Under Kyoto, forestry activities that sequester carbon can be used to create CO2 offset credits that could obviate the need for lifestyle-changing reductions in fossil fuel use. Credits are earned by storing carbon in forest ecosystems and wood products, although CO2 emissions are also mitigated...

We examine the extent to which economic development reduces both a country's disaster risk and its social vulnerability to climate-related disasters. Global climate change is expected to increase the frequency and intensity of extreme weather events, such as droughts, floods, and various types...

2010 AAEA Presidential Address; forthcoming in January 2011 AJAE in shortened version.

This paper examines and predicts the effects of climate change and climate extremes on China’s land use conversion and soil carbon sequestration under two alternative climate change scenarios. It intends to investigate the following three questions. 1) How did climate factors affect land-use...

We conduct an econometric analysis of the factors influencing U.S. crop yields and acres using U.S. county level data from 1977 to 2007 and evaluate the likely effects of future climate change on U.S. crop yields based on the projected climate changes by IPCC (2001) and our estimated parameters.

Greenhouse gas (GHG) emissions and their negative effect on the environment is a growing concern in the world. It is estimated that agriculture is responsible for 7% of the total GHG emissions in the United States. Currently, environmental policies to regulate GHG are in place in different...

This paper employs the production function-based method proposed by Just and Pope (1978, 1979) to explicitly analyze production risk in the context of Chinese grain farming and climate change, and test for a potential endogeneity of climate factors in Chinese grain production. Our results...

Reduction of carbon emissions from deforestation and forest degradation (REDD) has been identified as a cost effective element of the post-Kyoto strategy to achieve long-term climate objectives. The success of REDD depends primarily on the design and implementation of a financial mechanism that...

This paper explores the concept of agricultural resilience in the context of climate change related water scarcity. Specifically, the impact of water scarcity on agricultural production is analyzed to derive the timing of exit decisions for farmers faced with the prospect of declining...

This study seeks assess how the uncertainties associated with the un- derlying biophysical processes in uence the optimal prole of land use over the next century, in light of potential irreversibility in these deci- sions. Our analysis is based on a dynamic stochastic model of global land use,...