Solar premium for farmland is 1.4 percent per mile, says analysis - Food & Environment Reporting Network
Solar premium for farmland is 1.4 percent per mile, says analysis | Food and Environment Reporting Network
A comparison of farmland sales in Indiana indicates that land rises in value by 1.4 percent for each mile it is closer to a commercial-scale solar energy facility, said a graduate research assistant at Purdue University. The analysis gave weight to a rising belief that energy production was becoming a factor in land prices. “Rising… » Read More
A comparison of farmland sales in Indiana indicates that land rises in value by 1.4 percent for each mile it is closer to a commercial-scale solar energy facility, said a graduate research assistant at Purdue University. The analysis gave weight to a rising belief that energy production was becoming a factor in land prices. “Rising…
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”