Purpose
- Investigates the causes of economic imbalances.
- Investigates causes tending to destroy or impair the free-market system.
- Explores and develops market-based solutions.
Summary
Putting a price on forest carbon through taxes, carbon border adjustments and other mechanisms are market-based solutions to internalize the externalized damages associated with industrial logging activities. CSE will work to implement forest carbon pricing by (1) publicizing and disseminating our peer reviewed paper and model legislation for a forest carbon tax and reward program; (2) researching and advocating for CBAMs both in the US and internationally that include a price on forest carbon; (3) building strategic alliances with wood alternative industry leaders to help combat logging subsidies and timber industry disinformation; (4) mobilizing members of the Forest Carbon Coalition, and (5) holding public agencies accountable for quantifying and reducing GHG emissions and associated social costs from the logging sector.
Purpose
Climate change has been referred to as the most spectacular market failure ever. The market’s failure to incorporate the costs of climate change into prices of wood and paper products supports a tremendous level of over-production, over-consumption, and wasteful uses of these commodities. Putting a price on high-emissions logging operations is a critical market-based solution for internalizing the catastrophic costs associated with climate change and rebalancing markets to support efficient use of energy resources, forestlands, and wood products. With respect to forestlands, CSE has pioneered the development of several market-based policy interventions that decision makers can use to help expedite the transformation of industrial forest practices to climate smart alternatives. These include forest carbon tax and reward, subsidy reform, cap and invest, no net loss and climate resiliency plans for large owners.
Scope
We are working at the federal level by participating in new regulatory processes initiated by the Biden-Harris Administration via Executive Order 14008, Executive Order 14072, and the new US pledge to end deforestation and forest degradation by 2030. The Forest Carbon Coalition serves as our primary partner within these processes. We are also working at the state level in parallel executive-order processes, primarily in the states of Maine, North Carolina, Washington and Oregon. In each of these processes, CSE is advocating for forest carbon pricing as a means for achieving key forest-climate goals.
Amount Approved$50,000.00
on 5/15/2024
