TITLE

An Optimal Control Model of Forest Carbon Sequestration

AUTHOR(S)
Sohngen, Brent; Mendelsohn, Robert
PUB. DATE
May 2003
SOURCE
American Journal of Agricultural Economics;May2003, Vol. 85 Issue 2, p448
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study develops an optimal control model of carbon sequestration and energy abatement to explore the potential role of forests in greenhouse gas mitigation. The article shows that if carbon accumulates in the atmosphere, the rental price for carbon sequestration should rise over time. From an empirical model, we find that carbon sequestration is costly, but that landowners can sequester substantial amounts of carbon in forests mainly by increasing forestland and lengthening rotations. Forest sequestration is predicted to account for about one-third of total carbon abatement. Tropical forests store over two-thirds of this added carbon.
ACCESSION #
9584723

 

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