Compensating for the costs of reducing deforestation in Papua New Guinea

Hunt, Colin (2010) Compensating for the costs of reducing deforestation in Papua New Guinea. Pacific Economic Bulletin, 25 3: 64-88.

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Author Hunt, Colin
Title Compensating for the costs of reducing deforestation in Papua New Guinea
Journal name Pacific Economic Bulletin
ISSN 0817-8038
Publication date 2010-12-01
Sub-type Article (original research)
Volume 25
Issue 3
Start page 64
End page 88
Total pages 25
Place of publication Canberra, A.C.T., Australia
Publisher Asia Pacific Press
Collection year 2011
Language eng
Abstract This article examines the abatement in greenhouse gas emissions achievable in Papua New Guinea by a reduction in deforestation and forest degradation (REDD) and its opportunity costs. The total abatement achieved by the cessation of logging for export in 2012 is estimated at between 658 and 788 million tonnes (Mt) of carbon dioxide, at an opportunity cost nationally of between US$3.40 and US$5.64/t. Abatement achieved by the cessation of new oil-palm establishment totals between 45 and 113 Mt, at a national cost of about US$40/t. Stakeholder opportunity costs, as well as national costs, are estimated for logging and oil-palm. Recent work that quantifies emissions from deforestation in Papua New Guinea is integrated with the author's financial models for the logging and palm-oil industries. A fuller understanding is achieved of the complexity of designing and implementing policies for REDD. © 2010 The Australian National University.
Keyword Carbon
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2011 Collection
School of Economics Publications
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Created: Tue, 16 Nov 2010, 18:21:20 EST by Dr Colin Hunt on behalf of School of Economics