Deferred rotation carbon programs for even-aged forests: Aligning landowner and societal objectives

IF 4 2区 农林科学 Q1 ECONOMICS Forest Policy and Economics Pub Date : 2024-08-01 DOI:10.1016/j.forpol.2024.103295
Pedro J. Sartori, Stella Z. Schons, Gregory S. Amacher, Harold Burkhart
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Abstract

Forest carbon program opportunities continue to expand for nonindustrial private landowners. We propose a novel forest harvest deferral-based program that would offer a stream of payments (a subsidy) for landowners in exchange for a rotation deferral. We analytically derive a representative landowner's marginal costs and marginal benefits associated with the deferred forest rotation and calculate the minimum payment necessary to incentivize a landowner to choose the socially optimal rotation instead of the private solution. At the socially optimal rotation age, the benefits to society from harvest deferral stem from the additional CO2 sequestered through biomass production and storage of CO2 for the longer periods inherent in sawtimber products. A simulation is used to assess how sensitive the socially optimal rotation age is to different site productivity levels and other assumptions. We show that more productive sites mean shorter forest rotation extension periods and demand higher payments due to the higher land and capital opportunity costs involved with deferred harvests. We also show that a longer sawtimber lifespan increases the socially optimal rotation time. All scenarios explored suggest that rotation extensions should be greater than one and shorter than twenty years. The methodology we propose is the only one that we are aware of that objectively determines the optimal forest harvest deferral time for different scenarios while aligning private landowner and societal objectives.

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偶数年限森林的延迟轮伐碳计划:协调土地所有者和社会目标
对于非工业化的私人土地所有者来说,森林碳计划的机会在不断扩大。我们提出了一个新颖的基于森林采伐延期的项目,为土地所有者提供一系列付款(补贴)以换取轮伐延期。我们通过分析推导出一个具有代表性的土地所有者与推迟森林轮伐相关的边际成本和边际收益,并计算出激励土地所有者选择社会最优轮伐方案而非私人方案所需的最低付款额。在社会最优轮伐期,推迟采伐给社会带来的收益来自于通过生物质生产和锯材产品固有的更长时间的二氧化碳封存所产生的额外二氧化碳封存。我们通过模拟来评估社会最优轮伐期对不同地点生产力水平和其他假设的敏感程度。我们表明,生产力较高的地点意味着森林轮伐延长期较短,由于延迟采伐涉及较高的土地和资本机会成本,因此需要较高的付款。我们还表明,锯材寿命越长,社会最优轮伐时间就越长。所探讨的所有方案都建议轮伐期应大于 1 年,短于 20 年。据我们所知,我们提出的方法是唯一一种客观确定不同情况下最佳森林采伐延期时间的方法,同时兼顾了私人土地所有者和社会目标。
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来源期刊
Forest Policy and Economics
Forest Policy and Economics 农林科学-林学
CiteScore
9.00
自引率
7.50%
发文量
148
审稿时长
21.9 weeks
期刊介绍: Forest Policy and Economics is a leading scientific journal that publishes peer-reviewed policy and economics research relating to forests, forested landscapes, forest-related industries, and other forest-relevant land uses. It also welcomes contributions from other social sciences and humanities perspectives that make clear theoretical, conceptual and methodological contributions to the existing state-of-the-art literature on forests and related land use systems. These disciplines include, but are not limited to, sociology, anthropology, human geography, history, jurisprudence, planning, development studies, and psychology research on forests. Forest Policy and Economics is global in scope and publishes multiple article types of high scientific standard. Acceptance for publication is subject to a double-blind peer-review process.
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