In the absence of significant greenhouse gas (GHG) mitigation, many analysts project that atmospheric concentrations of species identified for control in the Kyoto protocol could exceed 1000 ppm (carbon-dioxide-equivalent) by 2100 from the current levels of about 435 ppm. This could lead to...

In this study, we examine the economic impacts of net zero-emission target in New Zealand, applying an integrated forest-computable general equilibrium model. The model is set to simulate equilibrium carbon permit price and sectoral output levels given the emission trading market, which is also...