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Optimal carbon sequestration path when different biological or physical sequestration

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Listed:
  • Alejandro Caparrós
  • David Zilberman

Abstract

We set out a general framework to discuss carbon sequestration programs when different alternatives are available and each of them yields sequestration benefits far into the future and at varying rates. We focus on reforestations, since trees grow for a long time, at varying rates, and different types of species yield completely different sequestration rates. We show that the Social Planner (and the landowner) will continuously change the species used for the reforestations and that the trend is to use slower and slower growing species as the land available for reforestations becomes scarcer and carbon builds up in the atmosphere.

Suggested Citation

  • Alejandro Caparrós & David Zilberman, 2010. "Optimal carbon sequestration path when different biological or physical sequestration," Working Papers 1018, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    • Handle: RePEc:ipp:wpaper:1018
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    References listed on IDEAS

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    More about this item

    Keywords

    carbon sequestration; forests; optimal control; vintage; Volterra integral.;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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