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Least-Cost Forest Carbon Reserves: Cost-Effective Subsidies to Convert Marginal Agricultural Land to Forests

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  • Peter J. Parks
  • Ian W. Hardie

Abstract

Supply schedules for forests planted on marginal agricultural lands are used to simulate a national carbon sequestration program. A cost-effective program should focus on establishing softwood forests on pastureland, and select lands by minimizing cost per ton sequestered. A program similar to the Conservation Reserve Program would sequester 48.6 million tons of carbon per year (3.5 percent of U.S. emissions) on 22.2 million acres. Costs would include $3,700 million in land rental costs and forest establishment costs. Minimizing cost per acre would increase enrollment to 23.1 million acres and would sequester 45.0 million tons per year.

Suggested Citation

  • Peter J. Parks & Ian W. Hardie, 1995. "Least-Cost Forest Carbon Reserves: Cost-Effective Subsidies to Convert Marginal Agricultural Land to Forests," Land Economics, University of Wisconsin Press, vol. 71(1), pages 122-136.
    • Handle: RePEc:uwp:landec:v:71:y:1995:i:1:p:122-136
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