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Encyclopedia of Energy, Natural Resource, and Environmental Economics

Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy

Publication ,  Chapter
Murray, BC
January 1, 2013

Forest ecosystems remove carbon dioxide (CO2) from the atmosphere and convert it to organic carbon (C) stored in terrestrial pools of biomass, soil, and residues. This process lowers atmospheric CO2 concentrations, thereby mitigating a contributor to future climate-change threats. This article explores the economics of incentive-based approaches to managing forests and changing land use to store more carbon, such as those that are part of ongoing policy efforts throughout the world. It shows how incentives for carbon sequestration change the optimal time to harvest a timber stand, thereby working the intensive supply margin, increasing the amount of carbon stored in forests over time. It also shows how carbon compensation can attract land into forests from less carbon-sequestering land uses such as crop agriculture, thereby increasing carbon storage on the extensive margin. The article provides examples from empirical studies of carbon sequestration from afforestation, forest management, and reduced emissions from deforestation. The article concludes with a discussion of key implementation issues for forest carbon policies.

Duke Scholars

DOI

ISBN

9780080964522

Publication Date

January 1, 2013

Volume

1-3

Start / End Page

41 / 47
 

Citation

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Murray, B. C. (2013). Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy. In Encyclopedia of Energy, Natural Resource, and Environmental Economics (Vol. 1–3, pp. 41–47). https://doi.org/10.1016/B978-0-12-375067-9.00074-7
Murray, B. C. “Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy.” In Encyclopedia of Energy, Natural Resource, and Environmental Economics, 1–3:41–47, 2013. https://doi.org/10.1016/B978-0-12-375067-9.00074-7.
Murray BC. Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy. In: Encyclopedia of Energy, Natural Resource, and Environmental Economics. 2013. p. 41–7.
Murray, B. C. “Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy.” Encyclopedia of Energy, Natural Resource, and Environmental Economics, vol. 1–3, 2013, pp. 41–47. Scopus, doi:10.1016/B978-0-12-375067-9.00074-7.
Murray BC. Economics of Forest Carbon Sequestration as a Climate Change Mitigation Strategy. Encyclopedia of Energy, Natural Resource, and Environmental Economics. 2013. p. 41–47.
Journal cover image

DOI

ISBN

9780080964522

Publication Date

January 1, 2013

Volume

1-3

Start / End Page

41 / 47