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

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Author Info
G. Cornelis van Kooten
Susanna Laaksonen-Craig
Yichuan Wang

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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.

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File URL: http://web.uvic.ca/~kooten/REPA/WorkingPaper2007-03.pdf
File Format: application/pdf
File Function: Final version, 2007
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Publisher Info
Paper provided by University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group in its series Working Papers with number 2007-03.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 35 pages
Date of creation: Jul 2007
Date of revision:
Handle: RePEc:rep:wpaper:2007-03

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Related research
Keywords: climate mitigation; forest carbon offset credits; meta-regression analysis;

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Find related papers by JEL classification:
Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
R15 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Renewable Resources and Conservation: Issues in International Trade

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