Deriving site-specific and time-varying supply curves for forest carbon storage

We examine whether site-specific and time-varying supply functions for environmental benefits can be used to improve the design of conservation programs. We derive time-varying supply curves for site-specific forest carbon storage at the one-km 2 pixel level for three periods for the southern Appala...

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Bibliographic Details
Published in:Journal of environmental planning and management 2020-10, Vol.63 (12), p.2144-2162
Main Authors: Cho, Seong-Hoon, Ayara, Amine Ben, Lambert, Dayton M., Clark, Christopher D., Chen, Guangsheng, Hayes, Daniel J., Sharma, Bijay P.
Format: Article
Language:English
Subjects:
Asymmetric information
Carbon
Carbon sequestration
Computer simulation
Cost analysis
Costs
Design improvements
forest carbon storage
Forests
Land use
payment for ecosystem services
Sequestering
Simulation
spatially targeting payments
Storage
supply curves
temporal heterogeneity
Time
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Summary:We examine whether site-specific and time-varying supply functions for environmental benefits can be used to improve the design of conservation programs. We derive time-varying supply curves for site-specific forest carbon storage at the one-km 2 pixel level for three periods for the southern Appalachian region of the United States. We couple a land use model with a carbon simulation model to estimate the opportunity cost of sequestering forest carbon and derive supply curves for forest carbon storage for the three periods. Our study derives a large number of annual supply curves for site-specific forest carbon storage across multiple periods. Our approach signifies the value of identifying cost-effective approaches at a fine enough scale to account for the information asymmetry between private landowner costs and their benefits from potential land uses. The temporal aspect of our findings raise important questions about temporal flexibilities of payment designs with regard to their spatial targeting.
ISSN:0964-0568
1360-0559
DOI:10.1080/09640568.2019.1705771