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Carbon Sequestration in Global Forests Under Different Carbon Price Regimes

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  • Brent Sohngen
  • Roger Sedjo

Abstract

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 48-147 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 longterm partner with other mitigation options.

Suggested Citation

  • Brent Sohngen & Roger Sedjo, 2006. "Carbon Sequestration in Global Forests Under Different Carbon Price Regimes," The Energy Journal, , vol. 27(3_suppl), pages 109-126, December.
    • Handle: RePEc:sae:enejou:v:27:y:2006:i:3_suppl:p:109-126
    DOI: 10.5547/ISSN0195-6574-EJ-VolSI2006-NoSI3-6
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    1. Sedjo, Roger & Sohngen, Brent & Mendelsohn, Robert, 2001. "Estimating Carbon Supply Curves for Global Forests and Other Land Uses," RFF Working Paper Series dp-01-19, Resources for the Future.
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