Economics of Forest Ecosystem Carbon Sinks: A Review
Carbon terrestrial sinks are seen as a low-cost alternative to fuel switching and reduced fossil fuel use for lowering atmospheric CO 2 . In this study, we review issues related to the use of terrestrial forestry activities to create CO 2 offset credits. To gain a deeper understanding of the confusing empirical studies of forest projects to create carbon credits under Kyoto, we employ meta-regression analysis to analyze conditions under which forest activities generate CO 2 -emission reduction offsets at competitive "prices." In particular, we examine 68 studies of the costs of creating carbon offsets using forestry. Baseline estimates of costs of sequestering carbon are some US$3–$280 per tCO 2 , indicating that the costs of creating CO 2 -emission offset credits through forestry activities vary wildly. Intensive plantations in the tropics could potentially yield positive benefits to society, but in Europe similar projects could cost as much as $195/tCO 2 . Indeed, Europe is the highest cost region, with costs in the range of $50–$280 per tCO 2 . This might explain why Europe has generally opposed biological sinks as a substitute for emissions reductions, while countries rush to finance forestry sector clean development mechanism projects. In Canada and the U.S., carbon sequestration costs range from a low of about $2 to nearly $80 per tCO 2 . One conclusion is obvious: some forestry projects to sequester carbon are worthwhile undertaking, but certainly not all.
Volume (Year): 1 (2007)
Issue (Month): 3 (September)
|Contact details of provider:|| Web page: http://www.nowpublishers.com/|
When requesting a correction, please mention this item's handle: RePEc:now:jirere:101.00000006. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alet Heezemans)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.