Policy to Encourage Carbon Sequestration in Plantation Forests

75 Pages Posted: 18 Apr 2006

See all articles by Suzi Kerr

Suzi Kerr

Motu Economic and Public Policy Research Trust

Ralph Chapman

Maarama Consulting Ltd.

Emma C. Brunton

Motu Economic and Public Policy Research

Date Written: June 2004

Abstract

Carbon sequestration in plantation forests provides the main means by which New Zealand will meet its international climate change obligations in the first commitment period of the Kyoto Protocol (2008-2012). However, without active policy, forests are unlikely to contribute as much in subsequent commitment periods. This research paper provides the background for examining policy measures for encouraging carbon sequestration in plantation forests in New Zealand. Part I focuses on providing factual information and positive analysis of: key domestic and international regulations; information on New Zealand forests, the forestry industry and forest profitability; discussion of land-use decision making, including the central question of what influences conversion of farmland to forestry; and forest carbon ecology. Part II moves on to normative analysis of policy design. It discusses how including considerations of the value of carbon sequestration and storage changes optimal land-use behaviour, and outlines key issues that need to be addressed when developing a policy to encourage sequestration and storage in a pragmatic way. Finally, the paper identifies a number of key areas where we need more information before we can make well-informed choices about policy design. Future work will endeavour to identify and evaluate policies that would effectively encourage sequestration.

Keywords: climate, forest, carbon sequestration, policy, New Zealand, Kyoto

JEL Classification: Q25, Q28

Suggested Citation

Kerr, Suzi and Chapman, Ralph and Brunton, Emma C., Policy to Encourage Carbon Sequestration in Plantation Forests (June 2004). Available at SSRN: https://ssrn.com/abstract=896022 or http://dx.doi.org/10.2139/ssrn.896022

Suzi Kerr (Contact Author)

Motu Economic and Public Policy Research Trust ( email )

Level 1, 93 Cuba Street
P.O. Box 24390
Wellington, 6142
New Zealand
+64 4 383 4250 (Phone)
+64 4 383 4270 (Fax)

Ralph Chapman

Maarama Consulting Ltd. ( email )

Emma C. Brunton

Motu Economic and Public Policy Research ( email )

Level 1, 93 Cuba Street
PO Box 24390
Wellington
New Zealand

HOME PAGE: www.motu.org.nz

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