Carbon sequestration cost by afforestation in Taiwan

Ching-Cheng Chang

Environmental Economics and Policy Studies, 1999, vol. 2, issue 3, 199-213

Abstract: An agricultural sector model based on the principle of economic welfare maximization was modified to derive the supply schedules for carbon sequestered by afforestation in Taiwan. Competition for land between agricultural and forest enterprises provided the basis for simultaneous price determination in both sectors. The land-use shifts that occurred were based on comparisons of endogenously determined returns to cropland for alternative uses. The 1994 baseline results indicated that by reforestation on the idled forest land 5 million to 10 million metric tons of carbon could be sequestered at a annual cost of US$40–$46 per metric ton. Intensified land-use changes were observed in addition to cropland conversion. The cost per metric ton of carbon rose sharply when the sequestration target threshold was more than 15 million metric tons. Our empirical results also indicated that the current afforestation incentive program could achieve, at most, a target of 5 million metric tons. Copyright Springer Japan 1999

Keywords: Carbon sequestration; Opportunity cost; Afforestation; Land use; Taiwan (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1007/BF03353911

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