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Atmospheric carbonization through private forestry

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  • Marty Rowland

Abstract

Sequestration of carbon in forests is one method of reducing the accumulation of CO2 in the atmosphere in order to delay climate change. But the ability of forests to perform this valuable ecological service may be hampered, particularly when private forestry dominates public policy. This article identifies several examples of lost opportunities for global society to benefit from carbon sequestration because markets for carbon credits are primarily designed to enable corporations to benefit from carbon capture schemes that are seldom adequately monitored. The recommended policy change is the ownership and management of all forests as common property, if not by legal title, then by collection of a tax on economic rent that could provide revenue to fund collective benefits.

Suggested Citation

  • Marty Rowland, 2025. "Atmospheric carbonization through private forestry," American Journal of Economics and Sociology, Wiley Blackwell, vol. 84(1), pages 89-102, January.
    • Handle: RePEc:bla:ajecsc:v:84:y:2025:i:1:p:89-102
    DOI: 10.1111/ajes.12571
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    References listed on IDEAS

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    1. Bull, Gary Q. & Bazett, Michael & Schwab, Olaf & Nilsson, Sten & White, Andy & Maginnis, Stewart, 2006. "Industrial forest plantation subsidies: Impacts and implications," Forest Policy and Economics, Elsevier, vol. 9(1), pages 13-31, November.
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