Rautiainen, A.; et al. (2018): Market-Level Implications of Regulating Forest Carbon Storage and Albedo for Climate Change Mitigation
Rautiainen, A.; Lintunen, J.; Uusivuori, J. (2018): Market-Level Implications of Regulating Forest Carbon Storage and Albedo for Climate Change Mitigation. In: Agric. Resour. Econom. Rev. 26, S. 1–33. DOI: 10.1017/age.2018.8.
„We numerically assess the policy’s market-level impacts on land allocation, harvests, and climate forcing, and evaluate how parameter choices (albedo strength, productivity of forest land, and carbon and albedo prices) affect the outcomes. Carbon pricing alone leads to an overprovision of climate benefits at the expense of food and timber production. Complementing the policy with albedo pricing reduces these welfare losses.“