Global potential for carbon sequestration: Geographical distribution, country risk and policy implications

Benítez, Pablo C.; McCallum, Ian; Obersteiner, Michael; Yamagata, Yoshiki

doi:10.1016/j.ecolecon.2005.12.015

Cited by 101 publications

(51 citation statements)

References 23 publications

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“…Secondly, more forested lands have been declared as conservation areas, forest recreation areas and parks, and more trees have been planted in cities and towns. Finally, with rapid economic development, more people (particularly those who live in rural areas) use less wood as fuel, thus more fuel forests are transferred into commercial or protection forests (Benitez et al 2007;Huang et al 2009). We expect that forest structures will continue to be adjusted, and more broadleaved forests will be grown in the province.…”

Section: Discussionmentioning

confidence: 99%

Potential for forest vegetation carbon storage in Fujian Province, China, determined from forest inventories

et al. 2011

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Carbon storage in forest vegetation of Fujian Province plays a significant role in the terrestrial carbon budget in China. The purposes of this study are: (1) to evaluate how the afforestation and reforestation programs established in Fujian Province influence carbon storage in forest ecosystems; (2) to assess the influence of tree species, forest age and ownership changes on vegetation carbon storage; and (3) 84 Tg C over the study period. Carbon storage varied with dominant forest species, forest age and forest ownership, suggesting that increases in vegetation carbon potentials can be achieved through selection of forest species and management of age structures. Implementation of afforestation and reforestation programs in Fujian Province over the past three decades Plant Soil (2011) 345:125-140

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Section: Discussionmentioning

confidence: 99%

Potential for forest vegetation carbon storage in Fujian Province, China, determined from forest inventories

et al. 2011

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“…The first contribution is to develop a theoretical framework within which the comparative statics of sequestration and permit trading may be jointly analyzed in the context of a competitive fringe model. An empirically based motivation for developing this framework is provided by Benitez, et al (2007), who find that low-cost sequestration sites are mainly located in regions such as Sub-Saharan Africa, southeastern Brazil, and Southeast Asia. This suggests that the equilibrium emerging in a regional or global sequestration market may be governed more by the interplay of a dominant firm (e.g., public land owned by a specific region or nation) and a competitive fringe (e.g., private land owned by U.S. farmers) than by perfect competition within a given nation (as assumed by Stavins,1999, andLubowski, et al, 2006).…”

Section: Summary and Discussionmentioning

confidence: 99%

“…Since then, permit-trading research has attempted to quantify the extent to which monopoly and monopsony power 1 With respect to country-specific studies, see Stavins (1999) and Lubowski, et al (2006) for the US, Xu (1995) for China, Fearnside (1995) for Brazil, Ravindranath and Somashekhar (1995) for India, de Jong, et al (2000) for Mexico, and Sedjo (1999) for Argentina. See Benitez, et al (2007) and Sohngen and Sedjo (2004) for estimates of global supply. 2 Reforestation is not the only form that carbon sequestration can conceivably take.…”

Section: Introductionmentioning

confidence: 99%

“…Brazil, for its part, could potentially act as a dominant firm due to its relatively low marginal costs of sequestration (associated with existing reforestation opportunities on vast tracts of public land (Benitez, et al, 2007)). US farmers would in turn act as a competitive fringe due to their relatively high marginal costs of sequestration (associated with existing opportunity costs for alternative private land uses (Lubowski, et al, 2006)).…”

Section: Introductionmentioning

confidence: 99%

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Carbon sequestration and permit trading on the competitive fringe

Caplan¹

2011

Economic Modelling

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This paper makes two contributions to the carbon-sequestration policy literature. First and foremost, we develop a theoretical framework in which sequestration and permittrading markets are analyzed jointly in the context of a competitive fringe model. Our framework formalizes the linkage between regulatory policy changes (as they manifest themselves in the permit market) and subsequent equilibrium allocations in the sequestration market. Second, we perform a numerical analysis demonstrating the role market structure, or market power, might play in the determination of the equilibrium sequestration allocation and carbon price. Both our analytical and numerical results demonstrate the importance of incorporating into empirical supply-side models demandside information that is reflective of an underlying market structure. 2 IntroductionThe main focus of carbon sequestration research has thus far been the empirical estimation of supply functions, both for specific countries and globally.1 Although the supply estimates themselves vary, the general opinion emerging from this literature is that scope exists for cost-effective policies fostering both the curtailment of deforestation and promotion of reforestation in support of carbon sequestration at national, regional, and international levels. 2 What has not yet been considered in this analysis, however, is the role that market structure, or market power, might play in the determination of an equilibrium sequestration allocation. This paper is a first attempt at characterizing the role of market structure in the context of a carbon sequestration model that alsoincorporates an existing permit-trading market, and is thus in keeping with the multiinstrument policies promulgated in recent international climate-change agreements spurred by the Kyoto Protocol (UNFCCC, 1998).A similar issue was faced roughly 20 years ago with respect to permit trading, when Hahn's (1984) seminal article demonstrated the importance of market power in determining an equilibrium outcome. Hahn's principle result was that if a single firm with market power purchases(sells) permits in an otherwise competitive market it will behave as a monopsonist(monopolist). Thus, the degree of market inefficiency is systematically related to the initial distribution of the permits. Since then, permit-trading research has attempted to quantify the extent to which monopoly and monopsony power 1 With respect to country-specific studies, see Stavins (1999) andLubowski, et al. (2006) for the US, Xu (1995) for China, Fearnside (1995) for Brazil, Ravindranath and Somashekhar (1995) for India, de Jong, et al. (2000) for Mexico, and Sedjo (1999) for Argentina. See Benitez, et al. (2007) and Sohngen and Sedjo (2004) 3 influence the trading equilibrium, most notably in the field of experimental economics using auction-type environments. 3 Contrary to these earlier works, which assume the existence of monopoly and monopsony power, we develop a competitive fringe model of carbon sequestration in the presence of ...

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“…This is suggestive of how to understand the phenomenon of foreign debt default. There are many studies related to country risk, its financial integration in a coun try, the impact on economic and other aspects of country's welfare (Cathy, Goldberg 2009;Kesternich, Schnitzer 2010;Benítez et al 2007;Bordo et al 2009;D' Argensio, Laurin 2009). …”

Section: Definitions Of Country Riskmentioning

confidence: 99%

Comparison of Country Risk, Sustainability and Economic Safety Indices

Stankevičienė

Sviderskė

Miečinskienė

2014

Business: Theory and Practice

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Abstract. Country risk, sustainability an economic safety are becoming more important in the contemporary economic world. The aim of this paper is to present the importance of comparison formalisation of country risk, sustainability, and economic safety indices for strategic alignment. The work provides an analysis on the relationship between country risk, sustainability an economic safety in EU countries, based on statistical data. Investigations and calculations of rankings provided by Euromoney Country Risk Index, European Economic Sustainability Index as well as for Economic Security Index were made and the results of EU country ranking based on three criteria were provided. Furthermore, the data for the Baltic States was summarised and the corresponding index of consistency for random judgments was evaluated.Keywords: country risk, sustainability, economic safety, EU region. Santrauka. Šalies rizikos, tvarumo ir ekonominio saugumo įvertinimas tampa vis labiau svarbus šiuolaikiniame ekonominiame pasaulyje. Šio straipsnio tikslas -formalizuoti šalies rizikos, tvarumo ir ekonominio saugumo rodiklių palyginimo procesą siekiant strateginių tikslų. Straipsnyje analizuojamas sąryšis tarp šalies rizikos, tvarumo ir ekonominio saugumo ES šalyse re miantis statistiniais duomenimis. Tiriamas ir skaičiuojamas šalių rangavimas pagal Euromoney šalies rizikos indeksą, Europos ekonomikos tvarumo indeksą, taip pat pagal Ekonominio saugumo indeksą. Pateikiamas apibendrintas reitingavimas pagal tris kriterijus. Be to, Baltijos šalių duomenys yra atskirai išanalizuoti ir apibendrinti. JELReikšminiai žodžiai: šalies rizika, tvarumas, ekonomimis saugumas, ES regionas.2014 15(1): 1-10

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Global potential for carbon sequestration: Geographical distribution, country risk and policy implications

Cited by 101 publications

References 23 publications

Potential for forest vegetation carbon storage in Fujian Province, China, determined from forest inventories

Potential for forest vegetation carbon storage in Fujian Province, China, determined from forest inventories

Carbon sequestration and permit trading on the competitive fringe

Comparison of Country Risk, Sustainability and Economic Safety Indices

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