Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96893
Authors: 
Hoel, Michael
Sletten, Thea Marcelia
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 4686
Abstract: 
During recent years increased attention has been given to second-generation wood-based bioenergy. The carbon stored in the forest is highest when there is little or no harvest from the forest. Increasing the harvest from a forest, in order to produce more bioenergy, may thus conflict with the direct benefit of the forest as a carbon sink. We analyze this conflict using a simple model where bioenergy and fossil energy are perfect substitutes. Our analysis shows how the social optimum will depend on the social cost of carbon, and how the social optimum may be obtained by suitable taxes and subsidies.
Subjects: 
climate
carbon
bioenergy
JEL: 
Q30
Q42
Q54
Q58
Document Type: 
Working Paper

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