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Title: Consequences of carbon offset payments for the global forest sector
Author: Buongiorno, Joseph; Zhu, Shushuai.;
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
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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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