Optimal carbon storage in even-and uneven-aged forestry

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

Sammanfattning

We study the effects of forest carbon storage on optimal stand management by applying a model where optimal harvests are partial cuttings, implying uneven-aged forestry, or both partial cuttings and clearcuts, implying even-aged forestry. Optimal carbon storage postpones partial cuttings and increases stand volume along the rotation. Carbon pricing may shorten or lengthen the rotation period depending on interest rate and speed of carbon release from wood products. If the carbon price is high, the shadow value of forest biomass is negative, implying that a higher interest rate leads to higher stand density. In empirically realistic examples, carbon pricing causes a switch from clearcuts to continuous cover management rather than vice versa.
Originalspråkengelska
TidskriftForest Policy and Economics
Volym87
Sidor (från-till)93-100
Antal sidor8
ISSN1389-9341
DOI
StatusPublicerad - feb 2018
MoE-publikationstypA1 Tidskriftsartikel-refererad

Vetenskapsgrenar

  • 4112 Skogsvetenskap
  • 511 Nationalekonomi

Citera det här

@article{d470914250cb4e689aaa0d5af2d5fffd,
title = "Optimal carbon storage in even-and uneven-aged forestry",
abstract = "We study the effects of forest carbon storage on optimal stand management by applying a model where optimal harvests are partial cuttings, implying uneven-aged forestry, or both partial cuttings and clearcuts, implying even-aged forestry. Optimal carbon storage postpones partial cuttings and increases stand volume along the rotation. Carbon pricing may shorten or lengthen the rotation period depending on interest rate and speed of carbon release from wood products. If the carbon price is high, the shadow value of forest biomass is negative, implying that a higher interest rate leads to higher stand density. In empirically realistic examples, carbon pricing causes a switch from clearcuts to continuous cover management rather than vice versa.",
keywords = "4112 Forestry, Carbon sequestratio n, Continuous cover forestry, Uneven-aged fore stry, PINE STANDS , SCOTS PINE, CONTINUOUS COVER FORESTRY , STAND MANAGEMENT, 511 Economics, ECONOMICS , CREDITS",
author = "Aino Assmuth and Olli Tahvonen",
year = "2018",
month = "2",
doi = "10.1016/j.forpol.2017.09.004",
language = "English",
volume = "87",
pages = "93--100",
journal = "Forest Policy and Economics",
issn = "1389-9341",
publisher = "Elsevier Scientific Publ. Co",

}

Optimal carbon storage in even-and uneven-aged forestry. / Assmuth, Aino ; Tahvonen, Olli .

I: Forest Policy and Economics, Vol. 87, 02.2018, s. 93-100.

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

TY - JOUR

T1 - Optimal carbon storage in even-and uneven-aged forestry

AU - Assmuth, Aino

AU - Tahvonen, Olli

PY - 2018/2

Y1 - 2018/2

N2 - We study the effects of forest carbon storage on optimal stand management by applying a model where optimal harvests are partial cuttings, implying uneven-aged forestry, or both partial cuttings and clearcuts, implying even-aged forestry. Optimal carbon storage postpones partial cuttings and increases stand volume along the rotation. Carbon pricing may shorten or lengthen the rotation period depending on interest rate and speed of carbon release from wood products. If the carbon price is high, the shadow value of forest biomass is negative, implying that a higher interest rate leads to higher stand density. In empirically realistic examples, carbon pricing causes a switch from clearcuts to continuous cover management rather than vice versa.

AB - We study the effects of forest carbon storage on optimal stand management by applying a model where optimal harvests are partial cuttings, implying uneven-aged forestry, or both partial cuttings and clearcuts, implying even-aged forestry. Optimal carbon storage postpones partial cuttings and increases stand volume along the rotation. Carbon pricing may shorten or lengthen the rotation period depending on interest rate and speed of carbon release from wood products. If the carbon price is high, the shadow value of forest biomass is negative, implying that a higher interest rate leads to higher stand density. In empirically realistic examples, carbon pricing causes a switch from clearcuts to continuous cover management rather than vice versa.

KW - 4112 Forestry

KW - Carbon sequestratio n

KW - Continuous cover forestry

KW - Uneven-aged fore stry

KW - PINE STANDS

KW - SCOTS PINE

KW - CONTINUOUS COVER FORESTRY

KW - STAND MANAGEMENT

KW - 511 Economics

KW - ECONOMICS

KW - CREDITS

U2 - 10.1016/j.forpol.2017.09.004

DO - 10.1016/j.forpol.2017.09.004

M3 - Article

VL - 87

SP - 93

EP - 100

JO - Forest Policy and Economics

JF - Forest Policy and Economics

SN - 1389-9341

ER -