Market impact of domestic offset programs
By: Tristan Brown ... [et al.]
Contributors: Iowa State University. Center for Agricultural and Rural Development
Series: Working paper -- 10-WP 502; Working paper (Iowa State University. Center for Agricultural and Rural Development) -- 10-WP 502.
Publisher: Center for Agricultural and Rural Development, Iowa State University
Published: 2010
Place of publication: Ames, Iowa
Language: eng
Number of pages: 59
Subjects: Crops; Prices; Carbon sequestration; Afforestation
Description: Three recent reports have estimated the market impacts of domestic offset programs, including afforestation, contained in the American Clean Energy and Security Act (ACES). The magnitude of these estimated impacts motivates this study. We show that with carbon prices as low as $30 per metric ton, a significant number of U.S. crop acres would be used to grow trees and this would cause price increases for some U.S. commodities. Although we present only one carbon price scenario, the modeling approach that we use suggests that the acreage and price impacts we describe here would increase at higher carbon prices.
Notes: "January 2010."

Author-supplied keywords: afforestation, agricultural sector, commodity prices, land-use change.

Contains bibliographic references (p. 21-23). 17

Also available on the Internet.