摘要：It has been suggested that the large scale use of biofuel, that
is, fuel derived from biological materials, especially in
combination with reforestation of large areas, can lead to a
low-cost reduction of atmospheric carbon dioxide levels. In this
paper, a model of three markets: fuel, wood products, and land are
considered with the aim of evaluating the impact of large scale
biofuel production and forestry on these markets, and to estimate
the cost of a policy aimed at the reduction of carbon dioxide in
the atmosphere. It is shown that the costs are lower than had been
previously expected.
