Journal article

Designer policy for carbon and biodiversity co-benefits under global change

Brett A Bryan, Rebecca K Runting, Tim Capon, Michael P Perring, Shaun C Cunningham, Marit E Kragt, Martin Nolan, Elizabeth A Law, Anna R Renwick, Sue Eber, Rochelle Christian, Kerrie A Wilson

NATURE CLIMATE CHANGE | NATURE PUBLISHING GROUP | Published : 2016

Abstract

Carbon payments can help mitigate both climate change and biodiversity decline through the reforestation of agricultural land. However, to achieve biodiversity co-benefits, carbon payments often require support from other policy mechanisms such as regulation, targeting, and complementary incentives. We evaluated 14 policy mechanisms for supplying carbon and biodiversity co-benefits through reforestation of carbon plantings (CP) and environmental plantings (EP) in Australia's 85.3 Mha agricultural land under global change. The reference policy - uniform payments (bidders are paid the same price) with land-use competition (both CP and EP eligible for payments), targeting carbon - achieved sign..

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Funding Acknowledgements

The authors are grateful to the Australian Research Council Centre of Excellence for Environmental Decisions and the National Environmental Research Program for funding two national workshops in which much of this paper was conceived. We are also grateful for the support of our individual organizations, especially CSIRO Agriculture and Australian National Outlook initiative.