The study follows the Coase theorem to solve the externality dilemma. By taking China's carbon compensation practice as … a research case, this paper aims to provide evidence on pushing forward carbon compensation among regions. From the … of principal component analysis and carbon compensation priority theory, this study builds each region's carbon …

ensure a socially optimal level of forest resources. Optimal conditions for a land income tax and carbon compensation rate … are derived. The paper shows that the optimality of national carbon compensation policies crucially depends on the land … landowners the very carbon compensation that it receives from the international community to ensure a socially optimal tropical …