Atmospheric carbonization through private forestry

Marty Rowland

American Journal of Economics and Sociology, 2025, vol. 84, issue 1, 89-102

Abstract: Sequestration of carbon in forests is one method of reducing the accumulation of CO2 in the atmosphere in order to delay climate change. But the ability of forests to perform this valuable ecological service may be hampered, particularly when private forestry dominates public policy. This article identifies several examples of lost opportunities for global society to benefit from carbon sequestration because markets for carbon credits are primarily designed to enable corporations to benefit from carbon capture schemes that are seldom adequately monitored. The recommended policy change is the ownership and management of all forests as common property, if not by legal title, then by collection of a tax on economic rent that could provide revenue to fund collective benefits.

Date: 2025
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https://doi.org/10.1111/ajes.12571

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:84:y:2025:i:1:p:89-102

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