Incentivizing both sequestration and avoidance of emissions— using a carbon rental or carbon tax and subsidy approach — versus only a carbon tax encourages protection of natural forests by valuing the standing stock, according to a new study led by Georgia Institute of Technology.
Fires ravaging the Amazon rainforests and global climate strikes have highlighted the need for global action to mitigate climate change and conserve forests. Though the situation can seem dire at times, there is good news from a study published in the Proceedings of the National Academy of Sciences. Carbon payments do protect forests and represent one solution to reversing the trend of global deforestation.
The annual meeting of the Association of Environmental and Resource Economists (AERE) will be held at The Banff Centre in Alberta, Canada from June 6-8, 2013. AEDE will have a strong presence at the gathering with a number of faculty and students participating.
Every four years the U.S. federal government commissions the U.S. National Climate Assessment report to examine the effects of climate change on the environment, agriculture, energy production and use, land and water resources, human health and welfare, and biological diversity. The final product is delivered to the President and Congress. AEDE’s Professor Brent Sohngen is serving as a co-author for the forestry chapter of this year's report.