7d411d7d-bed8-40d6-ad65-45571401291c urn:uuid English UTF-8 nonGeographicDataset nonGeographicDataset 2018-06-07T01:12:09 creation ISO 19115 2016 Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths 7d411d7d-bed8-40d6-ad65-45571401291c Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths Overview The introduction of a carbon price under the proposed Carbon Pollution Reduction Scheme (CPRS) may be effective in promoting afforestation in Australia and contribute to Australia's emissions target through carbon sequestration. Rates of sequestration will depend on the stringency of the emissions reduction target, and hence the level of the carbon price. However, the rate of afforestation arising because of the carbon price may potentially affect the attractiveness of agricultural land use activities in Australia. In general, higher carbon prices are expected to decrease the profitability and attractiveness of other land use activities, such as agriculture, in favour of timber plantations and environmental plantings which generate carbon credits under the CPRS. ABARE has been commissioned by the Commonwealth Treasury to estimate the potential increase in afforestation activity on agricultural land under four hypothetical scenarios and a reference case. The key assumptions underlying ABARE estimates are described in some detail in this report. Assumptions relating to the cost of investment of afforestation and the area of land available for switching are important determinants of the land use conversion. Afforestation activity is assumed to include the establishment of commercial plantations and environmental plantings between 2007 and 2100. Australia 151.122622 151.122622 -25.371968 -25.371968 Agriculture CLIMATE AND WEATHER Climate Change Climate Climate chnage Datasets FORESTS Farming Forests HUMAN ENVIRONMENT Economics Mitigation Models Spatial data climate risk Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths documentDigital GeneralDownload 01 PDF Authoritative descriptive metadata for: Analysing the economic potential of forestry for carbon sequestration under alternative carbon price paths documentDigital Metadata in ISO 19139 format XML