Valued forest carbon sinks: How much emissions abatement costs could be reduced in China

Carbon sink is an effective measure to balance the contradiction between economic development and mitigating climate change in China. This paper reveals that environmental performance of forest carbon sinks reflects in economic value by reducing the emissions abatement cost. The carbon trading system is used to demonstrate the environmental and economic value of forests. The forest carbon sequestrations are estimated and predicted in different regions of China. Furthermore, a market model has been established to assess how the emission reduction costs can be reduced among all regions by the year 2030 to achieve the goal of carbon emissions intensity in China. The results show that carbon sequestration trades can reduce the emissions reduction costs and it can represent the value of forest carbon sinks. In particular, when economic growth is maintained in moderate and low level in China, the national carbon trading market with carbon sequestration will decrease the carbon emissions reduction costs more effectively. Besides, carbon sink can bring economic benefits to under-developed regions where there are rich forest resources. (C) 2019 Elsevier Ltd. All rights reserved.