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Estimating the Present Value of Carbon Sequestration in U.S. Forests, 2015–2050, for Evaluating Federal Climate Change Mitigation Policies

Author

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  • Haight, Robert G.
  • Bluffstone, Randall
  • Kline, Jeffrey D.
  • Coulston, John W.
  • Wear, David N.
  • Zook, Kate

Abstract

We demonstrate an application evaluating carbon sequestration benefits from federal policy alternatives. Using detailed forest inventory data, we projected carbon sequestration outcomes in the coterminous 48 states for a baseline scenario and three policy scenarios through 2050. Alternatives included (1) reducing deforestation from development, (2) afforestation in the eastern United States and reforestation in the western United States, and (3) reducing stand-replacing wildfires. We used social cost of carbon estimates to evaluate the present value of carbon sequestration benefits gained with each policy. Results suggest that afforestation and reforestation would provide the greatest marginal increase in carbon benefit, far exceeding policy cost.

Suggested Citation

  • Haight, Robert G. & Bluffstone, Randall & Kline, Jeffrey D. & Coulston, John W. & Wear, David N. & Zook, Kate, 2020. "Estimating the Present Value of Carbon Sequestration in U.S. Forests, 2015–2050, for Evaluating Federal Climate Change Mitigation Policies," Agricultural and Resource Economics Review, Cambridge University Press, vol. 49(1), pages 150-177, April.
    • Handle: RePEc:cup:agrerw:v:49:y:2020:i:1:p:150-177_7
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    Cited by:

    1. Xuexiang Li & Wanlin Hu & Fan Zhang & Jinxin Zhang & Feng Sheng & Xiangyu Xu, 2022. "Carbon Sink Cost and Influence Factors Analysis in a National Afforestation Project under Different Investment Modes," IJERPH, MDPI, vol. 19(13), pages 1-15, June.
    2. Kovacs, Kent F. & Haight, Robert G. & Moore, Karli & Popp, Michael, 2021. "Afforestation for carbon sequestration in the Lower Mississippi River Basin of Arkansas, USA: Does modeling of land use at fine spatial resolution reveal lower carbon cost?," Forest Policy and Economics, Elsevier, vol. 130(C).
    3. Fuller, Madisen & Baker, Justin & Roberts, Zoey & Latta, Gret & Ohrel, Sara & Gower, Tom, 2023. "Projecting the spatial distribution of tree planting under different policy incentive structures," 2023 Annual Meeting, July 23-25, Washington D.C. 337099, Agricultural and Applied Economics Association.

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