Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Accounting for carbon storage and the albedo effect through Payments for Ecosystem Services (PES) or manda- tory offset permits aims to internalize the environmental externalities of forest management. This can shift the economically optimal rotation age, and incorporate rents for a wider range of ecosystem service offerings. A mixed stand economic optimization model was used to determine the optimal stand mixture and inter-species climate regulation trade-offs. Mixed forest dynamics between deciduous silver birch (Betula pendula Roth.) and coniferous Norway spruce (Picea abies Karst.) were evaluated. The sensitivity of our results to the absolute species-specific differences in albedo parameter values was also conducted. Results indicated that a synergistic climate regulation trade-off between the two species exists. The optimal rotation for the combined carbon stor- age and albedo effect was equivalent to that of the carbon storage only case. Differences in absolute albedo im- pacts were most sensitive at high discount rates, for ‘climate only’ management, and over increasing offset prices. These results demonstrate the importance of parameter certainty in the promotion of PES in forestry. They also show that mixed stands can promote more efficient trade-offs between forest ecosystem service offerings and provide a basis for diversifying between ecosystem functions.
Original languageEnglish
JournalEcological Economics
Volume123
Pages (from-to)95–105
Number of pages11
ISSN0921-8009
DOIs
Publication statusPublished - 2016
MoE publication typeA1 Journal article-refereed

Fields of Science

  • 4112 Forestry
  • Carbon storage
  • Economic optimization
  • Climate change
  • Mixed forest
  • Optimum rotation and thinning

Cite this

@article{1719523687dc459387db9d6252e8194b,
title = "Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation",
abstract = "Accounting for carbon storage and the albedo effect through Payments for Ecosystem Services (PES) or manda- tory offset permits aims to internalize the environmental externalities of forest management. This can shift the economically optimal rotation age, and incorporate rents for a wider range of ecosystem service offerings. A mixed stand economic optimization model was used to determine the optimal stand mixture and inter-species climate regulation trade-offs. Mixed forest dynamics between deciduous silver birch (Betula pendula Roth.) and coniferous Norway spruce (Picea abies Karst.) were evaluated. The sensitivity of our results to the absolute species-specific differences in albedo parameter values was also conducted. Results indicated that a synergistic climate regulation trade-off between the two species exists. The optimal rotation for the combined carbon stor- age and albedo effect was equivalent to that of the carbon storage only case. Differences in absolute albedo im- pacts were most sensitive at high discount rates, for ‘climate only’ management, and over increasing offset prices. These results demonstrate the importance of parameter certainty in the promotion of PES in forestry. They also show that mixed stands can promote more efficient trade-offs between forest ecosystem service offerings and provide a basis for diversifying between ecosystem functions.",
keywords = "4112 Forestry, Carbon storage, Economic optimization, Climate change, Mixed forest, Optimum rotation and thinning",
author = "Matthies, {Brent David} and Valsta, {Lauri Tapani}",
year = "2016",
doi = "10.1016/j.ecolecon.2016.01.004",
language = "English",
volume = "123",
pages = "95–105",
journal = "Ecological Economics",
issn = "0921-8009",
publisher = "Elsevier",

}

Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation. / Matthies, Brent David; Valsta, Lauri Tapani.

In: Ecological Economics, Vol. 123, 2016, p. 95–105.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Optimal forest species mixture with carbon storage and albedo effect for climate change mitigation

AU - Matthies, Brent David

AU - Valsta, Lauri Tapani

PY - 2016

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N2 - Accounting for carbon storage and the albedo effect through Payments for Ecosystem Services (PES) or manda- tory offset permits aims to internalize the environmental externalities of forest management. This can shift the economically optimal rotation age, and incorporate rents for a wider range of ecosystem service offerings. A mixed stand economic optimization model was used to determine the optimal stand mixture and inter-species climate regulation trade-offs. Mixed forest dynamics between deciduous silver birch (Betula pendula Roth.) and coniferous Norway spruce (Picea abies Karst.) were evaluated. The sensitivity of our results to the absolute species-specific differences in albedo parameter values was also conducted. Results indicated that a synergistic climate regulation trade-off between the two species exists. The optimal rotation for the combined carbon stor- age and albedo effect was equivalent to that of the carbon storage only case. Differences in absolute albedo im- pacts were most sensitive at high discount rates, for ‘climate only’ management, and over increasing offset prices. These results demonstrate the importance of parameter certainty in the promotion of PES in forestry. They also show that mixed stands can promote more efficient trade-offs between forest ecosystem service offerings and provide a basis for diversifying between ecosystem functions.

AB - Accounting for carbon storage and the albedo effect through Payments for Ecosystem Services (PES) or manda- tory offset permits aims to internalize the environmental externalities of forest management. This can shift the economically optimal rotation age, and incorporate rents for a wider range of ecosystem service offerings. A mixed stand economic optimization model was used to determine the optimal stand mixture and inter-species climate regulation trade-offs. Mixed forest dynamics between deciduous silver birch (Betula pendula Roth.) and coniferous Norway spruce (Picea abies Karst.) were evaluated. The sensitivity of our results to the absolute species-specific differences in albedo parameter values was also conducted. Results indicated that a synergistic climate regulation trade-off between the two species exists. The optimal rotation for the combined carbon stor- age and albedo effect was equivalent to that of the carbon storage only case. Differences in absolute albedo im- pacts were most sensitive at high discount rates, for ‘climate only’ management, and over increasing offset prices. These results demonstrate the importance of parameter certainty in the promotion of PES in forestry. They also show that mixed stands can promote more efficient trade-offs between forest ecosystem service offerings and provide a basis for diversifying between ecosystem functions.

KW - 4112 Forestry

KW - Carbon storage

KW - Economic optimization

KW - Climate change

KW - Mixed forest

KW - Optimum rotation and thinning

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