The Role of Forests as Carbon Sinks: Land-Use and Carbon Accounting

The use of forests as carbon sinks is examined by introducing carbon sequestration benefits’ accounting in a multi-vintage land allocation model. Following the IPCC, three carbon accounting methods are considered. We compare the results in each case with those without carbon sequestration, as well as the performances of the ton-year and the average methods (second-best) to the carbon flow (first-best) concerning optimal land allocation between forestry and alternative uses, total carbon sequestered, timber production and social welfare. A full proof of long-run optimality of steady state forest is provided. Numerical simulations are performed and results discussed illustrating the setup’s potential.


Issue Date:
2009-10
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/54169
Total Pages:
71
JEL Codes:
Q15; Q23
Series Statement:
SD
61.2009




 Record created 2017-04-01, last modified 2017-12-13

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)