An optimal control model of forest carbon sequestration

An optimal control model of forest carbon sequestration

0.00 Avg rating0 Votes
Article ID: iaor2005631
Country: United States
Volume: 85
Issue: 2
Start Page Number: 448
End Page Number: 457
Publication Date: May 2003
Journal: American Journal of Agricultural Economics
Authors: ,
Abstract:

This study develops an optimal control model of carbon sequestration and energy abatement to explore the potential role of forests in greenhouse gas mitigation. The article shows that if carbon accumulates in the atmosphere, the rental price for carbon sequestration should rise over time. From an empirical model, we find that carbon sequestration is costly, but that landowners can sequester substantial amounts of carbon in forests mainly by increasing forestland and lengthening rotations. Forest sequestration is predicted to account for about one-third of total carbon abatement. Tropical forests store over two-thirds of this added carbon.

Reviews

Required fields are marked *. Your email address will not be published.