000199813 001__ 199813
000199813 005__ 20180123000124.0
000199813 037__ $$a1333-2016-103819
000199813 041__ $$aen_US
000199813 245__ $$aDual discounting in forest sector climate change mitigation
000199813 260__ $$c2012
000199813 269__ $$a2012
000199813 300__ $$a2
000199813 336__ $$aJournal Article
000199813 520__ $$aDiscussions regarding the efficiency of climate change mitigation efforts are predicated on
future costs and benefits and thus heavily influenced by discounting. One such regime, dual
discounting, involves discounting carbon values differently from non-carbon values; the
argument being that environmental values are becoming scarcer and thus should not be subject
to regular discounting. Previous stand-level analyses show that discounting carbon with a lower
rate than non-carbon values improves the profitability of forest-based climate change mitigation
projects such as afforestation. We challenge this result for cases where the forest has initial
carbon stock. Using the national forest inventories of Norway and a partial, spatial equilibrium
model of the Norwegian forest sector, we find that discounting carbon less than non-carbon
values increases harvest and consequently decreases carbon sequestration in the short term.
Lowering the carbon discount rate leads to more investments in forestry and thereby
substantially higher long-term climate change mitigation efforts.
000199813 542__ $$fLicense granted by Mallory Pagel (pagel107@umn.edu) on 2015-03-12T17:27:57Z (GMT):

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000199813 650__ $$aEnvironmental Economics and Policy
000199813 650__ $$aLand Economics/Use
000199813 6531_ $$aClimate policies
000199813 6531_ $$aboreal forests
000199813 6531_ $$aeconomics
000199813 6531_ $$apartial equilibrium
000199813 6531_ $$aforest sector modeling
000199813 6531_ $$adiscounting
000199813 700__ $$aSjølie, H.
000199813 700__ $$aLatta, G.
000199813 700__ $$aSolberg, B.
000199813 773__ $$o243$$q243
000199813 773__ $$tScandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics
000199813 773__ $$dMay 23-26, 2012$$j2012$$kNumber 44
000199813 8564_ $$s94433$$uhttp://ageconsearch.umn.edu/record/199813/files/Pages%20from%20Scandinavian_12-55.pdf
000199813 887__ $$ahttp://purl.umn.edu/199813
000199813 909CO $$ooai:ageconsearch.umn.edu:199813$$pGLOBAL_SET
000199813 912__ $$nSubmitted by Mallory Pagel (pagel107@umn.edu) on 2015-03-12T17:29:13Z
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  Previous issue date: 2012
000199813 982__ $$gScandinavian Society of Forest Economics>Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics>2012, Number 44, May 23-26, 2012, Hyytiälä, Finland
000199813 980__ $$a1333