Journal article
A global analysis of the break-even prices to reduce atmospheric carbon dioxide via forest plantation and avoided deforestation
Forest Policy and Economics, Vol.135, Art. 102666
2022
Abstract
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.
Details
- Title
- A global analysis of the break-even prices to reduce atmospheric carbon dioxide via forest plantation and avoided deforestation
- Authors/Creators
- L. Chu (Author/Creator) - Australian National UniversityR.Q. Grafton (Author/Creator) - Australian National UniversityH. Nguyen (Author/Creator) - Murdoch University
- Publication Details
- Forest Policy and Economics, Vol.135, Art. 102666
- Publisher
- Elsevier BV
- Identifiers
- 991005542995707891
- Copyright
- © 2021 The Author(s).
- Murdoch Affiliation
- College of Science, Health, Engineering and Education
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
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- Citation topics
- 3 Agriculture, Environment & Ecology
- 3.40 Forestry
- 3.40.627 Forest Conservation
- Web Of Science research areas
- Economics
- Environmental Studies
- Forestry
- ESI research areas
- Plant & Animal Science