Evaluating the Effectiveness of Economic Incentives to Enhance Riparian Buffer Adoption and Environmental Benefits for Water Quality and Carbon Sequestration in Maryland
Evaluating the Effectiveness of Economic Incentives to Enhance Riparian Buffer Adoption and Environmental Benefits for Water Quality and Carbon Sequestration in Maryland
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2024-10
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Abstract
This report assesses the effectiveness of economic incentives in encouraging Maryland farmers to adopt riparian buffers for improved water quality and carbon sequestration. Using a statewide landowner survey and integrated environmental-economic modeling, the study evaluates program design features such as payment type, contract length, and targeting. Results show that upfront payments increase participation, targeted bonuses improve cost-effectiveness, and carbon offset payments offer limited added benefit. Policy recommendations focus on enhancing program efficiency through strategic incentive design.