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SEMINAR: Public preferences for carbon farming co-benefits

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Today's date is Thursday, February 25, 2021
Public preferences for carbon farming co-benefits : Assistant Professor Marit Kragt, Centre for Environmental Economics and Policy Other events...
The Australian Government still has initiatives to encourage climate change abatement practices by farmers. Under the Direct Action Plan, farmers can gain carbon credits for sequestering carbon in soils or vegetation, or for reducing emissions. Next to mitigation, these 'carbon farming' activities often generate co-benefits such as biodiversity or erosion prevention. In this seminar, I present the results of an Australia-wide choice experiment study, conducted to estimate community values for carbon farming projects. Carbon farming was described in terms of carbon sequestration and the ancillary effects on soil erosion and area of native vegetation on farmland. Analyses revealed that values for carbon farming benefits depend on respondentís perceptions of climate change. While respondents are generally willing to pay for reducing Australiaís greenhouse gas emissions, people who do not believe that climate change is happening do not have a significant WTP for emissions reduction. All respondents were found to have a positive willingness to pay for increasing the area of native vegetation on farmland, and for reducing soil erosion. These preferences demonstrate that the community benefits from carbon farming are larger than just their effects on climate change mitigation. Future policies should take these positive values for ancillary effects into account.
Speaker(s) Assistant Professor Marit Kragt, Centre for Environmental Economics and Policy
Location Agriculture Lecture Theatre
Contact Fiona Gibson <[email protected]>
URL https://www.are.uwa.edu.au/research/seminars
Start Fri, 30 May 2014 11:00
End Fri, 30 May 2014 11:45
Submitted by Fiona Gibson <[email protected]>
Last Updated Tue, 27 May 2014 13:49
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