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The Role Of The Forest In An Integrated Assessment Model Of The Climate And The Economy

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  • MATHILDA ERIKSSON

    (Centre for Environmental and Resource Economics, Umeå School of Business and Economics, Umeå University, Sweden)

Abstract

This paper develops the FOR-DICE model to explore the potential role of the global forest in reducing climate change. It presents a basic framework for assessing the boreal, tropical, and temperate forests as both a source of renewable energy and a resource to sequester and store carbon. The focus of the paper is to explore whether climate policies should focus on increasing the forest biomass, to sequester and store carbon, or on increasing the use of the forest biomass as a source of energy, to substitute fossil fuels. The paper shows that the global forest can play an important role in reducing atmospheric carbon. The main finding at the global level is that it is better to increase the forest biomass rather than increase the use of forest bioenergy. The reason for this is that the decrease in forest carbon stock created by increased bioenergy harvests is not offset by avoided fossil fuel emissions. This finding suggests that setting high bioenergy targets, without considering the dynamics of the forest stock and the efficiency of bioenergy, will be detrimental to climate change mitigation.

Suggested Citation

  • Mathilda Eriksson, 2015. "The Role Of The Forest In An Integrated Assessment Model Of The Climate And The Economy," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 6(03), pages 1-29.
    • Handle: RePEc:wsi:ccexxx:v:06:y:2015:i:03:n:s2010007815500116
    DOI: 10.1142/S2010007815500116
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    References listed on IDEAS

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    1. Nicholas Stern, 2008. "The Economics of Climate Change," American Economic Review, American Economic Association, vol. 98(2), pages 1-37, May.
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    Cited by:

    1. Baker, J.S. & Wade, C.M. & Sohngen, B.L. & Ohrel, S. & Fawcett, A.A., 2019. "Potential complementarity between forest carbon sequestration incentives and biomass energy expansion," Energy Policy, Elsevier, vol. 126(C), pages 391-401.
    2. Vass, Miriam Münnich & Elofsson, Katarina, 2016. "Is forest carbon sequestration at the expense of bioenergy and forest products cost-efficient in EU climate policy to 2050?," Journal of Forest Economics, Elsevier, vol. 24(C), pages 82-105.
    3. Eriksson, Mathilda & Brännlund, Runar & Lundgren, Tommy, 2018. "Pricing forest carbon: Implications of asymmetry in climate policy," Journal of Forest Economics, Elsevier, vol. 32(C), pages 84-93.
    4. Eriksson, Mathilda, 2016. "The Role of the Forest in Climate Policy," Umeå Economic Studies 927, Umeå University, Department of Economics.
    5. Eriksson, Mathilda, 2020. "Afforestation and avoided deforestation in a multi-regional integrated assessment model," Ecological Economics, Elsevier, vol. 169(C).
    6. Miguel Riviere & Sylvain Caurla, 2020. "Representations of the Forest Sector in Economic Models [Les représentations du secteur forestier dans les modèles économiques]," Post-Print hal-03088084, HAL.

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