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Multifunctional Forestry and Interaction with Site Quality

Artikel i vetenskaplig tidskrift
Författare I. M. Gren
Franklin Amuakwa-Mensah
Publicerad i Forests
Volym 11
Nummer/häfte 1
ISSN 1999-4907
Publiceringsår 2020
Publicerad vid Environment for Development (EfD)
Språk en
Länkar dx.doi.org/10.3390/f11010029
Ämnesord timber benefit, ecological site quality, carbon sequestration, forest, Sweden, carbon sequestration, cost-efficient, rotation age, productivity, economics, model, Forestry
Ämneskategorier Skogsvetenskap

Sammanfattning

Several studies have shown the economic value of various ecosystem services provided by the forest. However, the economic value of how site-specific ecological conditions interact with other functions provided by the forest, such as timber value and carbon sequestration, has been less studied. As a result, this paper constructs a numerical discrete dynamic optimization model to estimate the economic value of site quality, taking into account its interaction with timber value and carbon sequestration, in Swedish forests. Analytical results show that the inclusion of the interaction of site quality with forest growth affects the optimal volume of harvest per year, compared to the case without consideration of site quality. The empirical results show that net present value, when considering timber values plus carbon sequestration and site quality interaction, is higher than the case where only timber and carbon sequestration were considered. However, the calculated net present value is sensitive to, in particular, the price of carbon sequestration and discount rate.

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