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Carbon‐accounting methods and reforestation incentives
Author(s) -
Cacho Oscar J.,
Hean Robyn L.,
Wise Russell M.
Publication year - 2003
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/1467-8489.00208
Subject(s) - reforestation , greenhouse gas , carbon offset , carbon accounting , incentive , carbon sequestration , natural resource economics , carbon credit , climate change , context (archaeology) , accounting method , offset (computer science) , normative , kyoto protocol , business , transaction cost , carbon dioxide , environmental economics , environmental science , accounting , economics , agroforestry , geography , finance , political science , computer science , ecology , archaeology , law , programming language , biology , microeconomics
The emission of greenhouse gases, particularly carbon dioxide, and the consequent potential for climate change are the focus of increasing international concern. Temporary land‐use change and forestry projects (LUCF) can be implemented to offset permanent emissions of carbon dioxide from the energy sector. Several approaches to accounting for carbon sequestration in LUCF projects have been proposed. In the present paper, the economic implications of adopting four of these approaches are evaluated in a normative context. The analysis is based on simulation of Australian farm–forestry systems. Results are interpreted from the standpoint of both investors and landholders. The role of baselines and transaction costs are discussed.