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Carbon Sequestration in Forest Ecosystems as a Strategy for Mitigating Climate Change

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  • van Kooten, G. Cornelis
  • Wang, Yichuan
  • Laaksonen-Craig, Susanna

Abstract

Under Kyoto, forestry activities that sequester carbon can be used to create CO2 offset credits that could obviate the need for lifestyle-changing reductions in fossil fuel use. Credits are earned by storing carbon in forest ecosystems and wood products, although CO2 emissions are also mitigated by delaying deforestation, which accounts for one-quarter of anthropogenic CO2 emissions. Non-permanent carbon offsets from forest activities are difficult to compare with each other and with mitigation strategies because they differ in how long they prevent CO2 from entering the atmosphere. In this paper, we investigate issues of carbon sequestration in detail, but in particular we expand in comprehensive fashion on earlier work comparing carbon mitigation activities according to how long they can lower atmospheric CO2 levels. The duration problem is modeled theoretically. Meta-regression analysis with 1047 observations from 68 studies is then used to determine whether the duration problem leads to inconclusive results between carbon-uptake costs and carbon sequestration. In addition, from the regression analysis, it is possible to estimate potential costs of carbon uptake via forestry activities for various scenarios. It turns out that forestry activities are competitive with emissions reduction in tropical regions and, perhaps, in boreal regions, but certainly not in Europe.

Suggested Citation

  • van Kooten, G. Cornelis & Wang, Yichuan & Laaksonen-Craig, Susanna, 2007. "Carbon Sequestration in Forest Ecosystems as a Strategy for Mitigating Climate Change," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9931, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea07:9931
    DOI: 10.22004/ag.econ.9931
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    Cited by:

    1. Torres, Arturo Balderas & Marchant, Rob & Lovett, Jon C. & Smart, James C.R. & Tipper, Richard, 2010. "Analysis of the carbon sequestration costs of afforestation and reforestation agroforestry practices and the use of cost curves to evaluate their potential for implementation of climate change mitigat," Ecological Economics, Elsevier, vol. 69(3), pages 469-477, January.

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    Keywords

    Resource /Energy Economics and Policy;

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