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GTAP Resources: Resource Display

GTAP Resource #6807

"Logs or Permits? Forestry Land Use Decisions in an Emissions Trading Scheme"
by White, Dominic and Niven Winchester

Negative carbon emissions options are required to meet long-term climate goals in many countries. One way to incentivise these options is by paying farmers for carbon sequestered by forests through an emissions trading scheme. New Zealand has a comprehensive emissions trading scheme which includes incentives for farmers to plant permanent exotic forests. We use an economy-wide model, a forestry model, and land use change functions to measure the expected proportion of farmers with trees at harvesting age that will change land use from production to permanent forests in New Zealand from 2014 to 2050. We also estimate the impacts on carbon sequestration, the carbon price, gross emissions, GDP, and welfare. We find that even if the responsiveness of forestry owners to the carbon price is "low", there is a significant amount of carbon sequestered by forests by 2050. This is because, if foresters decide not to switch to permanent forests in one year, carbon prices and ultimately incentives to convert to permanent forests will be higher in future years.

Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Created: White, D. (3/26/2023)
Updated: White, D. (3/26/2023)
Visits: 288
- Model extension/development
- Climate change policy
- Land use
- GTAP Data Base and extensions
- Other data bases and data issues
- Domestic policy analysis
- Oceania

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