This paper investigates the social efficiency of creating temporary certified emissions reductions to internalize the carbon sequestration function of the forest under the Clean Development Mechanism of the Kyoto Protocol. We find that the regulations governing the creation of temporary...

This paper examines the effect of the regulations under the Clean Development Mechanism (CDM) in creating temporary certified emission reductions (tCERs) on optimal harvesting decisions and supply of carbon removal services in forest plantations. The paper develops a theoretical model examining...

We investigate how reforestation contributed to stabilization of riverine water levels in South Korea. For the purpose, we estimate an equation capturing dynamic relationships among rainfall, upstream-area tree stock, and downstream water levels in three river systems of Hongcheon, Mangyeong,...