U.S. Agriculture's Role in a Greenhouse Gas Emission Mitigation World: An Economic Perspective
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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.
author list (cited authors)
McCarl, B. A., & Schneider, U. A.