Environment Quick News   
A Monthly Report on EPRI's Environmental Research Programs June 2010
GLOBAL CLIMATE CHANGE
Program 102: Global Climate Policy Costs and Benefits

Could U.S. Greenhouse Gas Policy Benefit U.S. Agriculture?
Baker, J.S., et al. "Net Farm Income and Land Use under a U.S. Greenhouse Gas Cap and Trade," Policy Issues, 2010, P17:1–5.  Co-authored by EPRI’s Steven Rose, this paper estimates the implications of a potential U.S. greenhouse gas cap-and-trade policy on the U.S. agricultural sector.  The analysis suggests that the agricultural sector would benefit on net from such a policy.  Despite higher production input costs, producers would benefit from higher commodity prices and additional revenues from offsets and increased demand for bioenergy feedstocks.  For more information, contact Steven Rose, (202) 293-6183, srose@epri.com.