 A global analysis of the break-even prices to reduce atmospheric carbon dioxide via forest plantation and avoided deforestationLong Chu, R. Quentin Grafton and Hai Nguyen Forest Policy and Economics, 2022, vol. 135, issue C Abstract: A cross-country assessment of the cost of carbon sequestration in the forest sector is needed for planning and achieving climate commitments, such as the Paris Agreement, at global, regional, national, or sectoral scales. We provide a global and bottom-up assessment of the break-even carbon price to undertake forest plantation and forest conservation at a country level for 166 nations. We construct a global dataset of key cost factors, examine their global distributions, and undertake a cross-country assessment of cost differences with alternative forest programs (plantation and conservation). Our bottom-up approach is also calibrated to sub-national case studies to investigate the average cost of forest carbon in Australian states and Canadian provinces. We find that the break-even carbon price varies by countries, locations within a country, forest programs and co-benefits. Our estimates provide an approximation of the cost-effectiveness of forest carbon sequestration relative to non-forest climate mitigation approaches. Keywords: Climate change; Forest co-benefits; Governance; Land-use cost; Payment for environmental services; Mitigation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:135:y:2022:i:c:s1389934121002720 DOI: 10.1016/j.forpol.2021.102666 Access Statistics for this article Forest Policy and Economics is currently edited by M. Krott More articles in Forest Policy and Economics from Elsevier |
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