This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

The social value of carbon sequestered in Great Britain's woodlands

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Brainard, Julii
Bateman, Ian J.
Lovett, Andrew A.

Additional information is available for the following registered author(s):

Abstract

The economic value of carbon storage associated with British woodland is calculated. Models were developed to estimate C flux associated with live trees, forest floor litter, soils, wood products, harvest, fossil fuel used in manufacturing and C displacement from biofuels and products for representative British plantation species: Sitka spruce (Picea sitchensis) and beech (Fagus sylvatica). Map databases of publicly and privately owned woodlands were compiled for Great Britain. Carbon flux was determined for individual woodland sites, and monetised using candidate parameters for the social discount rate (1, 3, 3.5 or 5%) and social value of carbon (US$109.5, $1, $10 or $17.10/t). A conventional discount function was applied. Final results are expressed as Net Present Values, for the base year 2001, with discounting commencing in 2002. The minimum suggested NPV (discount rate = 3% and social value of carbon = $1) of GB woodlands already existing in 2001 is $82 million, with a further $72 million that might be added by future afforestation. These figures rise dramatically if a discount rate of 1% and social value of sequestered carbon = $109.5/t are assumed. The calculated total value of C stored in British woodland depends significantly on parameter assumptions, especially about appropriate discount rate and social value of sequestered carbon.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sciencedirect.com/science/article/B6VDY-4TKSNK0-1/2/1b68c04120a35fc78b5501430dbd7a99
File Format:
File Function:
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 68 (2009)
Issue (Month): 4 (February)
Pages: 1257-1267
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eee:ecolec:v:68:y:2009:i:4:p:1257-1267

Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolecon

For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).

Related research
Keywords: Carbon sequestration Woodlands Forestry Commission Greenhouse gases Peat;

Statistics
Access and download statistics

Did you know? Apart from a small start up grant in the 1990's, RePEc has received no funding and lives on the help of volunteers.

This page was last updated on 2009-12-3.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.