Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53212
Authors: 
Rosa, Renato
Costa Duarte, Clara
Cunha-e-Sá, Maria A.
Year of Publication: 
2009
Series/Report no.: 
Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 61.2009
Abstract: 
The 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.
Subjects: 
Land Allocation Model
Forest Vintages
Carbon Sequestration
Carbon Accounting
Optimal Rotation
Transition/steady-state
JEL: 
Q15
Q23
Document Type: 
Working Paper

Files in This Item:
File
Size
680.43 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.