The economic and emissions benefits of engineered wood products in a low-carbon future
There has been rapid growth in the use of engineered wood products in the construction sector in recent decades. We evaluate the economy-wide impacts of replacing carbon-intensive construction inputs, such as steel and cement, with lumber products in the US under an emissions constraint. We find tha...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | en_US |
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MIT Joint Program on the Science and Policy of Global Change
2019
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| Online Access: | https://hdl.handle.net/1721.1/121478 |
| _version_ | 1826208878159724544 |
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| author | Winchester, Niven Stewart Reilly, John M |
| author_facet | Winchester, Niven Stewart Reilly, John M |
| author_sort | Winchester, Niven Stewart |
| collection | MIT |
| description | There has been rapid growth in the use of engineered wood products in the construction sector in recent decades. We evaluate the economy-wide impacts of replacing carbon-intensive construction inputs, such as steel and cement, with lumber products in the US under an emissions constraint. We find that the ability to substitute lumber-based building materials increases production from the lumber and forestry sectors and decreases production from carbon-intensive sectors such as cement. Under a carbon cap-and-trade policy, the ability to substitute lumber products lowers the carbon price and the GDP cost of meeting the carbon cap, with more overall emissions abatement in the construction industry. |
| first_indexed | 2024-09-23T14:14:04Z |
| format | Working Paper |
| id | mit-1721.1/121478 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T14:14:04Z |
| publishDate | 2019 |
| publisher | MIT Joint Program on the Science and Policy of Global Change |
| record_format | dspace |
| spelling | mit-1721.1/1214782019-07-02T03:08:08Z The economic and emissions benefits of engineered wood products in a low-carbon future Winchester, Niven Stewart Reilly, John M There has been rapid growth in the use of engineered wood products in the construction sector in recent decades. We evaluate the economy-wide impacts of replacing carbon-intensive construction inputs, such as steel and cement, with lumber products in the US under an emissions constraint. We find that the ability to substitute lumber-based building materials increases production from the lumber and forestry sectors and decreases production from carbon-intensive sectors such as cement. Under a carbon cap-and-trade policy, the ability to substitute lumber products lowers the carbon price and the GDP cost of meeting the carbon cap, with more overall emissions abatement in the construction industry. The authors gratefully acknowledge financial support from Weyerhaeuser and the Softwood Lumber Board. The MIT Joint Program on the Science and Policy of Global Change is funded by a consortium of industrial sponsors and Federal grants. For a complete list of sponsors see http://globalchange.mit.edu/sponsors. 2019-07-01T21:16:23Z 2019-07-01T21:16:23Z 2018-06 Working Paper https://hdl.handle.net/1721.1/121478 Report 331 en_US MIT Joint Program Report Series;331 application/pdf MIT Joint Program on the Science and Policy of Global Change |
| spellingShingle | Winchester, Niven Stewart Reilly, John M The economic and emissions benefits of engineered wood products in a low-carbon future |
| title | The economic and emissions benefits of engineered wood products in a low-carbon future |
| title_full | The economic and emissions benefits of engineered wood products in a low-carbon future |
| title_fullStr | The economic and emissions benefits of engineered wood products in a low-carbon future |
| title_full_unstemmed | The economic and emissions benefits of engineered wood products in a low-carbon future |
| title_short | The economic and emissions benefits of engineered wood products in a low-carbon future |
| title_sort | economic and emissions benefits of engineered wood products in a low carbon future |
| url | https://hdl.handle.net/1721.1/121478 |
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