Optimal carbon sequestration path when different biological or physical sequestration
We set out a general framework to discuss carbon sequestration programs when different alternatives are available and each of them yields sequestration benefits far into the future and at varying rates. We focus on reforestations, since trees grow for a long time, at varying rates, and different types of species yield completely different sequestration rates. We show that the Social Planner (and the landowner) will continuously change the species used for the reforestations and that the trend is to use slower and slower growing species as the land available for reforestations becomes scarcer and carbon builds up in the atmosphere.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lionel Ragot & Katheline Schubert, 2006.
"The optimal carbon sequestration in agricultural soils : does the dynamics of the physical process matter ?,"
Cahiers de la Maison des Sciences Economiques
v06040, Université Panthéon-Sorbonne (Paris 1).
- Ragot, Lionel & Schubert, Katheline, 2008. "The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?," Journal of Economic Dynamics and Control, Elsevier, vol. 32(12), pages 3847-3865, December.
- Lionel Ragot & Katheline Schubert, 2008. "The optimal carbon sequestration in agricultural soils: Do the dynamics of the physical process matter?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00308806, HAL.
- Lionel Ragot & Katheline Schubert, 2006. "The optimal carbon sequestration in agricultural soils : does the dynamics of the physical process matter ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00115685, HAL.
- G. Cornelis van Kooten & Clark S. Binkley & Gregg Delcourt, 1995. "Effect of Carbon Taxes and Subsidies on Optimal Forest Rotation Age and Supply of Carbon Services," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(2), pages 365-374.
- Lubowski, Ruben & Plantinga, Andrew & Stavins, Robert, 2005.
"Land-Use Change and Carbon Sinks: Econometric Estimation of the Carbon Sequestration Supply Function,"
Working Paper Series
rwp05-001, Harvard University, John F. Kennedy School of Government.
- Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
- Muller, Eitan & Peles, Yoram C., 1990. "Optimal dynamic durability," Journal of Economic Dynamics and Control, Elsevier, vol. 14(3-4), pages 709-719, October.
- G. Cornelis Kooten, 2000.
"Economic Dynamics of Tree Planting for Carbon Uptake on Marginal Agricultural Lands,"
Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie,
Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 48(1), pages 51-65, 03.
- G. Cornelis van Kooten, 2004. "Economic Dynamics of Tree Planting for Carbon Uptake on Marginal Agricultural Lands," Working Papers 2004-12, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
- Schmalensee, Richard, 1979. "Market Structure, Durability, and Quality: A Selective Survey," Economic Inquiry, Western Economic Association International, vol. 17(2), pages 177-196, April.
- Brent Sohngen & Robert Mendelsohn, 2003. "An Optimal Control Model of Forest Carbon Sequestration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 448-457.
- Duarte, Clara Costa & Sa, Maria A. Cunha e, 2006. "Forest vintages and carbon sequestration," FEUNL Working Paper Series wp482, Universidade Nova de Lisboa, Faculdade de Economia.
- Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers Archive 5068, Iowa State University, Department of Economics.
- Caparros, Alejandro & Jacquemont, Frederic, 2003. "Conflicts between biodiversity and carbon sequestration programs: economic and legal implications," Ecological Economics, Elsevier, vol. 46(1), pages 143-157, August.
- Xabadia, Angels & Goetz, Renan U. & Zilberman, David, 2006. "Control of accumulating stock pollution by heterogeneous producers," Journal of Economic Dynamics and Control, Elsevier, vol. 30(7), pages 1105-1130, July.
- Tavoni, Massimo & Sohngen, Brent & Bosetti, Valentina, 2007.
"Forestry and the carbon market response to stabilize climate,"
Elsevier, vol. 35(11), pages 5346-5353, November.
- Massimo Tavoni & Valentina Bosetti & Brent Sohngen, 2007. "Forestry and the Carbon Market Response to Stabilize Climate," Working Papers 2007.15, Fondazione Eni Enrico Mattei.
- M. I. Kamien & E. Muller, 1976. "Optimal Control with Integral State Equations," Review of Economic Studies, Oxford University Press, vol. 43(3), pages 469-473.
- Salo, Seppo & Tahvonen, Olli, 2002. "On Equilibrium Cycles and Normal Forests in Optimal Harvesting of Tree Vintages," Journal of Environmental Economics and Management, Elsevier, vol. 44(1), pages 1-22, July.
- Robert N. Stavins, 1999. "The Costs of Carbon Sequestration: A Revealed-Preference Approach," American Economic Review, American Economic Association, vol. 89(4), pages 994-1009, September.
- Olschewski, Roland & Benitez, Pablo C., 2005. "Secondary forests as temporary carbon sinks? The economic impact of accounting methods on reforestation projects in the tropics," Ecological Economics, Elsevier, vol. 55(3), pages 380-394, November.
When requesting a correction, please mention this item's handle: RePEc:ipp:wpaper:1018. 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: (Adelheid Holl)
If references are entirely missing, you can add them using this form.