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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)
A peer-reviewed article of this Preprint also exists.
Kärenlampi, P.P. The Effect of Empirical Log Yield Observations on Carbon Storage Economics. Forests 2020, 11, 1312. Kärenlampi, P.P. The Effect of Empirical Log Yield Observations on Carbon Storage Economics. Forests 2020, 11, 1312.
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.
Keywords
capitalization; capital return rate deficiency; expected value; carbon storage; timber stock; carbon rent
Subject
Biology and Life Sciences, Anatomy and Physiology
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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