This study conducted an economic analysis of future US forest mitigation potential using a detailed economic model of the global forestry sector. The scenario design included a wide range of possible future carbon price incentives and climate policy structures (unilateral and global mitigation). Results across all scenarios show US forest sector mitigation potential ranging from 54 to 292 MtCO2e between 2015 and 2030 (5 to 47 percent of the additional mitigation needed to achieve the 26 to 28 percent emissions reduction target). The results from this study suggest that the US forest sector can play an important role in global greenhouse gas mitigation efforts, including efforts to meet any potential future US mitigation targets.
Economic analysis of greenhouse gas mitigation potential in the US forest sector
By Justin Baker, Brent Sohngen, Sara Ohrel, Allen Fawcett.
August 2017 Open Access Peer Reviewed
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Baker, J., Sohngen, B., Ohrel, S., & Fawcett, A. (2017). Economic analysis of greenhouse gas mitigation potential in the US forest sector. RTI Press. RTI Press Policy Brief No. PB-0011-1708 https://doi.org/10.3768/rtipress.2017.pb.0011.1708