Agricultural Economics Department
Date of this Version
9-2021
Abstract
1) Introduction: a) Climate Change • b) Soil Sequestration and the Carbon Cycle • c) Increasing Soil Carbon Sequestration with Economics • d) Guiding Research Questions • e) Goals of this Report
2) What are agricultural carbon offset payment programs?
3) Are agricultural carbon markets effective?: • a) Voluntary vs Regulatory • b) Regional vs Global • c) Effectiveness of Agricultural Carbon Markets
4) Other Methods of Reducing Emissions: a) Carbon Tax • b) Cap and Trade • c) Summary
5) History of Programs That Provide Carbon Offset Payments to Farmers: a) The Chicago Climate Exchange • b) The Kyoto Protocol’s Clean Development Mechanism • c) The European Union’s Emissions Trading System • d) Summary
6) Status of Current Programs and Proposals for Carbon Offset Payments to Farmers: a) Nori • b) Indigo Ag • c) Truterra
7) Challenges Facing Modern Markets: a) Supply and Demand • b) Verification • c) Data Utilization • d) Longevity of Offsets
8) Review of Literature Describing and Evaluating Voluntary Agricultural Carbon Markets: a) Popular Literature • i) Common Themes • ii) Topic Portrayal • b) Scientific Literature • i) Answered Questions • ii) Gaps in the Literature • c) Conclusion
9) References