GTAP Resources: Resource Display
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"Afforestation and Timber Management Compliance Strategies in Climate Policy. A Computable General Equilibrium Analysis" by Michetti, Melania and Renato Rosa Abstract 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%. |
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- Climate change policy - Calibration and parameter estimation - The GTAP Data Base and extensions |
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Public Access  2011 Conference Paper (365.2 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
