FOREST CARBON ECONOMICS: WHAT WE KNOW, WHAT WE DO NOT AND WHETHER IT MATTERS

Author

Nathan Richardson (richardson@rff.org) and Molly Macauley
Additional contact information

Climate Change Economics (CCE), 2012, vol. 03, issue 04, 1250022-1-1250022-18

Abstract: They are an important economic resource, and a source of food products, recreation, species habitat, and watershed protection, among many other services. Forests also may store large quantities of carbon. The threat of climate change therefore provides new impetus for forest management, in the form of forest carbon sequestration (FCS). FCS appears to be a relatively cheap way of reducing carbon in the atmosphere, relative to alternatives such as fuel switching. But FCS is not without problems. Economists' estimates of the cost-effectiveness of FCS are highly variable. Verification is difficult. And policy design is complex — not only because of the characteristics of forests themselves, but because of the limitations of current U.S. policy. Existing regulatory tools — predominantly the Clean Air Act — are largely incompatible in providing incentives for FCS. This paper explores the current state of FCS knowledge, including its policy context, and identifies an agenda for future research.

Keywords: Forest carbon; carbon sequestration; monitoring; economics; policy; law(search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.worldscinet.com/cgi-bin/details.cgi?type=pdf&id=pii:S2010007812500224(application/pdf)
http://www.worldscinet.com/cgi-bin/details.cgi?typ ... ii:S2010007812500224(text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:http://EconPapers.repec.org/RePEc:wsi:ccexxx:v:03:y:2012:i:04:p:1250022-1-1250022-18

Ordering information: This journal article can be ordered from
sales@wspc.com.sg

Access Statistics for this article

Climate Change Economics (CCE) is currently edited by Robert Mendelsohn

More articles in Climate Change Economics (CCE) from  World Scientific Publishing Co. Pte. Ltd.
Series data maintained by Tai Tone Lim (tltai@wspc.com.sg).

For further details log on website :
http://econpapers.repec.org/article/wsiccexxx/v_3a03_3ay_3a2012_3ai_3a04_3ap_3a1250022-1-1250022-18.htm