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U.S. Agriculture's Role in a Greenhouse Gas Emission Mitigation World: An Economic Perspective
Author(s) -
McCarl Bruce A.,
Schneider Uwe A.
Publication year - 2000
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/1058-7195.t01-1-00011
Subject(s) - greenhouse gas , perspective (graphical) , agriculture , natural resource economics , economics , agricultural economics , environmental science , geography , geology , mathematics , archaeology , oceanography , geometry
International agreements are likely to stimulate greenhouse gas mitigation efforts. Agriculture can participate either as a source of emission reductions or as a sink for gas emission storage. Emission trading markets are likely to emerge where agriculture could sell emission offsets. Several agricultural opportunities are available at a cost of $10–25 per ton carbon dioxide. Abatement costs for non‐agricultural industries have been estimated to be as much as $200–250 per ton carbon dioxide. In the longer run, agriculture's role may diminish because many agricultural strategies offer only one‐time gains and non‐agricultural emitters may lower costs through technical change.