[Journal:] Agricultural economics: The Journal of the International Association of Agricultural Economists [ISSN:] 0169-5150 [Publisher:] Wiley-Blackwell [Place:] Hoboken, NJ [Volume:] 40 [Issue:] 5 [Pages:] 507-517
Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost-effective climate policy, it is therefore important to include land use, land-use change, and forestry (LULUCF) explicitly in economy-climate models. This article gives an overview and assessment of existing approaches to include LULUCF into partial and general equilibrium economy-climate models. For each class of models, we describe different examples, their treatment of land, and their potential for and applicability to policy analysis, as well as their shortcomings. We identify data requirements and conceptual problems, and provide suggestions for future research.