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
{"title":"Deferred rotation carbon programs for even-aged forests: Aligning landowner and societal objectives","authors":"","doi":"10.1016/j.forpol.2024.103295","DOIUrl":null,"url":null,"abstract":"<div><p>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 CO<sub>2</sub> sequestered through biomass production and storage of CO<sub>2</sub> 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.</p></div>","PeriodicalId":12451,"journal":{"name":"Forest Policy and Economics","volume":null,"pages":null},"PeriodicalIF":4.0000,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Forest Policy and Economics","FirstCategoryId":"97","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1389934124001497","RegionNum":2,"RegionCategory":"农林科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

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.

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
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。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
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.
期刊最新文献
Reviewing factors that influence voluntary participation in conservation programs in Latin America Preliminary evidence of softwood shortage and hardwood availability in EU regions: A spatial analysis using the European Forest Industry Database How contracted tree farmers engage in and benefit from inclusive value chains: Evidence from Vietnam Outsourcing stumpage price uncertainty with American put option for active timber management1 Multiple crises as a policy window for forest and nature a power-analysis from Germany
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1