Sensitivity analysis in calculating the social value of carbon sequestered in British grown Sitka spruce

Brainard, JS, Lovett, AA and Bateman, IJ (2006) Sensitivity analysis in calculating the social value of carbon sequestered in British grown Sitka spruce. Journal of Forest Economics, 12 (3). pp. 201-228.

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Abstract

We describe a model that estimates the social benefits of carbon (C) sequestered in plantation Sitka spruce in Great Britain. Final net present values (NPV, base year=2003) resulting from plausible variations in model parameters are calculated. The discount rate, social value of C, timber yield, rate of gain into live wood, length of rotation, lifetime of products, amount of C displaced by products and the changes in C flux on afforested peat soils are the most influential model components. The study predicts that C fluxes in actively managed forests in second or subsequent rotations or planted on peat soils will tend to have low or (on average) negative NPV.

Item Type: Article
Uncontrolled Keywords: carbon sequestration,woodland,sitka spruce,uncertainty
Faculty \ School: Faculty of Science > School of Environmental Sciences
University of East Anglia > Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE)
University of East Anglia > Faculty of Science > Research Groups > Resources, Sustainability and Governance
Related URLs:
Depositing User: Rosie Cullington
Date Deposited: 25 Jan 2011 15:10
Last Modified: 25 Jul 2018 06:05
URI: https://ueaeprints.uea.ac.uk/id/eprint/19487
DOI: 10.1016/j.jfe.2006.08.002

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