Matches in SemOpenAlex for { <https://semopenalex.org/work/W2991301105> ?p ?o ?g. }
- W2991301105 abstract "Forests will have two notable economic roles in the future: providing renewable raw material and storing carbon to mitigate climate change. The pricing of forest carbon leads to longer rotation times and consequently larger carbon stocks, but also exposes landowners to a greater risk of forest damage. This paper investigates optimal forest rotation under carbon pricing and forest damage risk. I provide the optimality conditions for this problem and illustrate the setting with numerical calculations representing boreal forests under a range of carbon prices and damage probabilities. The relation between damage probability and carbon price towards the optimal rotation length is nearly linear, with carbon pricing having far greater impact. As such, increasing forest carbon stocks by lengthening rotations is an economically attractive method for climate change mitigation, despite the forest damage risk. Carbon pricing also increases land expectation value and reduces the economic risks of the landowner. The production possibility frontier under optimal rotation suggests that significantly larger forests carbon stocks are achievable, but imply lower harvests. However, forests' societally optimal role between these two activities is not yet clear-cut; but rests on the future development of relative prices between timber, carbon and other commodities dependent on land-use." @default.
- W2991301105 created "2019-12-05" @default.
- W2991301105 creator A5001676489 @default.
- W2991301105 date "2019-11-30" @default.
- W2991301105 modified "2023-09-23" @default.
- W2991301105 title "Optimal forest rotation under carbon pricing and forest damage risk" @default.
- W2991301105 cites W1859122189 @default.
- W2991301105 cites W1906015698 @default.
- W2991301105 cites W1950163191 @default.
- W2991301105 cites W1991701168 @default.
- W2991301105 cites W2013777280 @default.
- W2991301105 cites W2036740724 @default.
- W2991301105 cites W2047312117 @default.
- W2991301105 cites W2058378477 @default.
- W2991301105 cites W2093000756 @default.
- W2991301105 cites W2106399366 @default.
- W2991301105 cites W2120087589 @default.
- W2991301105 cites W2123297034 @default.
- W2991301105 cites W2127793860 @default.
- W2991301105 cites W2135802907 @default.
- W2991301105 cites W2143924316 @default.
- W2991301105 cites W2150206334 @default.
- W2991301105 cites W2167079704 @default.
- W2991301105 cites W2246286334 @default.
- W2991301105 cites W2287926685 @default.
- W2991301105 cites W2464044957 @default.
- W2991301105 cites W2618708155 @default.
- W2991301105 cites W2740518292 @default.
- W2991301105 cites W2743410411 @default.
- W2991301105 cites W2766136866 @default.
- W2991301105 cites W2780729125 @default.
- W2991301105 cites W2783299378 @default.
- W2991301105 cites W2886707213 @default.
- W2991301105 hasPublicationYear "2019" @default.
- W2991301105 type Work @default.
- W2991301105 sameAs 2991301105 @default.
- W2991301105 citedByCount "0" @default.
- W2991301105 crossrefType "posted-content" @default.
- W2991301105 hasAuthorship W2991301105A5001676489 @default.
- W2991301105 hasConcept C104779481 @default.
- W2991301105 hasConcept C11413529 @default.
- W2991301105 hasConcept C132651083 @default.
- W2991301105 hasConcept C140205800 @default.
- W2991301105 hasConcept C162324750 @default.
- W2991301105 hasConcept C175605778 @default.
- W2991301105 hasConcept C18903297 @default.
- W2991301105 hasConcept C205649164 @default.
- W2991301105 hasConcept C22884784 @default.
- W2991301105 hasConcept C2524010 @default.
- W2991301105 hasConcept C2779200991 @default.
- W2991301105 hasConcept C33923547 @default.
- W2991301105 hasConcept C39432304 @default.
- W2991301105 hasConcept C47737302 @default.
- W2991301105 hasConcept C530467964 @default.
- W2991301105 hasConcept C74050887 @default.
- W2991301105 hasConcept C86803240 @default.
- W2991301105 hasConcept C87621631 @default.
- W2991301105 hasConcept C97137747 @default.
- W2991301105 hasConceptScore W2991301105C104779481 @default.
- W2991301105 hasConceptScore W2991301105C11413529 @default.
- W2991301105 hasConceptScore W2991301105C132651083 @default.
- W2991301105 hasConceptScore W2991301105C140205800 @default.
- W2991301105 hasConceptScore W2991301105C162324750 @default.
- W2991301105 hasConceptScore W2991301105C175605778 @default.
- W2991301105 hasConceptScore W2991301105C18903297 @default.
- W2991301105 hasConceptScore W2991301105C205649164 @default.
- W2991301105 hasConceptScore W2991301105C22884784 @default.
- W2991301105 hasConceptScore W2991301105C2524010 @default.
- W2991301105 hasConceptScore W2991301105C2779200991 @default.
- W2991301105 hasConceptScore W2991301105C33923547 @default.
- W2991301105 hasConceptScore W2991301105C39432304 @default.
- W2991301105 hasConceptScore W2991301105C47737302 @default.
- W2991301105 hasConceptScore W2991301105C530467964 @default.
- W2991301105 hasConceptScore W2991301105C74050887 @default.
- W2991301105 hasConceptScore W2991301105C86803240 @default.
- W2991301105 hasConceptScore W2991301105C87621631 @default.
- W2991301105 hasConceptScore W2991301105C97137747 @default.
- W2991301105 hasLocation W29913011051 @default.
- W2991301105 hasOpenAccess W2991301105 @default.
- W2991301105 hasPrimaryLocation W29913011051 @default.
- W2991301105 hasRelatedWork W1137110739 @default.
- W2991301105 hasRelatedWork W1485870101 @default.
- W2991301105 hasRelatedWork W1564268674 @default.
- W2991301105 hasRelatedWork W1976840925 @default.
- W2991301105 hasRelatedWork W2029436466 @default.
- W2991301105 hasRelatedWork W2047869128 @default.
- W2991301105 hasRelatedWork W2058378477 @default.
- W2991301105 hasRelatedWork W2068635835 @default.
- W2991301105 hasRelatedWork W2093468726 @default.
- W2991301105 hasRelatedWork W2183551439 @default.
- W2991301105 hasRelatedWork W2185608631 @default.
- W2991301105 hasRelatedWork W2346025320 @default.
- W2991301105 hasRelatedWork W2489795868 @default.
- W2991301105 hasRelatedWork W2793050263 @default.
- W2991301105 hasRelatedWork W2922071519 @default.
- W2991301105 hasRelatedWork W2932183390 @default.
- W2991301105 hasRelatedWork W3043900796 @default.
- W2991301105 hasRelatedWork W3125239731 @default.
- W2991301105 hasRelatedWork W32171306 @default.
- W2991301105 hasRelatedWork W2154916721 @default.