The influence of crediting and permanence periods on Australian forest-based carbon offset supply
Courtney M. Regan,
Jeffery D. Connor,
David M. Summers,
O’Connor, Patrick J. and
Timothy R. Cavagnaro
Land Use Policy, 2020, vol. 97, issue C
Governments globally are developing increasingly ambitious carbon emissions reduction schemes that include significant emissions offset credits for forest-based carbon sequestration. Such strategies can present significant challenges in highly modified and intensively farmed regions where forest land use opportunity and establishment costs are high. This article evaluates the economics of land-use change via active afforestation for local carbon abatement in the Australian state of South Australia, a region with high supply costs representative of long-established temperate farming regions. We found that there is no economically viable abatement below $38 tCO2e−1, however up to 154 Mt CO2e of abatement could be available up to prices of $50 tCO2e−1.
Keywords: Carbon neutral; Emissions reduction fund (ERF); Climate change mitigation; Land use change; Agriculture; Australia (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:97:y:2020:i:c:s0264837719316680
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