Optimal Use of Carbon Sequestration in a Global Climate Change Strategy : Is there a Wooden Bridge to a Clean Energy Future?

s. Whether it should be part of a global climate mitigation strategy, however, remains controversial. One of the key issues is that, contrary to emission abatement, carbon sequestration might not be permanent. But some argue that even temporary sequestration is beneficial as it delays climate change impacts and "buys" time for technical change in the energy sector. To rigorously assess these arguments, the authors build an international optimization model in which both sequestration and abatement can be used to mitigate climate change. They confirm that permanent sequestration, if feasible, can be overall part of a climate mitigation strategy. When permanence can be guaranteed, sequestration is equivalent to fossil-fuel emissions abatement. The optimal use of temporary sequestration, on the other hand, depends mostly on marginal damages of climate change. Temporary sequestration projects starting now, in particular, are not attractive if marginal damages of climate change at current concentration levels are assumed to be low.

Bibliographic Details

Main Authors:	Lecocq, Franck, Chomitz, Kenneth
Format:	Policy Research Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2001-07
Subjects:	ABATEMENT, ABATEMENT COST, ABATEMENT COSTS, ABATEMENT POTENTIAL, AGRICULTURAL INTENSIFICATION, AGRICULTURAL LAND, ALTERNATIVE ENERGY, ANTHROPOGENIC EMISSIONS, ATMOSPHERE, ATMOSPHERIC CARBON, ATMOSPHERIC CARBON DIOXIDE, BASELINE EMISSIONS, BIODIVERSITY CONSERVATION, BIOMASS, BUSINESS AS USUAL SCENARIO, CARBON, CARBON CYCLE, CARBON CYCLE MODEL, CARBON DIOXIDE, CARBON DIOXIDE CONCENTRATION, CARBON DIOXIDE EMISSIONS, CARBON PRICE, CARBON RELEASE, CARBON RISES, CARBON SEQUESTRATION, CHEMISTRY, CLEAN ENERGY, CLIMATE POLICY, CO, CO2, CO2 EMISSIONS, COSTS OF CLIMATE CHANGE, DAMAGE FUNCTION, DEEP LAYERS, DEFORESTATION, DIFFUSION, ECONOMIC GROWTH, EMISSION, EMISSION ABATEMENT, EMISSION REDUCTION, EMISSION REDUCTION PROJECT, EMISSIONS, EMISSIONS ABATEMENT, EMISSIONS REDUCTION, EMISSIONS REDUCTIONS, ENERGY SOURCES, EQUILIBRIUM, EXTERNALITIES, FOSSIL FUEL, FOSSIL FUEL COMBUSTION, FUEL, FUEL EMISSION, FUELS, GLOBAL CLIMATE CHANGE, IPCC, LAND USE, MARGINAL ABATEMENT, MARGINAL ABATEMENT COST, MARGINAL ABATEMENT COSTS, MARGINAL COST, MARGINAL COSTS, MITIGATING CLIMATE CHANGE, OCEANS, OPPORTUNITY COSTS, OPTIMIZATION MODEL, OSCILLATIONS, PRODUCTIVITY, PROGRAMS, REDUCTION IN EMISSIONS, RESERVOIRS, SHADOW PRICE, SHADOW PRICES, SOIL, SOILS, STABILIZATION, SURFACE TEMPERATURE, TIMBER, TRANSPORTATION SYSTEM, TROPICAL DEFORESTATION, TROPICAL FOREST, WATERSHED,
Online Access:	http://documents.worldbank.org/curated/en/2001/07/1551997/optimal-use-carbon-sequestration-global-climate-change-strategy-wooden-bridge-clean-energy-future http://hdl.handle.net/10986/19580
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