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Soil carbon sequestration in mixed farming landscapes: Insights from the Lachlan soil carbon project

Author

Listed:
  • Pearson, Leonie J.
  • Crean, Jason
  • Badgery, Warwick
  • Murphy, Brian
  • Rawson, Andrew
  • Capon, Timothy
  • Reeson, Andrew

Abstract

The potential for soil carbon sequestration to play a significant role in meeting Australia’s greenhouse reduction targets has attracted widespread interest. Despite this interest, the economic scope for soil carbon sequestration remains poorly understood and the practical approaches that could be used to capture any opportunities have not been explored. In this paper we present preliminary results on a pilot soil carbon sequestration variable price, reverse tender auction in the mixed (wheat-sheep) farming system of the Lachlan Catchment, NSW. We draw on the results of the pilot to reveal; contract choice, landholders costs of soil carbon sequestration and the extent and impact of transaction costs associated with basic cost-effectiveness of the market mechanism.

Suggested Citation

  • Pearson, Leonie J. & Crean, Jason & Badgery, Warwick & Murphy, Brian & Rawson, Andrew & Capon, Timothy & Reeson, Andrew, 2012. "Soil carbon sequestration in mixed farming landscapes: Insights from the Lachlan soil carbon project," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 130973, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare12:130973
    DOI: 10.22004/ag.econ.130973
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    References listed on IDEAS

    as
    1. Ray Challen, 2000. "Institutions, Transaction Costs and Environmental Policy," Books, Edward Elgar Publishing, number 1961.
    2. Katherine Falconer & Pierre Dupraz & Martin Whitby, 2001. "An Investigation of Policy Administrative Costs Using Panel Data for the English Environmentally Sensitive Areas," Journal of Agricultural Economics, Wiley Blackwell, vol. 52(1), pages 83-103, January.
    3. Garnaut,Ross, 2008. "The Garnaut Climate Change Review," Cambridge Books, Cambridge University Press, number 9780521744447, September.
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