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Carbon Credits for Avoided Deforestation

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  • Sedjo, Roger A.

    (Resources for the Future)

  • Sohngen, Brent

Abstract

Several important issues need to be addressed to make avoided deforestation (AD) a feasible option for climate change policy. Traditional questions associated with land-based sequestration options have largely been discussed in terms of project-based approaches to carbon sequestration. For country-level commitments these concepts remain important, but we argue in this paper that they can and should be addressed differently. In order to address AD, it is useful to begin by outlining the international climate control regimes under which AD could be included as an option. Two general alternatives are discussed - an arrangement that is a linear extension of the current Kyoto Protocol but that involves more countries with specific emission reduction targets, and an alternative expanded arrangement that requires that essentially all countries have greenhouse gas emission targets. We consider how AD would fit into these two general types of international agreements and address questions related to baselines, additionality, permanence, and leakage. We conclude that the key issues related to including deforestation in either of these arrangements revolve around measuring, monitoring (e.g., additionality), and the development of efficient incentives by countries to alter their land-use regimes.

Suggested Citation

  • Sedjo, Roger A. & Sohngen, Brent, 2007. "Carbon Credits for Avoided Deforestation," RFF Working Paper Series dp-07-47, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-07-47
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    File URL: http://www.rff.org/RFF/documents/RFF-DP-07-47.pdf
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    References listed on IDEAS

    as
    1. Tavoni, Massimo & Sohngen, Brent & Bosetti, Valentina, 2007. "Forestry and the carbon market response to stabilize climate," Energy Policy, Elsevier, vol. 35(11), pages 5346-5353, November.
    2. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, January.
    3. Brent Sohngen and Roger Sedjo, 2006. "Carbon Sequestration in Global Forests Under Different Carbon Price Regimes," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 109-126.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    avoided deforestation; carbon; sequestration; credits; climate; warming;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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