Costs of transitioning to net-zero emissions under future climates

Author:

Bilotto Franco1ORCID,Christie-Whitehead Karen2ORCID,Malcolm Bill3,Barnes Nicoli2,Cullen Brendan4,Ayre Margaret4,Harrison Matthew2ORCID

Affiliation:

1. Tasmanian Institute of Agriculture, University of Tasmania

2. University of Tasmania

3. Faculty of Veterinary and Agricultural Sciences, The University of Melbourne

4. The University of Melbourne

Abstract

Abstract Land managers are challenged with balancing priorities for agri-food production, greenhouse gas (GHG) abatement, natural conservation, social and economic license to operate. We co-designed pathways for transitioning farming systems to net-zero emissions under future climates. Few interventions enhanced productivity and profitability while also reducing GHG emissions. Seaweed (Asparagopsis) feed supplement and planting trees enabled the greatest mitigation (67–95%), while enterprise diversification (installation of wind turbines) and improved feed-conversion efficiency (FCE) were most conducive to improved profitability (17–39%). Mitigation efficacy was hampered by adoptability. Serendiptiously, the least socially acceptable option – business as usual and purchasing carbon credits to offset emissions – were also the most costly options. In contrast, stacking synergistic interventions enabling enteric methane mitigation, improved FCE and carbon removals entirely negated net emissions in a profitable way. We conclude that costs of transitioning to net-zero vary widely (-64% to + 30%), depending on whether interventions are stacked and/or elicit productivity co-benefits.

Publisher

Research Square Platform LLC

Reference71 articles.

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