Carbon credits and management of Scots pine and Norway spruce stands in Finland

Pohjola, Johanna; Valsta, Lauri

doi:10.1016/j.forpol.2006.03.012

Cited by 92 publications

(86 citation statements)

References 17 publications

(24 reference statements)

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“…Some authors, for instance, have used econometric approaches based on observations of landowners' actual behavior confronted with the opportunity costs of alternative 8 Forest biomass consists primarily of above-ground and below-ground tree components (stems, branches, leaves, and roots); other woody vegetation; and mosses, lichens and herbs. 9 The share varies however greatly among forest types. …”

Section: Carbon Benefitsmentioning

confidence: 99%

“…The value of carbon varies in the literature and usually ranges from $0 to $200 per metric ton (Stainback and Alavalapati [10]). Like Pohjola and Valsta [9], we initially fix p c to 10 euros per ton and we will conduct some sensitivity analysis on this parameter.…”

Section: Carbon Benefitsmentioning

confidence: 99%

“…Diaz-Balteiro and Romero [6]; Akao [7]; Gutrich and Howarth [8]; Pohjola and Valsta [9]). More recently, the risk of fire has been introduced into such a context, (Stainback and Alavalapati [10]; Stollery [11]).…”

Section: Introductionmentioning

confidence: 99%

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Forest management under fire risk when forest carbon sequestration has value

Couture¹,

Reynaud

2011

Ecological Economics

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In this paper, we develop a multiple forest use model to determine the optimal harvest date for a forest stand producing both timber and carbon benefits under a risk of fire. The preferences of the representative non-industrial private forest (NIPF) owner are modeled though an expected utility specification. We introduce saving as a decision of the forest owner at any time. The problems of forest management and saving decisions are solved simultaneously using a stochastic dynamic programming method. A numerical programming method is used to characterize the optimal forest and saving policies. We apply this framework to model the behavior of a representative NIPF owner located in the Southwest of France. The empirical application indicates that a higher risk of fire will decrease the optimal rotation period, while higher carbon prices will increase the optimal harvesting age. We show that increasing the risk of fire leads to a reduction in rotation duration. On the contrary, a higher carbon price makes carbon sequestration more profitable, thereby leading to increasing the rotation duration. We then show how the carbon price/risk of fire frontier is affected by risk aversion.

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Section: Carbon Benefitsmentioning

confidence: 99%

Section: Carbon Benefitsmentioning

confidence: 99%

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Forest management under fire risk when forest carbon sequestration has value

Couture¹,

Reynaud

2011

Ecological Economics

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“…35 For example, Sohngen and Brown (2008) find that no forest areas will be conserved at a price of $14/t CO 2 e in the U.S. south and west; by contrast, in our model, 45% of lands will be conserved at roughly $15/t CO 2 e ($9/t C temporary). See also van Kooten et al (1995), Gutrich and Howarth (2007), and Pohjola and Valsta (2007). The explanation for the particularly strong effect here may be that the economic returns from timber harvest are generally lower in the boreal than in many other regions (where timber grows faster and is closer to market), so the relative value of carbon compared to timber is often greater in the boreal.…”

Section: Effects On Harvested Area and Rotation Lengthmentioning

confidence: 88%

Assessing the implications of a carbon market for boreal forest management

ElgieStewart¹,

MccarneyGeoffrey²,

Adamowicz³

2011

The Forestry Chronicle

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Canada's forests -particularly the boreal-are a major storehouse of carbon. How they are managed could significantly affect Canada's greenhouse gas emissions while also presenting a new revenue source for forest managers. This study attempts to assess how a carbon price could affect forest management, particularly in Canada's boreal plains region. An integrated modelling approach is developed to incorporate both forest carbon and timber supply considerations within an optimal management framework. This modelling approach allows for consideration of alternative market and regulatory scenarios, along with a range of possible management intensity and harvest scheduling options over the landscape. The overall conclusion is that carbon incentives will increase the value of the boreal forest-potentially quite significantly-and will generally encourage management changes consistent with sustainable forest management practices.Key words: boreal forest, carbon credits, timber supply, market incentives, sustainable forest management, optimization, Carbon Budget Model of the Canadian Forest Sector (CBM-CFS3), Woodstock Forest Management Model RÉSUMÉLes forêts du Canada, particulièrement la forêt boréale, constituent d'importants réservoirs de carbone. Leur aménage-ment pourrait avoir un impact significatif sur les émissions de gaz à effet de serre tout en constituant une nouvelle source de revenus pour les personnes en charge de leur gestion. Cette étude tente d' évaluer comment la valeur du carbone pourrait affecter l'aménagement forestier, particulièrement dans la région des plaines boréales du Canada. Une approche selon une modélisation intégrée est élaborée pour incorporer à la fois le carbone forestier et les possibilités d'approvisionnement en matière ligneuse selon un cadre d'aménagement optimal. Cette modélisation permet l' étude de marchés alternatifs et des scénarios légaux, ainsi que plusieurs intensités possibles d'aménagement et d' options de calendriers de récolte pour un écosystème donné. La conclusion générale est que les mesures incitatives reliées au carbone permettront l'accroissement de la valeur de la forêt boréale, et ce d'un niveau potentiellement significatif, et encourageront généralement des modifications de la gestion qui seront conformes avec les pratiques d'aménagement forestier durable.Mots clés : forêt boréale, crédits de carbone, approvisionnement en matière ligneuse, mesures incitatives du marché, amé-nagement forestier durable, optimisation, modèle du bilan du carbone du secteur forestier canadien (CBM-CFS2), modèle d'aménagement forestier Woodstock

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“…Many forest planning models that incorporate carbon sequestration as optimization criteria have been reported in the literature (Hoen & Solberg 1994, Diaz-Balteiro & Romero 2003, Backéus et al 2005, Díaz-Balteiro & Rodriguez 2006, Pohjola & Valsta 2007, Keles & Baskent 2007, Baskent et al 2008, Bravo et al 2008, Raymer et al 2009, Cao et al 2010). In addition, several models quantifying carbon stored in teak trees have been developed (Cubero & Rojas 1999, Kraenzel et al 2003, Gera et al 2011.…”

Section: Introductionmentioning

confidence: 99%

Heuristic forest planning model for optimizing timber production and carbon sequestration in teak plantations

Quintero-Méndez¹,

Jerez-Rico²

2017

iForest

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We developed a forest planning model integrating two operational scales (single-stand and forest levels) for the optimization of timber production and carbon sequestration in forest teak (Tectona grandis L. f.) plantations. At the stand level, growth and yield simulations using a heuristic thinning optimizer provided a set of near-optimal thinning regimes for individual stands differing on initial spacing and site quality, given biological, silvicultural, and financial constraints. The set of near-optimal thinning regimes obtained were then used as input of the forest-level model, which generated optimal harvest plans for the whole plantation by simultaneously maximizing the net present value of merchantable wood and carbon sequestration. The net amount of carbon captured by the biomass and the emissions produced by decomposition of woody debris and timber products after harvest were estimated. The growth and yield model was based on a system of differential equations incorporating heuristics (genetic algorithms) to optimize age and intensity of thinnings. The full model can handle the optimization of harvest schedules for projects up to 10,000 ha and 200 stands and was tested on a validation dataset including teak plantations from Venezuela and other Latin American countries. Results indicated that regimes favoring carbon sequestration reduce the benefits of timber production, and equal profitability of carbon sequestration and timber production was obtained for carbon prices over 40 $US Gg -1 . Sensitivity analysis showed that the proposed model is sensible to variation in growth rates, carbon and timber prices, and production quotas, and barely sensible to harvest and transport costs. The developed model has a modular structure that allows its calibration to incorporate data from a wide range of management regimes for teak and other forest species.

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Carbon credits and management of Scots pine and Norway spruce stands in Finland

Cited by 92 publications

References 17 publications

Forest management under fire risk when forest carbon sequestration has value

Forest management under fire risk when forest carbon sequestration has value

Assessing the implications of a carbon market for boreal forest management

Heuristic forest planning model for optimizing timber production and carbon sequestration in teak plantations

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