Marginal Abatement Cost Curves for UK Agricultural Greenhouse Gas Emissions
Dominic Moran, Michael MacLeod, E. Wall, Vera Eory, Alistair McVittie, Andrew Barnes, Robert M. Rees, K. Topp, Andrew Moxey
Abstract
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Dominic Moran, Michael MacLeod, E. Wall, Vera Eory, Alistair McVittie, Andrew Barnes, Robert M. Rees, K. Topp, Andrew Moxey
Abstract
Open-access reader
Abstract This article addresses the challenge of developing a ‘bottom‐up’ marginal abatement cost curve (MACC) for greenhouse gas (GHG) emissions from UK agriculture. An MACC illustrates the costs of specific crop, soil and livestock abatement measures against a ‘business as usual’ scenario. The results indicate that in 2022 under a specific policy scenario, around 5.38 Mt CO2 equivalent (e) could be abated at negative or zero cost. A further 17% of agricultural GHG emissions (7.85 Mt CO2e) could be abated at a lower unit cost than the UK Government’s 2022 shadow price of carbon [£34 (tCO2e)−1]. The article discusses a range of methodological hurdles that complicate cost‐effectiveness appraisal of abatement in agriculture relative to other sectors.
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Abstract This article addresses the challenge of developing a ‘bottom‐up’ marginal abatement cost curve (MACC) for greenhouse gas (GHG) emissions from UK agriculture. An MACC illustrates the costs of specific crop, soil and livestock abatement measures against a ‘business as usual’ scenario. The results indicate that in 2022 under a specific policy scenario, around 5.38 Mt CO2 equivalent (e) could be abated at negative or zero cost. A further 17% of agricultural GHG emissions (7.85 Mt CO2e) could be abated at a lower unit cost than the UK Government’s 2022 shadow price of carbon [£34 (tCO2e)−1]. The article discusses a range of methodological hurdles that complicate cost‐effectiveness appraisal of abatement in agriculture relative to other sectors.
Key concepts: Marginal abatement cost, Greenhouse gas, Agriculture, Shadow price, Marginal cost, Natural resource economics, Economics, Environmental science