Costs of Creating Carbon Offset Credits via Forestry Activities: A Meta-Regression Analysis

Gerrit van Kooten, Susanna Laaksonen-Craig and Yichuan Wang

No 37039, Working Papers from University of Victoria, Resource Economics and Policy

Abstract: The main focus of efforts to mitigate climate change is on the avoidance of fossil fuel emissions. However, the Kyoto rules permit the use of forestry activities that create carbon offset credits. These could obviate the need for lifestyle-changing reductions in fossil fuel use. It is necessary for policy purposes, therefore, to determine the cost effectiveness of creating forest sink carbon credits. In this study, meta-regression analyses with 1047 observations from 68 studies are used to determine factors that affect carbon sequestration costs. Results indicate that soil carbon is not very important, but that forest plantations and use of biomass for energy make forestry activities more attractive. It also turns out that forestry activities are competitive with emissions reduction in tropical regions and, perhaps, boreal regions, but certainly not in Europe. Finally, the regression estimates are used to project the potential costs of carbon uptake for various forest management scenarios.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 35
Date: 2007-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ageconsearch.umn.edu/record/37039/files/WorkingPaper2007-03.pdf (application/pdf)

Related works:
Working Paper: Costs of Creating Carbon Offset Credits via Forestry Activities: A Meta-Regression Analysis (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uvicwp:37039

DOI: 10.22004/ag.econ.37039

Access Statistics for this paper

More papers in Working Papers from University of Victoria, Resource Economics and Policy
Bibliographic data for series maintained by AgEcon Search ().