Several studies have examined the theoretical aspects of determining the optimal carbon rotation. This paper explores the tradeoff between timber and net carbon sequestration in managing representative forest management types in North Carolina. Under conservative assumptions regarding the social benefits of carbon storage, optimal rotation periods are extended depending on the forest type, carbon price, interest rate, and emission penalty under consideration. Analysis shows when carbon price is low the extension of the joint timber-carbon rotation are similar among DOE, CCX, and VCS protocols; when carbon price is high, the joint rotation extends longer under DOE protocol than the other two protocols, especially in the lowland hardwood forest type. Results suggest that such joint strategies could be financially attractive. Sensitivity analysis is used to examine the effects of changes in financial parameters on landowner returns and optimal management. Under most assumptions, our findings indicate that including carbon sequestration in forest management increases returns but leads to only marginal changes in rotation length.
| Identifer | oai:union.ndltd.org:NCSU/oai:NCSU:etd-11052009-234247 |
| Date | 02 December 2009 |
| Creators | Liu, Shan |
| Contributors | Dr. Robert C. Abt |
| Publisher | NCSU |
| Source Sets | North Carolina State University |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://www.lib.ncsu.edu/theses/available/etd-11052009-234247/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dis sertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to NC State University or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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