Parisa et al. (2022): The time value of carbon storage
Zack Parisa, Eric Marland, Brent Sohngen, Gregg Marland, Jennifer Jenkins IN: Forest Policy and Economics Vol. 144, 102840, https://doi.org/10.1016/j.forpol.2022.102840
Yet to date, the full potential of natural systems to store carbon has not been leveraged because policymakers have required long-term contracts to compensate for permanence concerns, and these long-term contracts substantially raise costs and limit deployment. In this paper, the authors lay out the rationale that their time preference for early action leads to the conclusion that multiple tons of short-term storage of carbon in ecosystem stocks can be considered to have equal value – as measured by the social cost of carbon – as 1 ton of carbon sequestered permanently.