Natural carbon capture and storage (NCCS): Forests, land use and carbon accounting

Maria A. Cunha-e-Sá, Renato Rosa and Clara Costa-Duarte

Resource and Energy Economics, 2013, vol. 35, issue 2, 148-170

Abstract: The use of forests as natural carbon capture and storage sinks is considered by introducing carbon sequestration benefits’ accounting in a multi-vintage partial equilibrium land-use model, under different carbon price scenarios. The consequences to timber and land markets and to the profile of the carbon sequestration time path are examined in the short-run, long-run, and transition. Following IPCC, three carbon accounting methods are considered: the carbon flow, the ton-year crediting and the average storage. A full proof of long-run optimality of steady-state forest is provided. Numerical simulations are performed and results discussed illustrating the setup's potential.

Keywords: Land allocation model; Forest vintages; Carbon sequestration; Carbon accounting; Optimal rotation; Land allocation between alternative uses; Transition/steady-state (search for similar items in EconPapers)
JEL-codes: Q15 Q23 Q54 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:resene:v:35:y:2013:i:2:p:148-170

DOI: 10.1016/j.reseneeco.2012.12.003

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