2016
DOI: 10.1016/j.ecolecon.2016.02.018
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Public willingness to pay for carbon farming and its co-benefits

Abstract: We estimate public willingness to pay (WTP) for the benefits of carbon farming. Results show that Australians have a positive WTP for increasing native vegetation on farmland. Australians have a positive, but low, WTP for carbon storage in agricultural soils or vegetation. Reducing soil erosion (an intangible co-benefit of carbon farming) was not significant in respondents' preferences. We discuss the implications of our value estimates for climate change mitigation policies.

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Cited by 41 publications
(32 citation statements)
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“…In the course of agricultural emissions reduction, the three major mechanisms of incentive, tax, and compensation should be combined together to influence the agricultural production decision [5,18,23,37,38]. We establish the ecological compensation mechanism of agricultural carbon sinks based on the following aspects: the main body of compensation, the compensation principle, the compensation method, and the compensation standard, which is based on the ecological function of carbon sinks in agriculture.…”
Section: Discussionmentioning
confidence: 99%
“…In the course of agricultural emissions reduction, the three major mechanisms of incentive, tax, and compensation should be combined together to influence the agricultural production decision [5,18,23,37,38]. We establish the ecological compensation mechanism of agricultural carbon sinks based on the following aspects: the main body of compensation, the compensation principle, the compensation method, and the compensation standard, which is based on the ecological function of carbon sinks in agriculture.…”
Section: Discussionmentioning
confidence: 99%
“…The simulation results suggest that future cabbage demand can be met even when 90% of all cabbage fields adopt low-carbon farming practices. However, a disadvantage is that low-carbon farming practices may lead to a loss in profit due to a decrease in crop yield [28].…”
Section: Discussionmentioning
confidence: 99%
“…Moreover, crushing and adding carbon-binding and fertilizing silicate minerals (enhanced rock weathering) to arable land creates carbon sinks and may improve food security (Beerling, 2017). Furthermore, a choice experiment in Australia shows larger willingness to pay for carbon-sequestrating farming when associated with co-benefits in terms of increased area of native vegetation, but shows no support for practices that reduce soil erosion, which is less well-known (Kragt, Gibson, Maseyk, & Wilson, 2016).…”
Section: Improved Soil and Water Qualitymentioning
confidence: 99%