Goetz, Renan Ulrich; Hritonenko, Natali; Mur, Ruben; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
The Kyoto protocol allows Annex I countries to deduct carbon sequestered by land use, land-use change and forestry from their national carbon emissions. Thornley and Cannell (2000) demonstrated that the objectives of maximizing timber and carbon sequestration are not complementary. Based on this...