Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

The Effect of Empirical Log Yield Observations on Carbon Storage Economics

Version 1 : Received: 12 November 2020 / Approved: 13 November 2020 / Online: 13 November 2020 (13:49:46 CET)

How to cite: Kärenlampi, P.P. The Effect of Empirical Log Yield Observations on Carbon Storage Economics. Preprints 2020, 2020110383 (doi: 10.20944/preprints202011.0383.v1). Kärenlampi, P.P. The Effect of Empirical Log Yield Observations on Carbon Storage Economics. Preprints 2020, 2020110383 (doi: 10.20944/preprints202011.0383.v1).

Abstract

An empirical model for log yield from trees is established and applied in microeconomics of carbon storage in a boreal spruce estate. The transition from pulpwood to sawlogs is a smoother function of stem diameter in the empirical data, in comparison to literature values. Correspondingly, the value transition of trees along with increasing size is gentler. Due to price premium of sawlogs from clearcuttings, all economically feasible treatment schedules terminate in clearcutting. Best capital return rates are gained with two heavy thinnings from above before clearcutting. Present carbon emission prices allow moderate carbon storage increment if the increment is compensated by proportional carbon rent. Doubling the present carbon prices would allow strong carbon storage increments if compensated by carbon rent. Application of nonproportional carbon rent is proposed.

Subject Areas

capitalization; capital return rate deficiency; expected value; carbon storage; timber stock; carbon rent

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