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The Economic Challenge of Mitigating Climate Change through Forestry Activities

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  • van Kooten, G. Cornelis

Abstract

In this study, the price of carbon offset credits is used for incentivizing a reduction in the release of CO2 emissions and an increase in sequestration of CO2 through forestry activities. A forest management model representative of the southern interior of British Columbia is described. The objective is to maximize net discounted returns to commercial timber operations plus the benefits of managing carbon fluxes. The model tracks carbon in living trees, organic matter, and post-harvest carbon pools. The decision about which forestry activities generate carbon offset credits and how many is essentially a political and not a scientific one.

Suggested Citation

  • van Kooten, G. Cornelis, "undated". "The Economic Challenge of Mitigating Climate Change through Forestry Activities," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 257809, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae17:257809
    DOI: 10.22004/ag.econ.257809
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    References listed on IDEAS

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    1. Johnston, Craig M.T. & Cornelis van Kooten, G., 2015. "Back to the past: Burning wood to save the globe," Ecological Economics, Elsevier, vol. 120(C), pages 185-193.
    2. Robert S. Pindyck, 2017. "The Use and Misuse of Models for Climate Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 100-114.
    3. Stennes, Brad & Niquidet, Kurt & van Kooten, G. Cornelis, 2009. "Implications of Expanding Bioenergy Production from Wood in British Columbia: An Application of a Regional Wood Fibre Allocation Model," Working Papers 50782, University of Victoria, Resource Economics and Policy.
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