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GTAP Resource #3483

"Afforestation and Timber Management Compliance Strategies in Climate Policy. A Computable General Equilibrium Analysis"
by Michetti, Melania and Renato Rosa

This paper analyzes the role of a orestation-reforestation and timber man-
agement activities, and their major and secondary economic e ects in stabilizing
climate during the rst commitment period of the Kyoto Protocol. In partic-
ular, with a Computable General Equilibrium framework, the ICES model, it
is inferred how forest carbon sequestration ts within the European domestic
portfolio of a 2020-20 and 2020-30 climate stabilization policy. A orestation
and land use are accounted for by introducing their e ects 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 re-
gions. Results show that a orestation and timber management could lead to
substantially lower policy costs if included. By allowing a orestation alone it is
possible to achieve the 30% emissions reduction target with an additional Eu-
ropean e ort of only 0.2% compared with the cost of a 20% emissions reduction
without a orestation. The introduction of these alternatives for mitigating cli-
mate is expected to reduce carbon price by around 30% in 2020 and the already
contained leakage e ect (around 1%), coming from an independent European
commitment, by 0.2%.

Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Created: Michetti, M. (3/8/2011)
Updated: Michetti, M. (3/8/2011)
Visits: 2,263
- Climate change policy
- Calibration and parameter estimation
- The GTAP Data Base and extensions

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