** AWARDS ISSUED PRIOR TO JANUARY 20, 2025, WERE FUNDED UNDER PREVIOUS ADMINISTRATIONS AND MAY NOT REFLECT THE PRIORITIES AND POLICIES OF THE CURRENT ADMINISTRATION.** THE INCREASING DEMAND FOR FOREST CARBON CREDITS AND THE EVOLVING FOREST CARBON MARKET CAN HAVE PROFOUND IMPACTS ON WOOD FLOW, FOREST INVESTMENTS, AND RAW MATERIALS SOURCING TO FOREST PRODUCTS INDUSTRIES. OUR RESEARCH AIMS TO COMPREHENSIVELY ASSESS THE EFFECTS OF EMERGING CARBON PROGRAMS AND FINANCIAL INCENTIVES ON THE WOOD PRODUCT SUPPLY CHAIN IN THE CONTEXT OF NATURE-BASED CLIMATE SOLUTIONS. OUR PRIMARY FOCUS IS ON UNDERSTANDING HOW THESE PROGRAMS COULD IMPACT THE WOOD PRODUCT INDUSTRIES AND THE CARBON SEQUESTRATION EFFORTS. OUR INVESTIGATION WILL EXAMINE THE INTRICATE RELATIONSHIP BETWEEN EVOLVING CARBON MARKETS, STATE AND REGIONAL POLICIES, AND THEIR IMPACT ON FOREST MANAGEMENT PRACTICES AND THE WOOD PRODUCTS INDUSTRY. TO ACHIEVE THIS, WE INTEND TO LEVERAGE FOREST SECTOR AND ECONOMETRIC MODELS, INCLUDING THOSE FOR THE FOREST SECTOR, SUPPLY DYNAMICS, AND TRADE. WE HAVE IDENTIFIED A CRITICAL GAP IN KNOWLEDGE CONCERNING THE LEVELS OF INTEREST, PARTICIPATION, AND CHALLENGES ASSOCIATED WITH WOOD PRODUCTS AND FOREST CARBON. OUR RESEARCH ENDEAVORS TO BRIDGE THIS GAP BY PROVIDING A COMPREHENSIVE ANALYSIS OF THESE ASPECTS. THE PURSUIT OF CARBON SEQUESTRATION GOALS WITH CARBON PAYMENTS MUST BE BALANCED WITH CONSIDERATIONS OF ECONOMIC IMPACTS AND ENVIRONMENTAL BENEFITS. OUR STUDY EMPHASIZES THE NECESSITY OF A HOLISTIC APPROACH TO COMPREHEND AND MITIGATE POTENTIAL ADVERSE CONSEQUENCES. OUR PROJECT AIMS TO OFFER VALUABLE INSIGHTS THAT CAN GUIDE DECISION-MAKERS IN DESIGNING EFFECTIVE POLICIES. THESE INSIGHTS WILL HELP STRIKE A BALANCE BETWEEN CARBON EMISSION REDUCTION OBJECTIVES AND THE ECONOMIC NEEDS OF THE WOOD PRODUCTS INDUSTRY, ULTIMATELY CONTRIBUTING TO A SUSTAINABLE AND ENVIRONMENTALLY RESPONSIBLE FUTURE.