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dc.contributor.authorRosa, Renatoen_US
dc.contributor.authorCosta Duarte, Claraen_US
dc.contributor.authorCunha-e-Sá, Maria A.en_US
dc.description.abstractThe use of forests as carbon sinks is examined by introducing carbon sequestration benefits' accounting in a multi-vintage land allocation model. Following the IPCC, three carbon accounting methods are considered. We compare the results in each case with those without carbon sequestration, as well as the performances of the ton-year and the average methods (second-best) to the carbon flow (first-best) concerning optimal land allocation between forestry and alternative uses, total carbon sequestered, timber production and social welfare. A full proof of long-run optimality of steady state forest is provided. Numerical simulations are performed and results discussed illustrating the setup's potential.en_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 61.2009en_US
dc.subject.keywordLand Allocation Modelen_US
dc.subject.keywordForest Vintagesen_US
dc.subject.keywordCarbon Sequestrationen_US
dc.subject.keywordCarbon Accountingen_US
dc.subject.keywordOptimal Rotationen_US
dc.titleThe role of forests as carbon sinks: Land-use and carbon accountingen_US
dc.typeWorking Paperen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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