Market-Level Implications of Regulating Forest Carbon Storage and Albedo for Climate Change Mitigation

Rautiainen, Aapo; Lintunen, Jussi; Uusivuori, Jussi

doi:10.1017/age.2018.8

Cited by 10 publications

(17 citation statements)

References 35 publications

(88 reference statements)

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“…Correspondingly, the European Union (EU) emissions reduction commitments imply that the carbon price within the EU Emissions Trading Scheme may increase to €11-€53 by 2030 and to €85-€264 by 2050 (European Commission 2014, 80-81). Forest carbon storage under increasing carbon prices has been studied in even-aged settings (van't Veld and Plantinga 2005;Ekholm 2016, Rautiainen et al 2018, and analyzing the implications for regime shifts between even-aged and uneven-aged management would be an interesting next step.…”

Section: Future Research Directionsmentioning

confidence: 99%

“…The effects of both carbon storage and albedo on optimal forest management have been studied by e.g. Lutz and Howarth (2014), Matthies and Valsta (2016), and Rautiainen et al (2018). These studies suggest that including albedo may significantly decrease the rotation period, but these results are sensitive to (species-specific) albedo parameters.…”

Section: Future Research Directionsmentioning

confidence: 99%

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Economics of carbon storage in heterogeneous forests

Assmuth¹

2020

Diss. For.

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Forests play a vital role in mitigating climate change, as they sequester and store large quantities of carbon. This dissertation examines how carbon storage may be increased by changing forest management at the stand level. To extend the economics of forest carbon storage beyond single-species even-aged stands, this dissertation develops a bioeconomic model framework that incorporates the size and species structure of the stand, and the optimal choice between continuous cover forestry and forestry based on clearcuts. The studies apply empirically estimated growth models for boreal conifer and broadleaf tree species. The dissertation consists of a summary section and three articles. The first article presents an analytically solvable economic model for timber production and carbon storage with optimized management regime choice between continuous cover and rotation forestry. Continuous-time optimal control theory is utilized to solve the thinning path and the potentially infinite rotation age: if no optimal finite rotation age exists, thinnings are performed indefinitely while maintaining continuous forest cover. The second article extends this model by applying a size-structured growth model for Norway spruce (Picea abies (L.) Karst.), roadside pricing of sawlog and pulpwood, variable and fixed harvesting costs, and several carbon pools. The timing and intensity of thinnings, the rotation age, and the management regime are optimized numerically. In the third article, the optimization approach of the second article is extended to mixed-species size-structured stands. Species mixtures include the commercially valuable Norway spruce and birch (Betula pendula Roth and B. pubescens Ehrh.), and other broadleaves (e.g. Eurasian aspen, Populus tremula L., and maple, Acer sp.) that have no market value. Optimal rotation age is shown to either increase or decrease with carbon price depending on interest rate and the speed of carbon release from harvested wood products. Given empirically realistic assumptions, carbon pricing increases the rotation period and eventually causes a regime shift from rotation management to continuous cover management. Hence, carbon pricing heightens the importance of determining the management regime-continuous cover or rotation forestry-through optimization. Optimal thinnings are invariably targeted to the largest size classes of each tree species. Carbon pricing postpones thinnings and increases the average size of harvested and standing trees, hence increasing mean stand volume. Without carbon pricing, commercially nonvaluable other broadleaves are felled during each harvesting operation. When carbon storage is valued, some of the other broadleaves are retained standing until they are large, thus increasing tree species diversity and deadwood quantity. The results suggest that moderate carbon price levels increase timber yields, especially of sawlog that may be used for long-lived products. Increasing carbon storage through changes in forest management is shown to be relatively inexpensive, ...

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Section: Future Research Directionsmentioning

confidence: 99%

Section: Future Research Directionsmentioning

confidence: 99%

Economics of carbon storage in heterogeneous forests

Assmuth¹

2020

Diss. For.

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“…It is an extension of an earlier market-level age-class model without an alternative land use Wan, 1985 &1986). After Salo and Tahvonen (2004), this model type has been further extended to include forest carbon regulation by Cunha-e-Sá et al (2013) and Lintunen and Uusivuori (2016), 9 and carbon and albedo regulation by Rautiainen et al (2018).…”

Section: Market-level Modelsmentioning

confidence: 99%

“…Failing to do so may lead to a socially suboptimal outcome when other forcing agents' impacts are non-negligible and do not cancel out. Rautiainen et al (2018) illustrate this point by focusing on the joint regulation of forest carbon and landscape albedo. The study shows that carbon pricing alone may lead to the overprovision of climate benefits at the expense of food and timber production.…”

Section: Requirements and Limitations Of A Comprehensive Policymentioning

confidence: 99%

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On the optimal regulation of land use sector climate impacts

Rautiainen¹

2019

Diss. For.

Self Cite

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The authors jointly planned the study. AR contributed to the design of the model and the derivation of the optimal policy. AR was primarily responsible for the writing the article. Article II: The authors jointly planned the study. AR conducted the numerical analyses and was primarily responsible for the writing the article. Article III: AR participated in the planning of the study and in work on the proofs. AR wrote a preliminary version of the manuscript. Article IV: The authors jointly planned the study. AR was primarily responsible for Sections 1 and 3-6, but also participated in the preparation of Section 2.

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On physical and social-cost-based CO2 equivalents for transient albedo-induced forcing

Lintunen

Rautiainen

2021

Ecological Economics

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Market-Level Implications of Regulating Forest Carbon Storage and Albedo for Climate Change Mitigation

Cited by 10 publications

References 35 publications

Economics of carbon storage in heterogeneous forests

Economics of carbon storage in heterogeneous forests

On the optimal regulation of land use sector climate impacts

On physical and social-cost-based CO2 equivalents for transient albedo-induced forcing

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