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The role of Perhutani and local farmers in developing agroforestry in Bogor Forest Management Unit (FMU) is important for carbon sequestration-based climate mitigation efforts. Different compositions of the plants in seven agroforestry systems in four part of Bogor FMU. Farmers adjust the multipurpose crops planted with Perhutani main plants, which are more dominant. The potential mean annual carbon increment based on aboveground carbon stock of agroforestry is between 2.26 to 66.65 tonnes per hectare, while in 2 monocultures land system is between 13.65 to 18.29 tonnes per hectare. The carbon increment in agroforestry systems is better than monoculture because of plant diversity and different ages. Then, carbon revenue using carbon pricing set by the World Bank-FCPF Program in East Kalimantan is in the range of IDR 1,547,325 to IDR 49,292,405 per hectare, using the Social Cost scheme in the range IDR 12,997,535 to IDR 414,056,204 per hectare and using domestic carbon tax is range IDR 635.017 to IDR 20,229,441 perhectare. Regarding carbon revenues, the wider the agroforestry land managed by farmers, the higher the carbon income received. Using the benefit transfer method over a 20-year mitigation period, an estimated 2.19 times increase in carbon revenues is obtained at an inflation rate of 4%. [ABSTRACT FROM AUTHOR]

• Implementation costs are a more relevant constraint to afforestation than opportunity costs. • Financial incentives for afforestation are constrained by market access and market prices. • Carbon-neutral and food multi-oriented land policies need further exploration. • Collaboration among global carbon markets can enhance CO 2 removal efficiency. Afforestation is a promising nature-based climate solution for mitigating climate change, but it is subject to a complex web of biophysical, cost-benefit, market, and policy processes. Although its biophysical feasibility has been established, the cost, market, and policy constraints that affect climate change mitigation through afforestation are still unclear. Here, we estimate such cost, market, and policy constraints on the basis of biophysical feasibility. Our findings reveal that implementation costs are a more relevant constraint than opportunity costs on mitigating climate change through afforestation. The China Certified Emission Reduction market currently provides only a 0.308 % incentive for climate change mitigation through afforestation, due to market access constraints. The current market prices of China Certified Emission Reduction, China Carbon Emissions Trading Exchange, and Nature Based Carbon Offset in Voluntary Carbon Market constrain 88.15 %, 87.95 %, and 85.75 % of CO 2 removal actions through afforestation, compared to the carbon price scenario (US$62.97 tCO 2 -1) of the EU Emissions Trading System. Moreover, land policy under the scenarios of prohibiting conversion of cultivated land to forest and forest restoration in degraded areas exhibit 8.87–29.59 % and 65.16–74.10 % constraints, respectively, on mitigating climate change through afforestation compared to land-use freedom conversion scenarios from 2020 to 2060. Thus, enhancing the incentive price of CO 2 removal, addressing the market access barrier, strengthening cooperation between global carbon markets, and exploring carbon–neutral and food multi-oriented land policies can be valuable sources of mitigation efforts over the next 40 years. [ABSTRACT FROM AUTHOR]

• A CGE model elaborately depicting six CCS technologies was developed. • Impacts of four CCS incentive scenarios on decarbonization pathways were simulated. • CCS can sequester 960 ∼ 1,604 MtCO 2 annually in China by 2060 with policy incentives. • CCS incentives can reduce China's future primary energy demand by 7.7 ∼ 17.4 %. • CCS incentives can increase GDP by 5.64 ∼ 6.59 % compared to no policy scenario. Carbon capture and storage (CCS) technology, considered as a pivotal tool in mitigating climate change within the fossil energy system, particularly in China, has experienced slower development than expected. The exploration of direct incentive policies to facilitate its growth remains relatively underdeveloped. This study developed a hybrid dynamic computable general equilibrium (CGE) model to simulate the substantial impacts of CCS incentive policies on China within the context of carbon neutrality target. Two potential incentive policies, carbon emission trading system (ETS) and 45Q tax credit, were simulated, with different sectoral coverage. The results indicate that CCS technologies can reduce carbon emissions by 960 ∼ 1,604 MtCO 2 annually by 2060 through the strategic implementation of these incentive policies. The 45Q tax credit demonstrates its effectiveness in promoting early-stage research and development (R&D) and demonstration of CCS, while the ETS policy facilitates the commercial development of CCS in the later stage of development. By 2060, the implementation of CCS incentive policies could potentially result in 7.7 ∼ 17.4 % reduction in China's primary energy consumption, 71.2 ∼ 82.7 % decrease in the carbon price of ETS and 5.64 ∼ 6.59 % increase in the GDP compared with the no-policy scenario. In addition, the sectoral output in various sectors and the welfare of urban and rural households also increase. This paper provides an important reference for the realization of China's carbon neutrality goal and the model framework can be applied to other countries. [ABSTRACT FROM AUTHOR]