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Climate Change and the Cost of Carbon Sequestration: The Case of Forest Management

The Kyoto protocol allows Annex I countries to deduct carbon sequestered by land use, land-use change and forestry from their national carbon emissions. Thornley and Cannell (2000) demonstrated that the objectives of maximizing timber and carbon sequestration are not complementary. Based on this finding, this paper determines the optimal selective management regime taking into account the underlying biophysical and economic processes. The results show that the net benefits of carbon storage only compensate the decrease in net benefits of timber production once the carbon price has exceeded a certain threshold value. The sequestration costs are significantly lower than previous estimates

© Barcelona GSE Working Papers Series, 2008, núm. 329

Barcelona Graduate School of Economics

Author: Goetz, Renan-Ulrich
Hritonenko, Natali
Mur Torrentó, Rubén Javier
Xabadia i Palmada, Àngels
Yatsenko, Yuri
Date: 2008
Abstract: The Kyoto protocol allows Annex I countries to deduct carbon sequestered by land use, land-use change and forestry from their national carbon emissions. Thornley and Cannell (2000) demonstrated that the objectives of maximizing timber and carbon sequestration are not complementary. Based on this finding, this paper determines the optimal selective management regime taking into account the underlying biophysical and economic processes. The results show that the net benefits of carbon storage only compensate the decrease in net benefits of timber production once the carbon price has exceeded a certain threshold value. The sequestration costs are significantly lower than previous estimates
Format: application/pdf
Document access: http://hdl.handle.net/10256/9399
Language: eng
Publisher: Barcelona Graduate School of Economics
Collection: Reproducció digital del document publicat a: http://research.barcelonagse.eu/tmp/working_papers/329.pdf
Articles publicats (D-EC)
Is part of: © Barcelona GSE Working Papers Series, 2008, núm. 329
Rights: Tots els drets reservats
Subject: United Nations Framework Convention on Climate Change (1992)
Boscos -- Gestió
Forest management
Desboscament
Deforestation
Title: Climate Change and the Cost of Carbon Sequestration: The Case of Forest Management
Type: info:eu-repo/semantics/article
Repository: DUGiDocs

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