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Potential to Sequester Carbon in Canadian Forests: Some Economic Considerations

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Author Info
G. Cornelis van Kooten
Louise M. Arthur
W. R. Wilson

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Abstract

This paper examines the potential role of reforestation policies in reducing Canada's contribution to atmospheric carbon dioxide. The results indicate sequestering carbon by reforestation of forestlands may be a cost-effective means for Canada to offset domestic emissions of carbon dioxide from other sources, and that planting forests on marginal agricultural lands also warrants consideration. But these policies need to be compared with alternatives for reducing carbon dioxide emissions to determine their relative cost effectiveness. The authors find that reforestation is more costly than policies to increase the fuel efficiency of automobiles, but economically more efficient than converting vehicles to natural gas. Finally, they demonstrate that, because of its vast forests, Canada is a net carbon sink.

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File URL: http://economics.ca/cgi/jab?journal=cpp&view=v18n2/CPPv18n2p127.pdf
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Publisher Info
Article provided by University of Toronto Press in its journal Canadian Public Policy.

Volume (Year): 18 (1992)
Issue (Month): 2 (June)
Pages: 127-138
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Handle: RePEc:cpp:issued:v:18:y:1992:i:2:p:127-138

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  1. Robert N. Stavins, 1998. "A Methodological Investigation of Cost of Carbon Sequestration," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 231-277, November. [Downloadable!]
  2. Stavins, Robert, 2000. "limate Change and Forest Sinks: Factors Affecting the Costs of Carbon Sequestration," Working Paper Series rwp00-001, Harvard University, John F. Kennedy School of Government. [Downloadable!]
    Other versions:
  3. Ariste Ruolz & Pierre Lasserre, 2001. "La gestion optimale d'une forêt exploitée pour son potentiel de diminution des gaz à effet de serre et son bois," Cahiers de recherche du Département des sciences économiques, UQAM 20-03, Université du Québec à Montréal, Département des sciences économiques. [Downloadable!]
  4. Ken Stollery, 2001. "Climate Change and Optimal Rotation in a Flammable Forest," Working Papers 01001, University of Waterloo, Department of Economics, revised Jan 2001. [Downloadable!]
  5. G. Cornelis van Kooten & Susanna Laaksonen-Craig & Yichuan Wang, 2007. "Costs of Creating Carbon Offset Credits via Forestry Activities: A Meta-Regression Analysis," Working Papers 2007-03, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group. [Downloadable!]
  6. Robert N. Stavins, 1999. "The Costs of Carbon Sequestration: A Revealed-Preference Approach," American Economic Review, American Economic Association, vol. 89(4), pages 994-1009, September. [Downloadable!] (restricted)
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