Natural carbon capture and storage (NCCS): forests, land use and carbon accounting

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14 Citations (Scopus)

Abstract

The use of forests as natural carbon capture and storage sinks is considered by introducing carbon sequestration benefits' accounting in a multi-vintage partial equilibrium land-use model, under different carbon price scenarios. The consequences to timber and land markets and to the profile of the carbon sequestration time path are examined in the short-run, long-run, and transition. Following IPCC, three carbon accounting methods are considered: the carbon flow, the ton-year crediting and the average storage. 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.

Original languageEnglish
Pages (from-to)148-170
Number of pages23
JournalResource and Energy Economics
Volume35
Issue number2
DOIs
Publication statusPublished - 1 May 2013

Keywords

  • Carbon accounting
  • Carbon sequestration
  • Forest vintages
  • Land allocation between alternative uses
  • Land allocation model
  • Optimal rotation
  • Transition/steady-state

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