Dhr. P.C. Benítez-Ponce, MSc : Essays on the Economics of Forestry-Based Carbon Mitigation

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11 Feb 2005 16:00
Unit: Wageningen University
Location: Aula (gebouw 362), Gen. Foulkesweg 1, Wageningen
Promotor: prof.dr. H. Folmer (General Economics)
Co Promotor: Dr. R. Olschewski (Georg-August-University, Göttingen, Duitsland)

 Global warming is perceived as a major environmental concern threatening future welfare. The Kyoto Protocol, which will enter into force by February 2005, aims at greenhouse gas mitigation and allows using forests for carbon removal. This thesis analyses the costs of forestry-based carbon sequestration at regional and global levels and evaluates how risks influence carbon mitigation costs. Policy implications are: (1) Natural regeneration of secondary forests is a cost-efficient activity for carbon sequestration and should be included as part of the Clean Development Mechanism of the Kyoto Protocol. (2) Country-risk is a relevant factor to be considered in climate change mitigation assessments. When accounting for country risk ? associated with political, economic and financial risks ? the potential carbon sequestration at a global level is reduced by more than half. (3) Potential carbon sequestration through afforestation ranges from 5% to 25% of the emission reduction targets of different policy scenarios for stabilization of atmospheric greenhouse gas concentrations, and therefore is relevant in a global context. (4) Policies aiming at forest conservation and carbon removal could be efficient by combining payments for ecosystem services with risk-hedging strategies.
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