Payment for CO2 sequestration affects the Faustmann rotation period in Norway more than albedo payment does

Per Kristian Rørstad

Ecological Economics, 2022, vol. 199, issue C

Abstract: Albedo and CO2 sequestration are the two most important climate forcing factors in forestry. After harvest the albedo in boreal forests increases which has a cooling effect. Likewise, CO2 captured in the photosynthesis reduce atmospheric CO2 and thereby have a cooling effect. These effects have value to society, and they may affect optimal management.

Keywords: Policy instruments; Climate policy; Economic optimization; Bio-economic model (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:199:y:2022:i:c:s0921800922001549

DOI: 10.1016/j.ecolecon.2022.107492

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