The Time Path and Implementation of Carbon Sequestration

Posted: 1 Jun 2002

See all articles by Hongli Feng

Hongli Feng

Iowa State University - Center for Agriculture and Rural Development (CARD)

Jinhua Zhao

Michigan State University

Catherine L. Kling

Iowa State University - Center for Agriculture and Rural Development (CARD)

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Abstract

We develop a dynamic model to investigate the optimal time paths of carbon emissions, sequestration, and the carbon stock. We show that carbon sinks should be utilized as early as possible, and carbon flow into sinks should last until the atmospheric carbon concentration is stabilized. We rule out any cyclical patterns of carbon sequestration and release. We propose and assess three mechanisms to efficiently introduce sequestration into a carbon permit trading market: a pay-as-you-go system, a variable-length-contract system and a carbon annuity account system. Although the three mechanisms may not be equally feasible to implement, they are all efficient.

Suggested Citation

Feng, Hongli and Zhao, Jinhua and Kling, Catherine L., The Time Path and Implementation of Carbon Sequestration. Available at SSRN: https://ssrn.com/abstract=308796

Hongli Feng (Contact Author)

Iowa State University - Center for Agriculture and Rural Development (CARD) ( email )

Ames, IA 50011
United States

Jinhua Zhao

Michigan State University ( email )

Department of Economics
Department of Ag., Food and Resource Economics
East Lansing, MI 48824
United States

HOME PAGE: http://www.msu.edu/~jzhao

Catherine L. Kling

Iowa State University - Center for Agriculture and Rural Development (CARD) ( email )

Ames, IA 50011
United States

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