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Forests 2017, 8(3), 58; doi:10.3390/f8030058

Forest Carbon Sequestration Subsidy and Carbon Tax as Part of China’s Forestry Policies

1,2,* and 1,2
1
Business School, Hohai University, Nanjing 211100, China
2
Planning and Decision Institute, Hohai University, Nanjing 211100, China
*
Author to whom correspondence should be addressed.
Academic Editors: Thomas J. Straka and Timothy A. Martin
Received: 23 November 2016 / Revised: 8 February 2017 / Accepted: 21 February 2017 / Published: 27 February 2017
View Full-Text   |   Download PDF [705 KB, uploaded 27 February 2017]

Abstract

Forestry is an effective strategy for climate change mitigation. However, forestry activities not only sequester carbon but also release CO2. It is therefore important to formulate carbon subsidy and carbon taxation policies on the basis of the price of carbon. In this study, a forestry-based Computable General Equilibrium (CGE) model was built by using input-output data of China in 2014 to construct a Social Accounting Matrix (SAM). The model simulates different carbon price scenarios and was used to explore the effects of carbon subsidy and carbon taxation policies on the forestry economy. The main results can be summarized as follows: When the carbon price is low, the implementation of the policy increases forestry output and causes forest product prices to rise. When the carbon price is high, the carbon tax will produce an inhibitory effect, and output and prices will decline. With the constant rise of the carbon price, value addition will decrease, with flow to other industries. For the carbon sequestration policy, there is a reasonable carbon price range bound. In light of these results, relevant policies are proposed. View Full-Text
Keywords: forest carbon sequestration subsidy; carbon tax; CGE; China; forestry policies forest carbon sequestration subsidy; carbon tax; CGE; China; forestry policies
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Liu, J.; Wu, F. Forest Carbon Sequestration Subsidy and Carbon Tax as Part of China’s Forestry Policies. Forests 2017, 8, 58.

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