The economic costs of planting, preserving, and managing the world’s forests to mitigate climate change

K. G. Austin (), J. S. Baker, Brent Sohngen, C. M. Wade, A. Daigneault, S. B. Ohrel, S. Ragnauth and A. Bean
Additional contact information
K. G. Austin: RTI International
J. S. Baker: RTI International
C. M. Wade: RTI International
A. Daigneault: University of Maine
S. B. Ohrel: US EPA
S. Ragnauth: US EPA
A. Bean: RTI International

Nature Communications, 2020, vol. 11, issue 1, 1-9

Abstract: Abstract Forests are critical for stabilizing our climate, but costs of mitigation over space, time, and stakeholder group remain uncertain. Using the Global Timber Model, we project mitigation potential and costs for four abatement activities across 16 regions for carbon price scenarios of $5–$100/tCO2. We project 0.6–6.0 GtCO2 yr−1 in global mitigation by 2055 at costs of 2–393 billion USD yr−1, with avoided tropical deforestation comprising 30–54% of total mitigation. Higher prices incentivize larger mitigation proportions via rotation and forest management activities in temperate and boreal biomes. Forest area increases 415–875 Mha relative to the baseline by 2055 at prices $35–$100/tCO2, with intensive plantations comprising

Date: 2020
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DOI: 10.1038/s41467-020-19578-z

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