Permanence discounting for land-based carbon sequestration

Kim, Man-Keun; McCarl, Bruce A.; Murray, Brian C.

doi:10.1016/j.ecolecon.2007.04.013

Cited by 86 publications

(50 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The attractiveness of residue biomass feedstock may be restricted by the high costs of residue supply. Joint projects that employ integrated forest harvesting systems for both timber and forest residue extraction could result in lower costs [68,69] and could potentially reduce the residue extraction costs by as much as 35% [70]. This cost reduction could significantly reduce the costs of GHG offsets in fossil fuel substitution projects and increase the amount of GHG emission offsets available at low price points ($30 t −1 CO 2e and below).…”

Section: Discussionmentioning

confidence: 99%

Renewable Energy from Forest Residues—How Greenhouse Gas Emission Offsets Can Make Fossil Fuel Substitution More Attractive

Yemshanov

McKenney

Hope

et al. 2018

Forests

View full text Add to dashboard Cite

Burning forest biomass from renewable sources has been suggested as a viable strategy to help offset greenhouse gas (GHG) emissions in the energy generation sector. Energy facilities can, in principle, be retrofitted to produce a portion of their energy from biomass. However, supply uncertainties affect costs, and are an important impediment to widespread and sustained adoption of this strategy. In this paper, we describe a general approach to assess the cost of offsetting GHG emissions at co-generation facilities by replacing two common fossil fuels, coal and natural gas, with forest harvest residue biomass for heat and electricity production. We apply the approach to a Canadian case study that identifies the price of GHG offsets that could make the use of forest residue biomass feedstock attractive. Biomass supply costs were based on a geographical assessment of industrial harvest operations in Canadian forests, biomass extraction and transportation costs, and included representation of basic ecological sustainability and technical accessibility constraints. Sensitivity analyses suggest that biomass extraction costs have the largest impact on the costs of GHG emission offsets, followed by fossil fuel prices. In the context of other evaluations of mitigation strategies in the energy generation sector, such as afforestation or industrial carbon capture, this analysis suggests that the substitution of fossil fuels by forest residue biomass could be a viable and reasonably substantive short-term alternative under appropriate GHG emission pricing schemes.

show abstract

Section: Discussionmentioning

confidence: 99%

Renewable Energy from Forest Residues—How Greenhouse Gas Emission Offsets Can Make Fossil Fuel Substitution More Attractive

Yemshanov

McKenney

Hope

et al. 2018

Forests

View full text Add to dashboard Cite

show abstract

“…Following Murray et al (2004), Kim et al (2008), and Kim and McCarl (2009), Equation 1 sets up a price discounting scheme as follows:…”

Section: Additionalitymentioning

confidence: 99%

Sell the Oil Deposits! A Financial Proposal to Keep the Oil Underground in the Yasuni National Park, Ecuador

Bucaram¹,

Fernández²,

Grijalva³

2017

The Political Economy of Clean Energy Transitions

View full text Add to dashboard Cite

show abstract

“…The former include specialised carbon-pooling vehicles, and reinsurance approaches (see Bayon et al, 2007, for a review), while the latter is more concerned with institutional design (e.g. Dutschke, 2002;Kim et al, 2008). Risk management and liability in forestry carbon contracts have also been considered at the aggregate, i.e.…”

Section: Introductionmentioning

confidence: 99%

Life’s a Breach! Ensuring 'Permanence' in Forest Carbon Sinks under Incomplete Contract Enforcement

Palmer¹,

Ohndorf

MacKenzie

2009

SSRN Journal

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. is driven by the quality of the institutional framework in which the contract is executed, in particular, as it relates to contract enforcement. Stronger institutional frameworks tend to distort the seller's effort upwards away from the full enforcement outcome. This also leads to greater amounts of carbon sequestered and higher conditional payments made to the seller. Further, where institutions are strong, there is a case for indexing the payment to the carbon market price if permanence is to be ensured. That is, as the carbon price increases, the payment could be raised and vice versa. Terms of use: Documents inJEL codes: K12; Q15

show abstract

Permanence discounting for land-based carbon sequestration

Cited by 86 publications

References 19 publications

Renewable Energy from Forest Residues—How Greenhouse Gas Emission Offsets Can Make Fossil Fuel Substitution More Attractive

Renewable Energy from Forest Residues—How Greenhouse Gas Emission Offsets Can Make Fossil Fuel Substitution More Attractive

Sell the Oil Deposits! A Financial Proposal to Keep the Oil Underground in the Yasuni National Park, Ecuador

Life’s a Breach! Ensuring 'Permanence' in Forest Carbon Sinks under Incomplete Contract Enforcement

Contact Info

Product

Resources

About