Modeling Timber Supply, Fuel-Wood, and Atmospheric Carbon Mitigation
AbstractThere is general agreement that global warming is occurring and that the main contributor to this probably is the buildup of green house gasses, GHG, in the atmosphere. Two main contributors are the utilization of fossil fuels and the deforestation of many regions of the world. This paper examines a number of current issues related to mitigating the global warming problem through forestry. We use discrete time optimal control to model a simplified carbon cycle. The burning of fossil fuels increases atmospheric carbon while the burning of fuel-wood along with its forest source maintain an atmospheric carbon level. The standing timber in the forests is a carbon sink, as are wood buildings and structures, and fossil fuel in the ground. Through time the buildings and structures decay and release carbon to the atmosphere. We also present a numerical example to help illustrate the characteristics of the model. The conclusions are that the forest sector can have a significant impact.
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Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2004-19.
Date of creation: Dec 2004
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-AGR-2006-11-04 (Agricultural Economics)
- NEP-ALL-2006-11-04 (All new papers)
- NEP-ENE-2006-11-04 (Energy Economics)
- NEP-ENV-2006-11-04 (Environmental Economics)
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