Pricing forest carbon: Implications of asymmetry in climate policy

Ackerman, 2012, Climate risks and carbon prices: revising the social cost of carbon, Econ. Open-Access Open-Assessment E-J., 6 Ackerman, 2010, Fat tails, exponents, extreme uncertainty: simulating catastrophe in DICE, Ecol. Econ., 69, 1657, 10.1016/j.ecolecon.2010.03.013 Azar, 2010, The feasibility of low CO2 concentration targets and the role of bio-energy with carbon capture and storage (BECCS), Clim. Change, 100, 195, 10.1007/s10584-010-9832-7 Betts, 2000, Offset of the potential carbon sink from boreal forestation by decreases in surface albedo, Nature, 408, 187, 10.1038/35041545 Bosetti, 2011, Linking reduced deforestation and a global carbon market: implications for clean energy technology and policy flexibility, Environ. Dev. Econ., 16, 479, 10.1017/S1355770X10000549 Calvin, 2014, Trade-offs of different land and bioenergy policies on the path to achieving climate targets, Clim. Change, 123, 691, 10.1007/s10584-013-0897-y Cherubini, 2011, CO2 emissions from biomass combustion for bioenergy: atmospheric decay and contribution to global warming, GCB Bioenergy, 3, 413, 10.1111/j.1757-1707.2011.01102.x Clark, 2010, 1990 Daigneault, 2012, Economic approach to assess the forest carbon implications of biomass energy, Environ. Sci. Technol., 46, 5664, 10.1021/es2030142 Eriksson, 2015, The role of the forest in an integrated assessment model of the climate and the economy, Clim. Change Econ., 6, 10.1142/S2010007815500116 Eriksson, 2016 Favero, 2014, Using markets for woody biomass energy to sequester carbon in forests, J. Assoc. Environ. Resour. Econ., 1, 75 Favero, 2017, Using forests for climate mitigation: sequester carbon or produce woody biomass?, Clim. Change, 144, 195, 10.1007/s10584-017-2034-9 Fischer, 2012 Fuss, 2013, Optimal mitigation strategies with negative emission technologies and carbon sinks under uncertainty, Clim. Change, 118, 73, 10.1007/s10584-012-0676-1 Golub, 2009, 10 land use modelling in a recursively dynamic GTAP framework, Econ. Anal. Land Use Glob. Clim. Change Policy, 235 Gullison, 2007, Tropical forests and climate policy, Science, 316, 985, 10.1126/science.1136163 Hanemann, 2008 Havlík, 2011, Global land-use implications of first and second generation biofuel targets, Energy Policy, 39, 5690, 10.1016/j.enpol.2010.03.030 Hertel, 2009, 6 analysis of global land use and the potential for greenhouse gas mitigation in agriculture and forestry, Econ. Anal. Land Use Glob. Clim. Change Policy, 10.4324/9780203882962 Humpenöder, 2014, Investigating afforestation and bioenergy CCS as climate change mitigation strategies, Environ. Res. Lett., 9, 064029, 10.1088/1748-9326/9/6/064029 Kallio, 2013, Sequester or substitute – consequences of increased production of wood based energy on the carbon balance in Finland, J. For. Econ., 19, 402 Kindermann, 2008, Global cost estimates of reducing carbon emissions through avoided deforestation, Proc. Natl. Acad. Sci., 105, 10302, 10.1073/pnas.0710616105 Kraxner, 2003, Negative emissions from bioenergy use, carbon capture and sequestration (BECS) – the case of biomass production by sustainable forest management from semi-natural temperate forests, Biomass and Bioenergy, 24, 285, 10.1016/S0961-9534(02)00172-1 Lecocq, 2011, Paying for forest carbon or stimulating fuelwood demand? Insights from the French Forest Sector Model, J. For. Econ., 17, 157 Lundgren, 2013, Assessing the welfare effects of promoting biomass growth and the use of bioenergy, Clim. Change Econ., 4, 10.1142/S2010007813500036 Lundgren, 2008, The economics of biofuels, Int. Rev. Environ. Resour. Econ., 2, 237, 10.1561/101.00000017 McKechnie, 2010, Forest bioenergy or forest carbon? Assessing trade-offs in greenhouse gas mitigation with wood-based fuels, Environ. Sci. Technol., 45, 789, 10.1021/es1024004 Nabuurs, 2007 Nordhaus, 2008 Pindyck, 2013, Climate change policy: what do the models tell us?, J. Econ. Lit., 51, 860, 10.1257/jel.51.3.860 Popp, 2011, The economic potential of bioenergy for climate change mitigation with special attention given to implications for the land system, Environ. Res. Lett., 6, 034017, 10.1088/1748-9326/6/3/034017 Popp, 2012, Additional CO2 emissions from land use change – forest conservation as a precondition for sustainable production of second generation bioenergy, Ecol. Econ., 74, 64, 10.1016/j.ecolecon.2011.11.004 Popp, 2014, Land-use transition for bioenergy and climate stabilization: model comparison of drivers, impacts and interactions with other land use based mitigation options, Clim. Change, 123, 495, 10.1007/s10584-013-0926-x Reilly, 2012, Using land to mitigate climate change: hitting the target, recognizing the trade-offs, Environ. Sci. Technol., 46, 5672, 10.1021/es2034729 Richards, 2004, A review of forest carbon sequestration cost studies: a dozen years of research, Clim. Change, 63, 1, 10.1023/B:CLIM.0000018503.10080.89 Rose, 2012, Land-based mitigation in climate stabilization, Energy Econ., 34, 365, 10.1016/j.eneco.2011.06.004 Searchinger, 2009, Fixing a critical climate accounting error, Science, 326, 527, 10.1126/science.1178797 Sedjo, 2012, Does wood bioenergy increase carbon stocks in forests?, J. For., 110, 304 Smith, 2014 Sohngen, 2009, The role of forestry in carbon sequestration in general equilibrium models, Econ. Anal. Land Use Glob. Clim. Change Policy, 279 Sohngen, 2003, An optimal control model of forest carbon sequestration, Am. J. Agric. Econ., 85, 448, 10.1111/1467-8276.00133 Tavoni, 2007, Forestry and the carbon market response to stabilize climate, Energy Policy, 35, 5346, 10.1016/j.enpol.2006.01.036 Tol, 2009, The economic effects of climate change, J. Econ. Perspect., 23, 29, 10.1257/jep.23.2.29 Van Vuuren, 2013, The role of negative CO2 emissions for reaching 2 °C – insights from integrated assessment modelling, Clim. Change, 118, 15, 10.1007/s10584-012-0680-5 Weitzman, 2010, What is the “damages function” for global warming – and what difference might it make?, Clim. Change Econ., 1, 57, 10.1142/S2010007810000042 Wise, 2009, Implications of limiting CO2 concentrations for land use and energy, Science, 324, 1183, 10.1126/science.1168475