Non-consumptive benefits which increase with crop age, like keeping carbon sequestered, lengthen optimal rotation compared with rotation for timber alone. High proposed carbon prices may extend rotation indefinitely. Carbon storage in wood products reduces this tendency. Biomass as an energy source displacing fossil fuels favours rotations near those of maximum biomass productivity. Use of sawn timber to displace structural materials with high embodied carbon favours somewhat longer rotations. Effects of rotation on soil carbon, and fossil carbon volatilised in harvesting operations, are further complications. Including all carbon effects results in optimal rotations somewhat longer than those based only on timber value, but shorter than those based on timber plus forest carbon. To include all factors intuitively is not possible: balanced appraisal needs economic calculations.
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1 August 2011
Research Article|
August 01 2011
The multiple effects of carbon values on optimal rotation
Colin Price;
Colin Price
School of the Environment, Natural Resources and Geography,
Bangor University
, Bangor, Gwynedd LL57 2UW, UK
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Rob Willis
Rob Willis
Moelyci Environmental Centre, Lon Felin Hen, Tregarth, Bangor, Gwynedd, LL57 4BB
, UK
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Received:
January 29 2010
Accepted:
February 08 2011
Online ISSN: 1618-1530
Print ISSN: 1104-6899
© 2011 Department of Forest Economics, SLU Umeå, Sweden. Published by Elsevier GmbH. All rights reserved
2011
Department of Forest Economics, SLU Umeå, Sweden. Published by Elsevier GmbH
Licensed re-use rights only
Journal of Forest Economics (2011) 17 (3): 298–306.
Article history
Received:
January 29 2010
Accepted:
February 08 2011
Citation
Price C, Willis R (2011), "The multiple effects of carbon values on optimal rotation". Journal of Forest Economics, Vol. 17 No. 3 pp. 298–306, doi: https://doi.org/10.1016/j.jfe.2011.02.002
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