Carbon Sequestration and N-Shaped Environmental Kuznets Curves: Evidence from International Land Use Change
35 Pages Posted: 9 Oct 2019
Date Written: September 28, 2019
For relevant levels of income, additional economic growth can affect land use change to sequester carbon and mitigate the impact of carbon emissions. Data on land use and land cover change (LULCC) for 14 countries reveal an N-shaped environmental Kuznets curve (EKC) for LULCC carbon flux to the atmosphere in some nations, while others display very different relationships. All but one nation display initial turning points ranging from $2,000 to $9,000 per capita GDP (2011 dollars), and half are now net negative carbon emitters with respect to LULCC. For the US, regression analysis of the LULCC EKC indicates an N-shaped cubic EKC function, with a projected decline of 5.86 TgC in CO2 flux from LULCC for a hypothetical 2 percent real increase from 2018’s $62,853 per capita GDP to 2019.
Keywords: Carbon, Environmental Kuznets Curve, Forestry, Land Use
JEL Classification: Q23, Q24, Q54, Q56
Suggested Citation: Suggested Citation