Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192683 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Discussion Papers No. 701
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
This paper presents an adjusted Faustmann Rule for optimal harvest of a forest in the presence of a social cost of carbon emissions. A contribution of the paper is to do this within theoretical and numerical frameworks that take account of the dynamics and interactions of the forest's multiple carbon pools within an infinite time horizon model. With our less restrictive assumptions we find that a social cost of carbon has a significantly stronger effect on the optimal harvest age than found in earlier studies. Considered is also how increased use of harvest residues for energy purposes and storage of carbon in building materials and furniture should influence the length of the rotation period. The theoretical results are quantified within a numerical framework.
Schlagwörter: 
climate
forestry
biofuels
Faustmann
carbon.
JEL: 
Q23
Q54
Q42
Dokumentart: 
Working Paper

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