Managing Commercial Tree Species for Timber Production and Carbon Sequestration: Management Guidelines and Financial Returns
Author(s) -
Gary D. Kronrad
Publication year - 2006
Publication title -
osti oai (u.s. department of energy office of scientific and technical information)
Language(s) - English
Resource type - Reports
DOI - 10.2172/927777
Subject(s) - carbon sequestration , profitability index , production (economics) , carbon fibers , carbon credit , business , natural resource economics , environmental science , agroforestry , finance , economics , ecology , greenhouse gas , carbon dioxide , microeconomics , computer science , algorithm , composite number , biology
A carbon credit market is developing in the United States. Information is needed by buyers and sellers of carbon credits so that the market functions equitably and efficiently. Analyses have been conducted to determine the optimal forest management regime to employ for each of the major commercial tree species so that profitability of timber production only or the combination of timber production and carbon sequestration is maximized. Because the potential of a forest ecosystem to sequester carbon depends on the tree species, site quality and management regimes utilized, analyses have determined how to optimize carbon sequestration by determining how to optimally manage each species, given a range of site qualities, discount rates, prices of carbon credits and other economic variables. The effects of a carbon credit market on the method and profitability of forest management, the cost of sequestering carbon, the amount of carbon that can be sequestered, and the amount of timber products produced has been determined
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