Epsilon Archive for Student Projects

Abstract

This thesis investigates the economic impacts of carbon farming (CF) practices at the farm level through a systematic literature mapping of developed countries. CF practices offer promising pathways for agricultural mitigation, though past literature has highlighted trade-offs that hinder their adoption. However, recent studies suggest these trade-offs are not universal. Our research synthesises empirical findings, revealing that CF profitability varies based on specific determinants. Adverse economic outcomes can be mitigated when CF practices improve efficiency, even long-term, or create beneficial synergies. In cases where profitability is limited, policies like ecosystem service payments or developing high-value certification schemes may offset losses. The study also identifies gaps in the literature, particularly in causal investigations, peatland management, economic risk assessment, and the impact of climate change on CF practices. Our results emphasise the need for targeted policy interventions to enhance farmer knowledge and support environmentally valuable but less profitable CF practices.