Journal
ECOLOGICAL ECONOMICS
Volume 88, Issue -, Pages 86-96Publisher
ELSEVIER
DOI: 10.1016/j.ecolecon.2013.01.012
Keywords
Forest management; Climate change; Carbon sequestration; Selective logging; Mitigation cost
Funding
- Spanish Ministry of Science and Technology [Econ2010-17020]
- program FEDER of the European Union, Government of Catalonia [XREPP, 2009 SGR189]
- Barcelona GSE
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Climatic changes will affect the dynamics of a forest ecosystem. Consequently, carbon sequestration costs can only be estimated correctly if changes in climatic conditions are considered. This article determines the changes in mitigation costs of an optimal forest management regime in the presence of climatic changes and varying prices, and takes account of substitution processes between timber production and carbon sequestration at the stand level. The study demonstrates that in the presence of climate change the sequestration costs per ton of carbon increase with higher amounts of carbon sequestered per hectare. This finding can be used to identify a threshold for the amount of sequestered carbon per hectare below which the costs of carbon sequestration are hardly influenced by climate change. (C) 2013 Elsevier B.V. All rights reserved.
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