Carbon Sequestration and N-Shaped Environmental Kuznets Curves: Evidence from International Land Use Change

35 Pages Posted: 9 Oct 2019

See all articles by Timothy Terrell

Timothy Terrell

Wofford College; Mises Institute

Date Written: September 28, 2019

Abstract

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

Terrell, Timothy, Carbon Sequestration and N-Shaped Environmental Kuznets Curves: Evidence from International Land Use Change (September 28, 2019). Available at SSRN: https://ssrn.com/abstract=3461033 or http://dx.doi.org/10.2139/ssrn.3461033

Timothy Terrell (Contact Author)

Wofford College ( email )

429 N. Church St.
Spartanburg, SC 29303-3663
United States

HOME PAGE: http://www.wofford.edu

Mises Institute ( email )

Auburn, AL
United States

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