TY - JOUR
T1 - A global analysis of the break-even prices to reduce atmospheric carbon dioxide via forest plantation and avoided deforestation
AU - Chu, Long
AU - Grafton, Quentin
AU - Nguyen, Hai
PY - 2022
Y1 - 2022
N2 - A cross-country assessment of the cost of carbon sequestration in the forest sector is needed for planning and achieving climate commitments, such as the Paris Agreement, at global, regional, national, or sectoral scales. We provide a global and bottom-up assessment of the break-even carbon price to undertake forest plantation and forest conservation at a country level for 166 nations. We construct a global dataset of key cost factors, examine their global distributions, and undertake a cross-country assessment of cost differences with alternative forest programs (plantation and conservation). Our bottom-up approach is also calibrated to sub-national case studies to investigate the average cost of forest carbon in Australian states and Canadian provinces. We find that the break-even carbon price varies by countries, locations within a country, forest programs and co-benefits. Our estimates provide an approximation of the cost-effectiveness of forest carbon sequestration relative to non-forest climate mitigation approaches.
AB - A cross-country assessment of the cost of carbon sequestration in the forest sector is needed for planning and achieving climate commitments, such as the Paris Agreement, at global, regional, national, or sectoral scales. We provide a global and bottom-up assessment of the break-even carbon price to undertake forest plantation and forest conservation at a country level for 166 nations. We construct a global dataset of key cost factors, examine their global distributions, and undertake a cross-country assessment of cost differences with alternative forest programs (plantation and conservation). Our bottom-up approach is also calibrated to sub-national case studies to investigate the average cost of forest carbon in Australian states and Canadian provinces. We find that the break-even carbon price varies by countries, locations within a country, forest programs and co-benefits. Our estimates provide an approximation of the cost-effectiveness of forest carbon sequestration relative to non-forest climate mitigation approaches.
U2 - 10.1016/j.forpol.2021.102666
DO - 10.1016/j.forpol.2021.102666
M3 - Article
SN - 1389-9341
VL - 135
SP - 14pp
JO - Forest Policy and Economics
JF - Forest Policy and Economics
ER -