So we'll say 4 tons per acre.
The social cost of carbon is a measure of the economic harm from those impacts, expressed as the dollar value of the total damages from emitting one ton of carbon dioxide into the atmosphere. The current central estimate of the social cost of carbon is roughly $40 per ton.so that is 5 acres x 4 x $40 (saved in cost) = $800
The "market" price for carbon credits is notoriously corrupt. So I'm gonna use an externality cost method of value (i.e. what is the OPPORTUNITY COST of losing the trees).
A third of my undergraduate degree courses were in economics (agriculture economics; environmental economics; micro and macro economics; political economics, etc.)....
Carbon credit costs soar as EU toughens stance on environmentThe current central estimate of the social cost of carbon is over $50 per ton in today's dollars. While this is the most robust and credible figure available, it does...
hit a record €29.27 this week, double the level of January last year.
“Carbon is the cornerstone policy for the fight against climate change in the EU,” said Lawson Steele, senior utility analyst at Berenberg Bank. The price of carbon could top €45 by the end of the year and hit €65 in 2020, he added.
Mr Perry said a farmer would probably be able to capture 2 to 3 tonnes of carbon dioxide per acre a year, meaning additional revenue of $30 to $60 per acre annually.
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