juhwan & Six, Johan, 2017. "The social costs of second-best policies: Evidence from agricultural GHG mitigation," Journal of Environmental Economics and Management, Elsevier, vol. 82(C), pages 39-73.
    14. Timothy Capon & Michael Harris & Andrew Reeson, 2013. "The Design of Markets for Soil Carbon Sequestration," Economic Papers, The Economic Society of Australia, vol. 32(2), pages 161-173, June.
    15. Gulati, Sumeet & Vercammen, James, 2006. "Time inconsistent resource conservation contracts," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 454-468, July.
    16. Man, Cosmin D. & Lyons, Kevin C. & Nelson, John D. & Bull, Gary Q., 2015. "Cost to produce Carbon credits by reducing the harvest level in British Columbia, Canada," Forest Policy and Economics, Elsevier, vol. 52(C), pages 9-17.
    17. Christian Azar & Daniel Johansson, 2012. "Valuing the non-CO 2 climate impacts of aviation," Climatic Change, Springer, vol. 111(3), pages 559-579, April.
    18. Chunni Gao & Mark Honti & Jinhua Cheng & Tao Wang, 2024. "Impact of Land Use and Climate Change on Streamflow: An Assessment Using a Semi-Empirical Model in the Guishui Watershed of North China," Land, MDPI, vol. 13(6), pages 1-15, May.
    19. John M. Antle & Seojin Cho & S. M. Hossein Tabatabaie & Roberto O. Valdivia, 2019. "Economic and environmental performance of dryland wheat-based farming systems in a 1.5 °C world," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 24(2), pages 165-180, February.
    20. Robert N. Stavins, 1998. "A Methodological Investigation of the Costs of Carbon Sequestration," Journal of Applied Economics, Taylor & Francis Journals, vol. 1(2), pages 231-277, November.

    More about this item

    Keywords

    Environmental Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea03:21913. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.