Using Henry George’s Philosophies to Solve Today’s Economic Issues
This paper examines the dynamic interactions between forest biomass, atmospheric carbon, and land use change. Using a dynamic system model, these three factors are modeled as state equations while the policy maker decides the optimal timber harvesting and deforestation quantities. As forests are suggested as potential climate change mitigation tools to reach net negative emissions due to their function as carbon sinks, examinations into this dynamic relationship is of increasing importance. This investigative line can shed light on how to sustainably manage forests in the context of climate change, as well as indicate forests’ role in atmospheric carbon dioxide removal, and there are multiple opportunities for extension of its application…
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