2003
DOI: 10.1111/1467-8276.00133
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An Optimal Control Model of Forest Carbon Sequestration

Abstract: This study develops an optimal control model of carbon sequestration and energy abatement to explore the potential role of forests in greenhouse gas mitigation. The article shows that if carbon accumulates in the atmosphere, the rental price for carbon sequestration should rise over time. From an empirical model, we find that carbon sequestration is costly, but that landowners can sequester substantial amounts of carbon in forests mainly by increasing forestland and lengthening rotations. Forest sequestration … Show more

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Cited by 315 publications
(241 citation statements)
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References 17 publications
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“…Through the soft link of the economic model WITCH (Bosetti et al 2006;) and the forestry model GTM (Sohngen et al 1999;Sohngen and Sedjo 2000;Sohngen and Mendelsohn 2003;Daigneault, et al 2012) we analyse, in a dynamic framework, the demand for biomass from WITCH along with the supply of biomass from GTM. A BAU scenario is contrasted with three mitigation strategies that would lead to radiative forcing of 3.7 W/m 2 , 3.2 W/m 2 and 2.5 W/m 2 in 2100.…”
Section: Discussionmentioning
confidence: 99%
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“…Through the soft link of the economic model WITCH (Bosetti et al 2006;) and the forestry model GTM (Sohngen et al 1999;Sohngen and Sedjo 2000;Sohngen and Mendelsohn 2003;Daigneault, et al 2012) we analyse, in a dynamic framework, the demand for biomass from WITCH along with the supply of biomass from GTM. A BAU scenario is contrasted with three mitigation strategies that would lead to radiative forcing of 3.7 W/m 2 , 3.2 W/m 2 and 2.5 W/m 2 in 2100.…”
Section: Discussionmentioning
confidence: 99%
“…In this section, we present the economic model WITCH (Bosetti et al 2006; and the forestry model GTM (Sohngen et al 1999;Sohngen and Sedjo 2000;Sohngen and Mendelsohn 2003;Daigneault et al 2012) that have been used for this analysis. We then describe the soft-link and the assumptions behind both models.…”
Section: Modelsmentioning
confidence: 99%
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“…To accomplish this, we used the global land use model in Sohngen and Mendelsohn (2003). The 2003 version of the model was linked to the DICE (Dynamic Integrated Climate Economy) model (Nordhaus and Boyer 2000).…”
Section: Integration With Dynamic Forest and Land Use Modelmentioning
confidence: 99%