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Carbon Sequestration in Global Forests Under Different Carbon Price Regimes


  • Brent Sohngen and Roger Sedjo


This paper examines the potential role of carbon sequestration in forests under a range of exogenously chosen carbon price paths. The price paths were chosen to simulate several different climate change policies. The results indicate that global sequestration could range from 48Ð147 Pg C by 2105 for carbon prices ranging from $100 to more than $800 per t C by the end of the century. The timing of sequestration is found to be sensitive to the assumed carbon price path. Low initial carbon prices ($10 - $20 per t C in 2010) followed by rapid price increases, as might occur if policy makers try to stabilize future concentrations, suggest little, if any, sequestration during the next 20 years (-0.2 to 4.5 Pg C). If policy makers develop policies that support higher initial carbon prices, ranging from $75 to $100 per t C, 17 to 23 Pg C could be sequestered in forests over the next 20 years. Overall, our results indicate that forestry is not an efficient stopgap measure for long-term policy goals, but that it is instead an important long-term partner with other mitigation options.

Suggested Citation

  • Brent Sohngen and Roger Sedjo, 2006. "Carbon Sequestration in Global Forests Under Different Carbon Price Regimes," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 109-126.
  • Handle: RePEc:aen:journl:2006se_weyant-a06

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    References listed on IDEAS

    1. Babiker, Mustafa & Reilly, John M. & Jacoby, Henry D., 2000. "The Kyoto Protocol and developing countries," Energy Policy, Elsevier, vol. 28(8), pages 525-536, July.
    2. Paul M. Bernstein & W. David Montgomery & Thomas F. Rutherford & Gui-Fang Yang, 1999. "Effects of Restrictions on International Permit Trading: The MS-MRT Model," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 221-256.
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    Cited by:

    1. Aline Chiabai, 2010. "Analysis and Use of Information and Communication Tools in Economics of Climate Change," Working Papers 2009-03, BC3.
    2. Güssow, Kerstin & Proelss, Alexander & Oschlies, Andreas & Rehdanz, Katrin & Rickels, Wilfried, 2010. "Ocean iron fertilization: Why further research is needed," Marine Policy, Elsevier, vol. 34(5), pages 911-918, September.
    3. Tabeau, Andrzej & van Meijl, Hans & Overmars, Koen P. & Stehfest, Elke, 2017. "REDD policy impacts on the agri-food sector and food security," Food Policy, Elsevier, vol. 66(C), pages 73-87.
    4. Valentina Bosetti & Ruben Lubowski & Alexander Golub & Anil Markandya, 2009. "Linking Reduced Deforestation and a Global Carbon Market: Impacts on Costs, Financial Flows, and Technological Innovation," Working Papers 2009.56, Fondazione Eni Enrico Mattei.
    5. Haim, David & Plantinga, Andrew J. & Thomann, Enrique, 2014. "The optimal time path for carbon abatement and carbon sequestration under uncertainty: The case of stochastic targeted stock," Resource and Energy Economics, Elsevier, vol. 36(1), pages 151-165.
    6. Monge, Juan J. & Bryant, Henry L. & Gan, Jianbang & Richardson, James W., 2016. "Land use and general equilibrium implications of a forest-based carbon sequestration policy in the United States," Ecological Economics, Elsevier, vol. 127(C), pages 102-120.
    7. David Walker, 2014. "The Economic Potential for Forest-Based Carbon Sequestration under Different Emissions Targets and Accounting Schemes," Working Papers 2014.02, School of Economics, La Trobe University.
    8. Wyes, Heinrich-Wilhelm & Lewandowski, Michael, 2012. "Narrowing the Gaps through Regional Cooperation Institutions and Governance Systems," ADBI Working Papers 359, Asian Development Bank Institute.
    9. Suzi Kerr & Simon Anastasiadis & Alex Olssen & William Power & Levente Tímár & Wei Zhang, 2012. "Spatial and Temporal Responses to an Emissions Trading System Covering Agriculture and Forestry: Simulation Results from New Zealand," Working Papers 12_10, Motu Economic and Public Policy Research.
    10. Sedjo, Roger A. & Sohngen, Brent, 2007. "Carbon Credits for Avoided Deforestation," Discussion Papers dp-07-47, Resources For the Future.
    11. repec:eee:foreco:v:29:y:2017:i:pb:p:78-86 is not listed on IDEAS
    12. Rose, Steven K. & Ahammad, Helal & Eickhout, Bas & Fisher, Brian & Kurosawa, Atsushi & Rao, Shilpa & Riahi, Keywan & van Vuuren, Detlef P., 2012. "Land-based mitigation in climate stabilization," Energy Economics, Elsevier, vol. 34(1), pages 365-380.
    13. Myers, Erin C., 2007. "Policies to Reduce Emissions from Deforestation and Degradation (REDD) in Tropical Forests: An Examination of the Issues Facing the Incorporation of REDD into Market-Based Climate Policies," Discussion Papers dp-07-50, Resources For the Future.
    14. Barua, Sepul K. & Uusivuori, Jussi & Kuuluvainen, Jari, 2012. "Impacts of carbon-based policy instruments and taxes on tropical deforestation," Ecological Economics, Elsevier, vol. 73(C), pages 211-219.

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    JEL classification:

    • F0 - International Economics - - General


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