Policy Options for Controlling Greenhouse Gas Emissions: Implications for Agruculture

نویسندگان

  • Gilbert E. Metcalf
  • John M. Reilly
چکیده

The pace of activity around climate change legislation picked up noticeably in 2007. The increased focus brought new legislative proposals to reduce greenhouse gas emissions (GHGs). These bills include cap-and-trade systems, and carbon taxes1 as well as energy bills that promote energy efficiency or renewables (Table 1). Many also include support for research and development for emission reducing alternatives. The cap-and-trade bills generally engage agriculture through a credit system. As such, agriculture is not capped, but individual land owners can make the case that they have reduced emissions or increased carbon uptake and thus get credits. Entities under the cap can apply these credits and that creates sales possibilities. The carbon tax bills generally defer decisions on how to include nonenergy emissions. For example the Larson bill, directs the Secretaries of Treasury and Energy to make recommendations within six months on non-carbon GHGs. We argue below that these activities can be brought into a carbon pricing system similarly to energy related emissions.

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تاریخ انتشار 2008