Munnich, Miriam
- Department of Economics, Swedish University of Agricultural Sciences
Abstract
Forest management affects the quantity of CO2 emissions in the atmosphere through carbon sequestration in standing biomass, carbon storage in forest products and production of bioenergy. The main question studied in this paper is whether forest carbon sequestration is worth increasing at the expense of bioenergy and forest products to achieve the EU emissions reduction target for 2050 in a cost-efficient manner. A dynamic cost minimisation model is used to find the optimal combination of carbon abatement strategies to meet annual emissions targets between 2010 and 2050. The results indicate that forest carbon sequestration is a low-cost abatement method. With sequestration, the net present costs of meeting EU carbon targets can be reduced by 23%. (C) 2016 Department of Forest Economics, Swedish University of Agricultural Sciences, Ume (a) over circle. Published by Elsevier GmbH. This is an open access article under the CC BY-NC-ND license
Keywords
Bioenergy; Cost-efficiency; Dynamic optimisation; EU; Climate policy; Forest carbon sequestration
Published in
Journal of Forest Economics
2016, volume: 24, pages: 82-105
Publisher: Elsevier
SLU Authors
Elofsson, Katarina
- Department of Economics, Swedish University of Agricultural Sciences
- Department of Economics, Swedish University of Agricultural Sciences
Global goals (SDG)
SDG7 Affordable and clean energy
UKÄ Subject classification
Economics
Publication identifier
- DOI: https://doi.org/10.1016/j.jfe.2016.04.002
Permanent link to this page (URI)
https://res.slu.se/id/publ/79634