The multiple effects of carbon values on optimal rotation

Colin Price and Rob Willis

Journal of Forest Economics, 2011, vol. 17, issue 3, 298-306

Abstract: Non-consumptive benefits which increase with crop age, like keeping carbon sequestered, lengthen optimal rotation compared with rotation for timber alone. High proposed carbon prices may extend rotation indefinitely. Carbon storage in wood products reduces this tendency. Biomass as an energy source displacing fossil fuels favours rotations near those of maximum biomass productivity. Use of sawn timber to displace structural materials with high embodied carbon favours somewhat longer rotations. Effects of rotation on soil carbon, and fossil carbon volatilised in harvesting operations, are further complications. Including all carbon effects results in optimal rotations somewhat longer than those based only on timber value, but shorter than those based on timber plus forest carbon. To include all factors intuitively is not possible: balanced appraisal needs economic calculations.

Keywords: Optimal; forest; rotation; Carbon; fluxes; Biomass; energy; Structural; displacement (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (20)

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