Assessing Forestry's Carbon Sink Potential in Bulgaria: A Comparative Study under Different Carbon Pricing Scenarios

Lora Stoeva, Gabriella Szajko and Viktor Racz

Economic Studies journal, 2026, issue 1, 152-168

Abstract: The land sector plays a crucial role in achieving a climate-neutral economy. Various carbon farming initiatives are under development to incentivise the adoption of climate-friendly practices in forest management. The current study aims to quantify the economic benefits of the carbon sequestration of the forestry sector in Bulgaria, considering the carbon pricing development. The authors adapt a previously developed computable bio-economic model (FOX) to the Bulgarian context. Forest carbon sinking of the Bulgarian forestry sector is optimised with and without carbon pricing. We quantify the economic characteristics of the carbon sequestration supply curve within the forestry sector and estimate the additional potential for carbon sequestration in Bulgaria's forestry sector based on different carbon price signals.

JEL-codes: C61 Q23 Q54 Q57 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2026:i:1:p:152-168

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