Campus Units
Economics, Center for Agricultural and Rural Development
Document Type
Article
Publication Version
Accepted Manuscript
Publication Date
2012
Journal or Book Title
Annual Review of Resource Economics
Volume
4
First Page or Article ID Number
145
Last Page
160
DOI
10.1146/annurev-resource-083110-120016
Abstract
Although climate change has largely been removed from the federal policy agenda of the United States in the near term, the continued reliance on fossil fuels as a dominant energy source leaves many analysts to conclude that climate policy will eventually reappear on that agenda. We present a review of recent research related to the design and implementation of one instrument for greenhouse gas (GHG) reduction: offsets. As these are implemented, policy makers must understand the way these programs work. In this review, we describe the basic features of carbon offset markets, along with the potential supply of offsets from agricultural sources and associated cost considerations. In this discussion we highlight the role of institutional design of contracts and transactions costs. We then turn to the benefits of including offsets in policies to reduce GHGs and complete the review with a discussion of the challenges in implementing the programs.
Copyright Owner
Annual Reviews
Copyright Date
2012
Language
en
File Format
application/pdf
Recommended Citation
Gonzalez-Remirez, Jimena; Kling, Catherine L.; and Valcu-Lisman, Adriana, "An Overview of Carbon Offsets from Agriculture" (2012). Economics Publications. 561.
https://lib.dr.iastate.edu/econ_las_pubs/561
Included in
Agricultural and Resource Economics Commons, Behavioral Economics Commons, Growth and Development Commons, Health Economics Commons, Political Economy Commons
Comments
This is a manuscript of an article from Annual Review of Resource Economics, 4(2012); 145-160. DOI: 10.1146/annurev-resource-083110-120016. Posted with permission.