Cost-benefit and mechanism design of the forest carbon sink in Taiwan (1/2)

The Kyoto Protocol has been validated, and it opens a new era on reducing the risks of global climate change. Since forests are increasingly recognized as playing a key role in reducing carbon dioxide, forest carbon sinks have been included in Kyoto protocol as one of the mechanisms in mitigating climate change. According to Kyoto Protocol Article 3.3 and 3.4, the production of CO2 sequestration and emission due to the strategies, which includes increasing afforestation, reforestation, deforestation (ARD) and improving forest management, can be merged to the amount of national emissions reduction. Concerning the economics of a country, forest management is a good cost-effective strategy for carbon reduction. The aim of this paper is to assess economic cost of carbon reduction under different forest management strategies (including plantation, forest management) in Taiwan.