Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths
by
LAWSON Kenton
Title
:
Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths
Publication Date
:
23/03/2017
Description
:
Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths
Overview
The introduction of a carbon price under the proposed Carbon Pollution Reduction Scheme (CPRS) may be effective in promoting afforestation in Australia and contribute to Australia's emissions target through carbon sequestration. Rates of sequestration will depend on the stringency of the emissions reduction target, and hence the level of the carbon price. However, the rate of afforestation arising because of the carbon price may potentially affect the attractiveness of agricultural land use activities in Australia. In general, higher carbon prices are expected to decrease the profitability and attractiveness of other land use activities, such as agriculture, in favour of timber plantations and environmental plantings which generate carbon credits under the CPRS.
ABARE has been commissioned by the Commonwealth Treasury to estimate the potential increase in afforestation activity on agricultural land under four hypothetical scenarios and a reference case. The key assumptions underlying ABARE estimates are described in some detail in this report. Assumptions relating to the cost of investment of afforestation and the area of land available for switching are important determinants of the land use conversion. Afforestation activity is assumed to include the establishment of commercial plantations and environmental plantings between 2007 and 2100.
Resource URL Description
:
0 : Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths - PDF [0.5 MB]
Resource URL
:
1027160
Publisher
:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author
:
LAWSON Kenton
BURNS Kevin
LOW Kah
HEYHOE Edwina
AHAMMAD Helal
Right Management
:
Use constraints: copyright
Other constraints: Licence type:Copyright Commonwealth of Australia 2008
Other constraints:
Other constraints: This publication (and any material sourced from it) should be attributed as: Lawson, K., Burns, K., Low, K., Heyhoe, E. and Ahammad, H., 2008, Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths, Canberra, November 2008
Identifier
:
ISBN 978-1-74323-333-7
Asset Name
:
pb_epfcsd9aafe200811