Abstract: Land-use change, mainly the conversion of tropical forests to agricultural land, is a massive source of carbon emissions and contributes substantially to global warming(1-3). Therefore, mechanisms that aim to reduce carbon emissions from deforestation are widely discussed, A central challenge is the avoidance of international carbon leakage if forest conservation is not implemented globally’’, Here, We show that forest conservation schemes, even if implemented globally, could lead to another type of carbon leakage by driving cropland expansion in non-forested areas that are not subject to forest conservation schemes (non-forest leakage). These areas have a smaller. but still considerable potential to store carbon(5,6). We show that a global forest policy could reduce carbon emissions by 77 Gt CO2, but would still allow for decreases in carbon stocks of non-forest land by 96 Gt CO2, until 2100 due to non-forest leakage effects. Furthermore; abandonment of agricultural hand and associated carbon uptake through vegetation regrowth is hampered. Effective mitigation measures thus require financing structures and conservation investments that cover the full range of carbon-rich ecosystems. However, our analysis indicates that greater agricultural productivity increases would be needed to compensate for such restrictions on agricultural expansion.

Abstract: The imposition of a carbon tax in the economy will have indirect impacts on dairy farmers in Australia. Although there is a great deal of information available regarding mitigation strategies both in Australia and internationally, there seems to be a lack of research investigating the variable prices of carbon-based emissions on dairy farm operating profits in Australia. In this study, a stochastic analysis comparing the uncertainty in income in response to different prices on carbon-based emissions was conducted. The impact of variability in pasture consumption and variable prices of concentrates and hay on farm profitability was also investigated. The two different feeding systems examined were a ryegrass pasture-based system (RM) and a complementary forage-based system (CF). Imposing a carbon price ($20-$60) and not changing the systems reduced the farm operating profits by 28.4% and 25.6% in the RM and CF systems, respectively compared to a scenario where no carbon price was imposed. Different farming businesses will respond to variability in the rapidly changing operating environment such as fluctuations in pasture availability, price of purchased feeds and price of milk or carbon emissions differently. Further, in case there is a carbon price imposed for GHG emissions emanated from dairy farming systems, changing from pasture-based to more complex feeding systems incorporating home-grown double crops may reduce the reductions in farm operating profits. There is opportunity for future studies to focus on the impacts of different mitigation strategies and policy applications on farm operating profits. (C) 2015 Elsevier Ltd. All rights reserved.

Abstract: The empirical evidence of decline in ecosystem services (ES) over the last century has reinforced the call for ES quantification, monitoring and valuation. Usually, only provisioning ES are marketable and accounted for, whereas regulating, supporting and cultural ES are typically non-marketable and overlooked in connection with land-use or management decisions. The objective of this study was to quantify and value total ES (marketable and non-marketable) of diverse production systems and management intensities in Denmark to provide a basis for decisions based on economic values. The production systems were conventional wheat (Cwheat), a combined food and energy (CFE) production system and beech forest. Marketable (provisioning ES) and non-marketable ES (supporting, regulating and cultural) ES were quantified by dedicated on-site field measurements supplemented by literature data. The value of total ES was highest in CFE (US$ 3142 ha(-1) yr(-1)) followed by Cwheat (US$ 2767 ha (1) yr(-1)) and beech forest (US$ 2328 ha(-1) yr(-1)). As the production system shifted from Cwheat – CFE-beech, the marketable ES share decreased from 88% to 75% in CFE and 55% in beech whereas the non-marketable ES share increased to 12%, 25% and 45% of total ES in Cwheat, CFE and beech respectively, demonstrating production system and management effects on ES values. Total ES valuation, disintegrated into marketable and non-marketable share is a potential way forward to value ES and `tune’ our production systems for enhanced ES provision. Such monetary valuation can be used by policy makers and land managers as a tool to assess ES value and monitor the sustained flow of ES. The application of ES-based valuation for land management can enhance ES provision for maintaining the productive capacity of the land without depending on the external fossil-based fertilizer and chemical input. (C) 2013 Elsevier Ltd. All rights reserved.