Implications of Carbon Sequestration for Landowners
T. Butt, Bruce A. McCarl, Butt, Tanveer, McCarl, Bruce
Abstract
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T. Butt, Bruce A. McCarl, Butt, Tanveer, McCarl, Bruce
Abstract
Open-access reader
Carbon sequestration on agricultural lands might become an important instrument of the U.S. policy for reduction of atmospheric carbon, which is believed to be a major contributing factor to recent climatic change, Herein, we examine the near term income enhancing prospects of carbon sequestration for landowners. Based on a review of current U.S. policies, sequestration cost, and recent developments in the carbon market, we show that presently the prospects may be limited.
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Carbon sequestration on agricultural lands might become an important instrument of the U.S. policy for reduction of atmospheric carbon, which is believed to be a major contributing factor to recent climatic change, Herein, we examine the near term income enhancing prospects of carbon sequestration for landowners. Based on a review of current U.S. policies, sequestration cost, and recent developments in the carbon market, we show that presently the prospects may be limited.
Key concepts: Carbon sequestration, Natural resource economics, Carbon market, Carbon fibers, Atmospheric carbon cycle, Agriculture, Climate change, Economics