The economic and emissions benefits of engineered wood products in a low-carbon future
Name
MITJPSPGC_Rpt331.pdf
Size
895.04 KB
Format
Adobe PDF
Checksum (MD5)
d6c505ad2e2a3170dc79a77979fca0a0
Author(s)
Winchester, Niven Stewart
Reilly, John M
Date Issued
June 2018
Publisher
MIT Joint Program on the Science and Policy of Global Change
Citation
Report 331
Series/Report no.
MIT Joint Program Report Series;331
Abstract
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.
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