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| Author: | Lubowski, R.N. Plantinga, A.J. Stavins, R.N. |
| Title: | Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function |
| Journal: | Journal of Environmental Economics and Management
2006 : MAR, VOL. 51:2, p. 135-152 |
| Index terms: | USA climate change land use models |
| Freeterms: | carbon sequestration |
| Language: | eng |
| Abstract: | This paper explores the cost of forest-based carbon sequestration by analyzing econometrically micro-data on revealed landowner preferences, modeling six major private land uses in a comprehensive analysis of the contiguous United States (U.S.) The econometric estimates are used to simulate landowner responses to sequestration policies. The estimated sequestration costs exceed those from previous engineering cost analyses and sectoral optimization models. The estimated sequestration supply function is similar to the carbon abatement supply function from energy-based analyses, suggesting that forest-based carbon sequestration merits consideration in a cost-effective portfolio of domestic U.S. climate change strategies. |
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