The Dynamics of Negative Carbon Emissions: The Case of Forestry

Henry George School of Social Science: New Voices in Economics

25 Pages Posted: 13 Apr 2018

See all articles by Erin Hayde

Erin Hayde

World Bank Group; The New School - Department of Economics

Willi Semmler

The New School - Department of Economics; Universitaet Bielefeld; IIASA

Date Written: February 16, 2018

Abstract

This paper examines the dynamic interactions between forest biomass, atmospheric carbon, and land use change. These three factors are modeled using a dynamic system model as state equations while the policymaker decides the optimal timber harvesting and deforestation quantities. An extension of the model with a tax on forest products and a revenue recycling mechanism is included as well. As forests are suggested as potential climate change mitigation tools to reach net negative emissions due to their function as carbon sinks, examinations into this dynamic relationship are of increasing importance. This investigative line can shed light on how to sustainably manage forests in the context of climate change, as well as indicate forests’ role in atmospheric carbon dioxide removal, and there are multiple opportunities for extension of its application.

Keywords: dynamic system, negative carbon emissions, forestry, carbon sink, deforestation, fiscal policy

Suggested Citation

Hayde, Erin and Semmler, Willi, The Dynamics of Negative Carbon Emissions: The Case of Forestry (February 16, 2018). Henry George School of Social Science: New Voices in Economics. Available at SSRN: https://ssrn.com/abstract=3153017 or http://dx.doi.org/10.2139/ssrn.3153017

Erin Hayde (Contact Author)

World Bank Group ( email )

1818 H St NW
Washington, D.C., DC 20433
United States

The New School - Department of Economics ( email )

Room 1116
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New York, NY 10003
United States

Willi Semmler

The New School - Department of Economics ( email )

65 Fifth Avenue
New York, NY 10003
United States

HOME PAGE: http://www.newschool.edu/nssr/faculty/?id=4e54-6b79-4e41-3d3d

Universitaet Bielefeld ( email )

Universitätsstraße 25
Bielefeld, NRW
Germany

IIASA ( email )

Schlossplatz 1
Laxenburg/Austria, A-2361
Austria

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