Submitted:
20 April 2020
Posted:
22 April 2020
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Abstract
The expense of carbon sequestration in terms of capital return deficiency is investigated at estate level, in the case of a fertile boreal estate dominated by spruce forest. Thinnings from below result as a high expense of increased rotation age, thinnings from above as a small expense. The expense of increased timber stock is greater than any proportional carbon rent based on present carbon prices. Application of non-proportional carbon rent is proposed.
Keywords:
Capitalization
; capital return rate deficiency
; expected value
; carbon storage
; timber stock
; carbon rent
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