TY - JOUR T1 - Ecosystem Services under Benefit and Cost Uncertainty: An Application to Soil Carbon Sequestration JF - Land Economics JO - Land Econ SP - 668 LP - 686 DO - 10.3368/le.86.4.668 VL - 86 IS - 4 AU - Sergey S. Rabotyagov Y1 - 2010/11/01 UR - http://le.uwpress.org/content/86/4/668.abstract N2 - Benefit and cost uncertainty in provisioning of ecosystem services are investigated in the context of soil carbon sequestration. Multiple parcel-level carbon sequestration options are considered. Uncertainty has been a widely stated reason for not including soil carbon sequestration in the portfolio of greenhouse gases reduction measures. Biophysical simulation models are used to generate a distribution of resulting environmental benefits. An econometric model of conservation practice adoption is used to generate a distribution of costs. The results provide a magnitude of uncertainty discount for soil carbon offsets and the budget margin of safety, and may assist in formulating carbon sequestration policy. (JEL D81, Q24) ER -