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Publication Information

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Title: Consequences of carbon offset payments for the global forest sector

Author: Buongiorno, Joseph; Zhu, Shushuai.;

Date: 2013

Source:

Publication Series: Scientific Journal (JRNL)

Description: Long-term effects of policies to induce carbon storage in forests were projected with the Global Forest Products Model. Offset pay- ments for carbon sequestered in forest biomass of $15–$50/t CO2 e applied in all countries increased CO2 sequestration in world forests by 5–14 billion tons from 2009 to 2030. Limiting implementation to developed countries exported environmental damage from North to South, as developing countries harvested more, decreasing their stored CO2 e. Substantially more CO2 e was sequestered by allo- cating a given budget to all countries rather than to developed countries only. As offset payments increased wood prices relatively more than they decreased production, timber revenues generally increased. In the few countries with timber revenues losses they were more than compensated by the offset payments

Keywords: Carbon markets International trade Global Forest Products Model

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

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Citation:


Buongiorno, Joseph; Zhu, Shushuai. 2013. Consequences of carbon offset payments for the global forest sector. Journal of Forest Economics 19:384-401.

 


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