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Greenhouse Gas Abatement Policies and the Value of Carbon Sinks: Do Grazing and Cropping Systems have Different Destinies?

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  • Flugge, Felicity
  • Schilizzi, Steven

Abstract

The impact of two greenhouse gas abatement policies on two Mediterranean-type farming systems, grazing dominant and cropping dominant, is examined. The policies analysed are; an emissions taxation policy and an emissions restrictions policy. For both farming systems the restriction policy is found to be more effective and economically efficient than the carbon permit policy. Absolute cost of abatement is less for the livestock dominant system but relative cost is greater, because of lower total farm profits. The analysis found that at predicted emissions permit prices, trees, if credited as a carbon sink, would be adopted by both farming systems to offset farm greenhouse gas emissions.

Suggested Citation

  • Flugge, Felicity & Schilizzi, Steven, 2003. "Greenhouse Gas Abatement Policies and the Value of Carbon Sinks: Do Grazing and Cropping Systems have Different Destinies?," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57865, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare03:57865
    DOI: 10.22004/ag.econ.57865
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    1. Flugge, Felicity & Schilizzi, Steven, 2003. "Alternative Policies with Complementary Benefits: Targeting Greenhouse Emissions or Water Recharge on Farming Systems?," 14th Congress, Perth, Western Australia, August 10-15, 2003 24392, International Farm Management Association.
    2. Young, Michael & Kingwell, Ross & Young, John & Vercoe, Phil, 2020. "An economic analysis of sheep flock structures for mixed enterprise Australian farm businesses," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), July.
    3. Michael Young & Ross Kingwell & John Young & Phil Vercoe, 2020. "An economic analysis of sheep flock structures for mixed enterprise Australian farm businesses," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), pages 677-699, July.

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