FEEM working papers "Note di lavoro" series
2011 .004

Afforestation and Timber Management Compliance Strategies in Climate Policy. A Computable General Equilibrium Analysis


Autori: Melania Michetti, Renato Nunes Rosa
Serie: Climate Change and Sustainable Development
Editor: Carlo Carraro
Tipo: Journal
Parole chiave: Climate Change, General Equilibrium Modelling, Forestry, Afforestation
Numero JEL: D58, Q23, Q24, Q52, Q54
JEL: Ecological Economics
Pagine: Vol. 77, pp. 139–148
Data: 05/2012

Abstract

This paper analyzes the role of afforestation-reforestation and timber management activities, and their major and secondary economic effects in stabilizing climate during the first commitment period of the Kyoto Protocol. In particular, with a Computable General Equilibrium framework, the ICES model, it is inferred how forest carbon sequestration fits within the European domestic portfolio of a 2020-20 and 2020-30 climate stabilization policy. Afforestation and land use are accounted for by introducing their effects in the model. This is done by relying on carbon sequestration curves provided by Sohngen (2005), which describe the average annual cost of sequestration for selected world regions. Results show that afforestation and timber management could lead to substantially lower policy costs if included. By allowing afforestation alone it is possible to achieve the 30% emissions reduction target with an additional European effort of only 0.2% compared with the cost of a 20% emissions reduction without afforestation. The introduction of these alternatives for mitigating climate is expected to reduce carbon price by around 30% in 2020 and the already contained leakage effect (around 1%), coming from an independent European commitment, by 0.2%.

***

Suggested citation: Melania Michetti, Renato Rosa, Afforestation and timber management compliance strategies in climate policy. A computable general equilibrium analysis, Ecological Economics, Volume 77, May 2012, Pages 139-148, ISSN 0921-8009, http://dx.doi.org/10.1016/j.ecolecon.2012.02.020

Download file
Scarica il file PDF
links
Link

FEEM Newsletter

Iscriviti per rimanere aggiornato.

I Suoi dati saranno trattati dalla Fondazione Eni Enrico Mattei. – Titolare del trattamento – per ricevere via posta elettronica la newsletter della Fondazione. Il conferimento dell’indirizzo e-mail è necessario alla fornitura del servizio. La invitiamo a consultare la Privacy Policy per ottenere maggiori informazioni a tutela dei Suoi diritti.

Questo Sito utilizza cookie tecnici e analytics, nonché consente l’invio di cookie di profilazione di terze parti.
Chiudendo questo banner o comunque proseguendo la navigazione sul Sito manifesti il tuo consenso all’uso dei cookie. Per ulteriori informazioni e per esprimere scelte selettive in ordine all’uso dei cookie vedi la   Cookie PolicyOk