An Optimal Control Model of Forest Carbon Sequestration

10 Pages Posted: 31 Mar 2020

See all articles by Brent Sohngen

Brent Sohngen

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics

Robert Mendelsohn

Royal & Sun Alliance

Date Written: May 2003

Abstract

This study develops an optimal control model of carbon sequestration and energy abatement to explore the potential role of forests in greenhouse gas mitigation. The article shows that if carbon accumulates in the atmosphere, the rental price for carbon sequestration should rise over time. From an empirical model, we find that carbon sequestration is costly, but that landowners can sequester substantial amounts of carbon in forests mainly by increasing forestland and lengthening rotations. Forest sequestration is predicted to account for about one‐third of total carbon abatement. Tropical forests store over two‐thirds of this added carbon.

Keywords: carbon sequestration, climate change, forestry, optimal control

Suggested Citation

Sohngen, Brent L. and Mendelsohn, Robert, An Optimal Control Model of Forest Carbon Sequestration (May 2003). American Journal of Agricultural Economics, Vol. 85, Issue 2, pp. 448-457, 2003, Available at SSRN: https://ssrn.com/abstract=3564597 or http://dx.doi.org/10.1111/1467-8276.00133

Brent L. Sohngen (Contact Author)

Ohio State University (OSU) - Department of Agricultural, Environmental & Development Economics ( email )

2120 Fyffe Rd
Ag Admin
Columbus, OH 43210-1067
United States

Robert Mendelsohn

Royal & Sun Alliance

Level 23
2 Market Street
Sydney NSW 2000
Australia

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