We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Impact of Harvest-Level Changes on Carbon Accumulation and Timber Stumpage Prices in Mississippi.
- Authors
Nepal, Prakash; Grala, Robert K.; Grebner, Donald L.; Abt, Robert C.
- Abstract
While implementation of carbon dioxide (CO2) mitigation policies may promote an increased forest-based carbon sequestration, this will likely change future timber-harvest levels and impact financially the entire forest sector. This study projected carbon accumulation in Mississippi's forests, timber stumpage prices, and timber and carbon revenues during 2006-2051 for a business-as-usual (BAU) and four alternative timber-harvest scenarios representing varying harvest levels possibly induced by a CO2 mitigating policy. Results indicated a potential to increase forest carbon accumulation by up to 197 teragrams (Tg) by 2051 (34% more than in the BAU scenario). The alternative harvest scenarios resulted in real timber stumpage price increases in the short term (1-35 years), whereas in the long-term (36-45 years), timber prices decreased. In the alternative harvest scenarios, the present value of harvested timber and carbon revenues ranged from US$6.47 billion to US$8.18 billion at a carbon price of US$2.07 per ton (t) of CO2 equivalent (CO2e) and from US$7.35 billion to US$11.08 billion at US$15.00/tCO2e, which was higher than in the BAU harvest scenario (US$4.96 billion). The analysis suggested that forest landowners will benefit from CO2 mitigating policies that pay for sequestering carbon because of carbon revenues and potentially higher timber revenues due to increased stumpage prices.
- Subjects
MISSISSIPPI; CARBON sequestration; VALUATION of forests; FOREST landowners; CARBON dioxide mitigation; TIMBER; WOOD products
- Publication
Southern Journal of Applied Forestry, 2013, Vol 37, Issue 3, p160
- ISSN
0148-4419
- Publication type
Article
- DOI
10.5849/sjaf.12-020