Economics of additionality for environmental services from agriculture

Journal of Environmental Economics and Management

Volumn 66, Issue 1, 2013, Pages 105-122

  Horowitz, John K ^a   Just, Richard E ^b  

^a United States Department of the Treasury   (United States)

^b UNIVERSITY OF MARYLAND   (United States)

Author keywords

Additionality; Cap and trade; Environmental regulation; Offsets; Trading ratio

Indexed keywords

ADDITIONALITY; AGRICULTURAL SOURCES; CAP AND TRADE; ENVIRONMENTAL SERVICES; OFFSETS; OPTIMAL BASELINES; OPTIMAL COMBINATION; TRADING RATIO;

AGRICULTURE; ENVIRONMENTAL REGULATIONS; OPTIMIZATION;

COMMERCE;

AGRICULTURE; ENVIRONMENTAL ECONOMICS;

EID: 84880627242     PISSN: 00950696     EISSN: 10960449     Source Type: Journal    
DOI: 10.1016/j.jeem.2013.04.002     Document Type: Article

References (25)

1. Antle J., Capalbo S., Mooney S., Elliott E., Paustian K. Spatial heterogeneity, contract design, and the efficiency of carbon sequestration policies for agriculture 1. Journal of Environmental Economics and Management 2003, 46(2):231-250.
2. Bento, A., Kanbur, R., Leard, B. (2011). Designing Efficient Markets for Carbon Offsets with Distributional Constraints. Paper Presented at The Role of Carbon Offsets in Climate Policy: Theory and Practice, Cornell University, May 13-15.
3. Branosky E., Jones C., Selman M. Comparison tables of state nutrient trading programs in the Chesapeake Bay Watershed. World Resources Institute Fact Sheet 2011.
4. Bushnell, J. B. (forthcoming). The economics of carbon offsets. The Design and Implementation of U.S. Climate Policy, D. Fullerton and C. Wolfram, Eds., Chicago: University of Chicago Press.
5. Ghosh, G., Ribaudo, M., Shortle, J. (2009). Do Baseline Requirements Hinder Trades in Water Quality Trading Programs? RWTH-Aachen University Working Paper.
6. Harberger A.C. Three basic postulates of applied welfare economics: an interpretive essay. Journal of Economic Literature 1971, 9(3):785-797.
7. Hennessy D.A., Feng H. When should uncertain nonpoint emissions be penalized in a trading program?. American Journal of Agricultural Economics 2008, 90(1):249-255.
8. Horan R.D. Differences in social and public risk perceptions and conflicting impacts on point/nonpoint trading ratios. American Journal of Agricultural Economics 2001, 83(4):934-941.
9. Horan R.D., Shortle J.S. When two wrongs make a right: second-best point-nonpoint trading ratios. American Joural of Agricultural Economics 2005, 87(2):340-352.
10. Horowitz, J. (2012) Greenhouse gas offsets for nitrous oxide emissions from fertilizer on wheat: baseline rules and additionality. Unpublished Working Paper. Economic Research Service, United States Department of Agriculture.
11. International Finance Corporation Climate Business Group. 2011. GHG Accounting Guidance Note.
12. Just R.E., Hueth D.L., Schmitz A. The Welfare Economics of Public Policy: A Practical Approach to Project and Policy Evaluation 2004, Edward Elgar, Northampton, MA.
13. Malik A.S., Letson D., Crutchfield S.R. Point/nonpoint source trading of pollution abatement: choosing the right trading ratio. American Journal of Agricultural Economics 1993, 75(4):959-967.
14. Mason, C. F., Plantinga, A. J. (2011). The Additionality Problem With Offsets: Optimal Contracts for Carbon Sequestration in Forests, Working paper.
15. Maryland Department of Agriculture (2008). Maryland's Policy for Nutrient Cap Management and Trading in Maryland's Chesapeake Bay Watershed.
16. 2O) mitigation in intensive corn (Maize) production: an emissions reduction protocol for US Midwest agriculture. Mitigation and Adaptation Strategies for Global Change 2010, 15(2):185-204.
17. Montero J.P. Voluntary compliance with market based environmental policy: evidence from the US Acid Rain Program. Journal of Political Economy 1999, 107(5):998-1033.
18. Montero J.P. Optimal design of a phase-in emissions trading program. Journal of Public Economics 2000, 75:273-291.
19. Murray B., Sohngen B., Ross M. Economic consequences of consideration of permanences, leakage and additionality for soil carbon sequestration projects. Climatic Change 2007, 80:127-143.
20. Olander L.T., Profeta T., Murray B., Galik C., Dawson M. Designing Offsets Policy for the U.S. 2008, Nicholas School Institute for the Environment, Duke University, Durham NC.
21. Rosas, F., Babcock, B., Hayes, D. (2011). A Nonlinear Offset Program to Reduce Nitrous Oxide Emissions Induced by Excessive Nitrogen Application, CARD Working Paper 11-WP 521.
22. Three-Regions Offsets Working Group. 2010. Ensuring Offset Quality: Design and Implementation Criteria for a High-Quality Offset Program.
23. van Benthem, A., Kerr, S. (2011). Optimizing Voluntary Deforestation Policy in the Face of Adverse Selection and Costly Transfers, Motu Economic & Public Policy Research Working Paper.
24. Weitzman M.L. Prices vs. quantities. Review of Economic Studies 1974, 41(4):477-491.
25. West Virginia Department of Environmental Protection (2009). West Virginia Potomac River Basin Water Quality Nutrient Trading Program, Appendix A.