Banner for LabNotes
From Lab Notes
Contact Information
Forest Products Laboratory
One Gifford Pinchot Drive
Madison, WI 53726-2398
Phone: (608) 231-9200
Fax: (608) 231-9592
Email

 

You are here: FPL Home  / Information Products & Services  / Publications

Requested Product

Title: Forest carbon benefits, costs and leakage effects of carbon reserve scenarios in the United States

Source: Journal of Forest Economics, Volume 19, 2013; pp. 286-306.

Author(s)Nepal, Prakash; Ince, Peter J.; Skog, Kenneth E.; Chang, Sun J.

Publication Year: 2013  View PDF »

Category: Journal Articles
Associated Research Project(s):   FPL-4851-3B

Abstract: This study evaluated the potential effectiveness of future carbon reserve scenarios, where U.S. forest landowners would hypothetically be paid to sequester carbon on their timberland and forego timber harvests for 100 years. Scenarios featured direct payments to landowners of $0 (baseline), $5, $10, or $15 per metric ton of additional forest carbon sequestered on the set aside lands, with maximum annual expenditures of $3 billion. Results indicated that from 1513 to 6837 Tg (Teragrams) of additional carbon (as carbondioxide equivalent, CO2e) would be sequestered on U.S. timber-lands relative to the baseline case over the next 50 years (30–137Tg CO2e annually). These projected amounts of sequestered carbon on timberlands take into account projected increases in timber removal and forest carbon losses on other timberlands (carbonleakage effects). Net effectiveness of carbon reserve scenarios interms of overall net gain in timberland carbon stocks from 2010to 2060 ranged from 0.29 tCO2e net carbon increase for a paymentof $5/tCO2e to the landowner (71% leakage), to 0.15 tCO2e net carbon increase for a payment of $15/tCO2e to the landowner (85%leakage). A policy or program to buy carbon credits from landowners would need to discount additions to the carbon reserve by the estimated amount of leakage. In the scenarios evaluated, the timber set-asides reduced timberland area available for harvest up to 35%and available timber inventory up to 55%, relative to the baseline scenario over the next 50 years, resulting in projected changes in timber prices, harvest levels, and forest product revenues for the forest products sector.

Keywords: Forest carbon; Carbon reserve; Carbon price; Carbon leakage; Climate change mitigation; Mitigation cost; Present value; Set asides

Publication Review Process: Formally Refereed

File size: 817 kb(s)

Date posted: 09/06/2013

This publication is also viewable on Treesearch:  view
RITS Product ID: 65066
Current FPL Scientist associated with this product
Skog, Kenneth E.
Supervisory Research Forester
  

Additional items that might interest you
View the video celebrating FPL's 100 years of public service in 2010, from the producers of the Greatest Good....view

Research Highlights from FPL....view

Termite Eradication: A search for the Holy Grail.... view

Moisture Management in Residential Construction Series videos...view

Wood Floor Systems in Residential Construction Series videos....view
- FPL's Mission and Strategic Plan -

FPL's mission is to identify and conduct innovative wood and fiber utilization research that contributes to conservation and productivity of the forest resource, thereby sustaining forests, the economy, and quality of life. ... ..more »

- FPL Research Emphasis Areas -
Advanced Composites

As an integral part of the FPL mission, we improve the long-term sustainability of our Nation's forests by creating valuable composite products from biobased materials ... ..more »


Advanced Structures

The FPL has been in the forefront of wood-frame housing research since 1910 and has long been recognized as a world leader in such housing-related areas as engineered wood ... ..more »


Forest Biorefinery

We all know the compelling reasons that the United States needs to reduce its dependence on fossil fuels. Historically, the greatest increases in energy demand have been for transportation fuels ... ..more »


Nanotechnology

A leader in wood products research for over a century, the FPL is positioning itself to become the lead Federal research facility for the application of nanotechnology in forest products ... more »


Woody Biomass Utilization

Forests in the United States contain a substantial amount of small-diameter, overstocked, and underutilized material.FPL research projects are exploring the potential of the small-diameter ... ..more »