Optimal management of a flammable forest providing timber and carbon sequestration benefits: an Australian case study

Daniel Spring, John Kennedy and Ralph Mac Nally

Australian Journal of Agricultural and Resource Economics, 2005, vol. 49, issue 3, 18

Abstract: In deciding to keep or fell a forest stand given its age, the risk of loss of timber through wildfire is an important consideration. If trees also have value from sequestration of carbon, another effect of fire is the unplanned loss of stored carbon. Factors affecting the decision to keep or fell trees, and how much to spend on fire protection, are investigated using stochastic dynamic programming, using carbon sequestration in stands of mountain ash in Victoria as a case study. The effect of treating sawlogs as a permanent carbon sink after harvesting is explored.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Optimal management of a flammable forest providing timber and carbon sequestration benefits: an Australian case study (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:118504

DOI: 10.22004/ag.econ.118504

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