An Economic Analysis of Carbon Sequestration and Storage Service by Mangrove Forests in Everglades National Park, Florida

Jerath, Meenakshi

doi:10.25148/etd.fi12080626

Cited by 2 publications

(3 citation statements)

References 59 publications

(138 reference statements)

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“…Therefore it can be considered in economic equations for sustainable forestry management (Nejadi, Rahbar 2012). The use of market price to estimate the economic value of ecosystem service such as carbon sequestration is criticized for not truly reflecting the value of the ecosystem service (Jerath 2012;Ninan, Inoue 2013). Nabavi and Keivan Behjou (2012) estimated total carbon stored in trees (branches, leaves, crown and trunk) and its economic value in Shafarood forest of Caspian forest using String methods and volume growth.…”

Section: Discussionmentioning

confidence: 99%

Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests)

Mohammadi¹,

Limaei²,

Lohmander³

et al. 2017

J. For. Sci.

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Mohammadi Z., Mohammadi Limaei S., Lohmander P., Olsson L. (2017): Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests). J. For. Sci., 63: 511-518.The aim of the study is to estimate the aboveground carbon sequestration and to determine the economic value of forests in carbon sequestration as a way of mitigating climate change. This research was conducted at Asalem forests in the north of Iran. In order to estimate the amount of annual carbon sequestration, the annual volume growth of stand was determined using the diameter increment data and tariff. The amount of carbon sequestration was estimated based on wood density and using the allometric equation. The carbon model was obtained for each species. The value of sequestrated carbon in stumpage and the net present value of carbon sequestration were determined in order to estimate the economic value of carbon sequestration. Results indicated that the annual volume growth per hectare and the carbon stored are 6.023 m 3 ·yr -1 and 2.307 t·ha -1 , respectively. Finally, the carbon sequestration value of stumpage and the net present value of carbon sequestration are 11,023.753 and 790.361 (10,000 IRR·t -1 ·ha -1 ), respectively. Our results are very useful in estimating the total economic value of Asalem forests and other Iranian Caspian forests in the future.

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Section: Discussionmentioning

confidence: 99%

Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests)

Mohammadi¹,

Limaei²,

Lohmander³

et al. 2017

J. For. Sci.

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“…The economic value of the total forest biomass carbon stock (V T ) in USD is estimated by the following formula [26…”

Section: Estimated Economic Value Of Forest Carbon Stockmentioning

confidence: 99%

“…In order to obtain the economic value of biomass carbon per hectare forest, the economic value of total forest carbon stock is divided by the total forested area (FA). Therefore, the economic value of forest biomass carbon per hectare area (V ha ) is estimated by the following equation [26].…”

Section: Estimated Economic Value Of Forest Carbon Stockmentioning

confidence: 99%

Assessment of Carbon Stock in Forest Biomass and Emission Reduction Potential in Malaysia

Raihan

Begum

Said

et al. 2021

Forests

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Malaysia has a large extent of forest cover that plays a crucial role in storing biomass carbon and enhancing carbon sink (carbon sequestration) and reducing atmospheric greenhouse gas emissions, which helps to reduce the negative impacts of global climate change. This article estimates the economic value of forest carbon stock and carbon value per hectare of forested area based on the price of removing per ton CO2eq in USD from 1990 to 2050. The economic value of biomass carbon stored in the forests is estimated at nearly USD 51 billion in 2020 and approximately USD 41 billion in 2050, whereas carbon value per hectare forest area is estimated at USD 2885 in 2020 and USD 2388 in 2050. If the BAU scenario of forest loss (converting forests to other land use) continues, the projected estimation of carbon stock and its economic value might fall until 2050 unless further initiatives on proper planning of forest management and ambitious policy implementation are taken. Instead, Malaysia’s CO2 emission growth started to fall after 2010 due to rising forest carbon sink of 282 million tons between 2011 and 2016, indicating a huge potential of Malaysian forests for future climate change mitigation. The estimated and projected value of carbon stock in Malaysian forest biomass, annual growth of forest carbon, forest carbon density and carbon sink would be useful for the better understanding of enhancing carbon sink by avoiding deforestation, sustainable forest management, forest conservation and protection, accurate reporting of national carbon inventories and policy-making decisions. The findings of this study could also be useful in meeting emission reduction targets and policy implementation related to climate change mitigation in Malaysia.

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An Economic Analysis of Carbon Sequestration and Storage Service by Mangrove Forests in Everglades National Park, Florida

Cited by 2 publications

References 59 publications

Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests)

Estimating the aboveground carbon sequestration and its economic value (case study: Iranian Caspian forests)

Assessment of Carbon Stock in Forest Biomass and Emission Reduction Potential in Malaysia

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