An economic analysis of the establishment of forest plantations in the United Kingdom to mitigate climatic change

Nijnik, Maria; Pajot, Guillaume; Moffat, Andy; Slee, Bill

doi:10.1016/j.forpol.2012.10.002

Cited by 35 publications

(20 citation statements)

References 15 publications

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“…Risks caused by natural events (e. g. climate change, forest fire) and uncertainties of timber and carbon markets are not taken into consideration in this study. The high volatility in the market for carbon credits leads to significant uncertainty in future carbon revenues and it will remain an important factor to consider in economic analysis of afforestation for carbon sequestration (Nijnik, Pajot, Moffat, & Slee, 2013;Olschewski & Benitez, 2010). Although costs and prices are likely to change in future, the results derived from this study will provide valuable information on financial viability of increasing wood production and carbon sequestration benefits.…”

Section: Resultsmentioning

confidence: 97%

“…The determination of optimum cutting ages when considering timber production and the other forest ecosystem values together is very important for sustainable and multiple-use forest management. The results of this considerar en el análisis económico de la forestación para la captura de carbono (Nijnik, Pajot, Moffat, & Slee, 2013;Olschewski & Benitez, 2010). Aunque es probable que los costos y precios cambien en el futuro, los resultados derivados de este estudio proporcionarán información valiosa sobre la viabilidad financiera del aumento de beneficios en la producción de madera y captura de carbono.…”

Section: Discussionunclassified

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Edades óptimas de corte en bosques de álamos híbridos incluyendo captación de carbono: Un estudio de caso en Turquía

Keleş¹

2016

Rev Cha Se Cie For y del Amb

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It also evaluates the effects of different discount rates and carbon prices on the optimum cutting ages using net present value approach. The growth and yield curves and biomass/ carbon conversion factors for hybrid poplar plantations with forest plantation costs are used to determine the optimum cutting ages. Results of the case study showed that the integration of carbon sequestration benefits into wood benefits increased the optimum cutting ages of hybrid poplar plantations. Optimum cutting ages decreased from 19 to 14 years depending on the increase in discount rates. When carbon prices increased, the optimum cutting ages also increased from 17 to 20 years. In the presence of carbon sequestration benefits, increasing the optimum cutting age yields net economic benefits of 374 to 1,654 US$·ha -1. Total net present values obtained from wood production and carbon sequestration benefits increased between 6 and 26 % depending on the increase in carbon prices (from 0 to 40 US$·t -1 carbon). ResumenE n la actualidad, la determinación de las edades óptimas de corte, incluyendo diversos valores de ecosistemas forestales junto con la producción de madera, es extremadamente importante en la silvicultura. Este estudio presenta las edades óptimas de corte en Populus x euramericana (Dode) Guinier cv. I-214, incluyendo la producción de madera y los valores de captura de carbono en Turquía. También se evalúan los efectos de las tasas de descuento y precios del carbono en las edades óptimas de corte, utilizando el método del valor actual neto. Las curvas de crecimiento y rendimiento y los factores de conversión de carbono/biomasa con costos de plantación forestales se utilizaron para determinar las edades óptimas de corte. Los resultados del estudio de caso mostraron que la integración de los beneficios de captura de carbono con los beneficios de la madera incrementó las edades óptimas de corte de los bosques de álamo híbrido. Las edades óptimas de corte descendieron de 19 a 14 años, dependiendo del aumento en las tasas de descuento. Cuando los precios de carbono aumentaron, las edades óptimas de corte también aumentaron de 17 a 20 años. En presencia de los beneficios de captura de carbono, el aumento de las edades óptimas de corte produjo beneficios económicos netos de 374 a 1,654 USD·ha -1 . Los valores actuales netos totales, obtenidos de la producción de madera y beneficios de captura de carbono, aumentaron entre 6 y 26 %, dependiendo del aumento de los precios del carbono (de 0 a 40 USD·t -1 carbono).Received: December 10, 2015 / Accepted: June 15, 2016.Palabras clave: Edad de corte, manejo forestal, cambio climático, valor actual neto, captura de carbono.

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Section: Resultsmentioning

confidence: 97%

Section: Discussionunclassified

Edades óptimas de corte en bosques de álamos híbridos incluyendo captación de carbono: Un estudio de caso en Turquía

Keleş¹

2016

Rev Cha Se Cie For y del Amb

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“…By discounting and thereby converting all costs and benefits to present values, we can take into account the temporal distribution of the costs and benefits of ES provision (Hanley and Spash 1993. However, the next issue is to choose the most appropriate discount rate as this can have significant impacts on the final outcome of ES valuation (Nijnik et al 2012b) .…”

Section: Insights Into Conventional Methods Of Ecosystem Services Valmentioning

confidence: 99%

“…Guidelines recommend a discount rate of 3.5% and the use of different declining discount rates over the longer term (Nijnik et al 2012b). …”

Section: Endnotesmentioning

confidence: 99%

Valuation of ecosystem services: paradox or Pandora’s box for decision-makers?

Nijnik

Miller²

2017

Self Cite

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The valuation of ecosystem services (ES) employs a range of methods. Based on a literature review and selected empirical examples, we consider major opportunities and challenges in ecosystem services valuation. We analyse when different valuation methods are appropriate and most useful. We demonstrate that mechanisms to capture benefits and costs are needed; and that the use of valuation should be incorporated more widely in decision-making. However, we argue that ecosystems are complex systems: neither the ecosystems or the services that they provide are a sum, but are an interrelated system of components. If a component vanishes the whole system may collapse. Therefore, critical natural capital management, in particular, cannot rely on monetary values; whilst the maintanance of the whole system should be considered. Monetary valuation of biodiversity and landscapes is also problematic because of their uniqueness and distinctiveness, a shortage of robust primary valuations, and numerous complexities and uncertainties. We conclude that mixed method and deliberative discourse techniques, as well as proper integration of research tools, should be more widely applied to help decision-makers and the public to understand and assess changes in ES. The approaches developed and tested by us, as presented in this paper, can provide more complete, comprehensive and impartial insights into a range of benefits that humans derive from ecosystems. ‡ ‡

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“…Nijnik et al [58] have suggested that planting of fast growing trees such as Sitka spruce on low quality agricultural land is a cost-effective mechanism to sequester carbon. However, the same authors also recognize that emissions lost by soil disturbance are a critical factor.…”

Section: Implications Of Future Scenariosmentioning

confidence: 99%

Comparing Path Dependence and Spatial Targeting of Land Use in Implementing Climate Change Responses

Brown

Castellazzi

Feliciano

2014

Land

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Land use patterns are the consequence of dynamic processes that often include important legacy issues. Evaluation of past trends can be used to investigate the role of path dependence in influencing future land use through a reference "business as usual" (BAU) scenario. These issues are explored with regard to objectives for woodland expansion in Scotland as a major pillar of climate change policy. Land use changes based upon recent trends and future transient scenarios to 2050 are used to assess viability of targets for reducing greenhouse gas emissions using analysis based on net emission change factors. The BAU scenario is compared with alternative future scenarios incorporating policy targets and stronger spatial targeting of land use change. Analysis highlights recent trends in new woodland planting on lower quality agricultural land due to socioeconomic and cultural factors. This land is mainly in the wetter uplands and often on carbon-rich soils. Woodland planting following this path dependence can therefore result in net carbon emissions for many years into the future due to soil disturbance during establishment. In contrast, alternative scenarios with more lowland woodland planting have net sequestration potential, with greatest benefits when carbon-rich soils are excluded from afforestation. Spatial targeting can also enhance other co-benefits such as habitat networks and climate change adaptation.

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An economic analysis of the establishment of forest plantations in the United Kingdom to mitigate climatic change

Cited by 35 publications

References 15 publications

Edades óptimas de corte en bosques de álamos híbridos incluyendo captación de carbono: Un estudio de caso en Turquía

Edades óptimas de corte en bosques de álamos híbridos incluyendo captación de carbono: Un estudio de caso en Turquía

Valuation of ecosystem services: paradox or Pandora’s box for decision-makers?

Comparing Path Dependence and Spatial Targeting of Land Use in Implementing Climate Change Responses

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