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Optimal carbon storage in even- and uneven-aged forestry

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  • Assmuth, Aino
  • Tahvonen, Olli

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.

Suggested Citation

  • Assmuth, Aino & Tahvonen, Olli, 2018. "Optimal carbon storage in even- and uneven-aged forestry," Forest Policy and Economics, Elsevier, vol. 87(C), pages 93-100.
    • Handle: RePEc:eee:forpol:v:87:y:2018:i:c:p:93-100
    DOI: 10.1016/j.forpol.2017.09.004
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    Citations

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    Cited by:

    1. Loisel, Patrice, 2020. "Under the risk of destructive event, are there differences between timber income based and carbon sequestration based silviculture?," Forest Policy and Economics, Elsevier, vol. 120(C).
    2. Patto, João V. & Rosa, Renato, 2022. "Adapting to frequent fires: Optimal forest management revisited," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
    3. Mäntymaa, Erkki & Artell, Janne & Forsman, Jukka T. & Juutinen, Artti, 2023. "Is it more important to increase carbon sequestration, biodiversity, or jobs? A case study of citizens' preferences for forest policy in Finland," Forest Policy and Economics, Elsevier, vol. 154(C).
    4. Kolo, Horst & Kindu, Mengistie & Knoke, Thomas, 2020. "Optimizing forest management for timber production, carbon sequestration and groundwater recharge," Ecosystem Services, Elsevier, vol. 44(C).
    5. West, Thales A.P. & Wilson, Chris & Vrachioli, Maria & Grogan, Kelly A., 2019. "Carbon payments for extended rotations in forest plantations: Conflicting insights from a theoretical model," Ecological Economics, Elsevier, vol. 163(C), pages 70-76.
    6. Aino Assmuth & Janne Rämö & Olli Tahvonen, 2021. "Optimal Carbon Storage in Mixed-Species Size-Structured Forests," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 249-275, June.

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