Valuing carbon sequestration benefits: An application to hoop pine plantations in north Queensland, Australia

Tyron J Venn; Steve R Harrison; John L Herbohn

doi:10.1080/14486563.2008.9725192

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Valuing carbon sequestration benefits: An application to hoop pine plantations in north Queensland, Australia

Journal article

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Valuing carbon sequestration benefits: An application to hoop pine plantations in north Queensland, Australia

Tyron J Venn, Steve R Harrison and John L Herbohn

Australasian Journal of Environmental Management, Vol.15(2), pp.121-130

2008

DOI: https://doi.org/10.1080/14486563.2008.9725192

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Abstract

greenhouse gas emissions

carbon accounting

carbon pools and fluxes

social benefit-cost analysis

A timber plantation carbon modelling procedure consistent with the Intergovernmental Panel on Climate Change and Australian greenhouse gas accounting methodologies is described with an application to hoop pine (Araucaria cunninghamii) on the southern Atherton Tablelands of north Queensland, Australia. We also compare the private financial performance (timber value only) and economic performance (timber plus carbon values) of hoop pine plantations. The carbon sequestration value of hoop pine on high quality sites is found to increase social returns to plantation investment substantially above private returns, but it only marginally expands the range of site qualities over which plantations are socio-economically justified. Despite the long rotation of hoop pine (45 years), economic performance is found to be sensitive to carbon modelling parameters, including the decay rate of long-life wood products. This suggests that research effort to quantify these parameters more precisely is warranted.

Details

Title: Valuing carbon sequestration benefits: An application to hoop pine plantations in north Queensland, Australia
Authors: Tyron J Venn (Author) - University of Montana, United States
Steve R Harrison (Author) - University of Queensland
John L Herbohn (Author) - University of Queensland
Publication details: Australasian Journal of Environmental Management, Vol.15(2), pp.121-130
Publisher: Taylor & Francis Ltd.
Date published: 2008
DOI: 10.1080/14486563.2008.9725192
ISSN: 1448-6563
Organisation Unit: Australian Centre for Pacific Islands Research; Tropical Forests and People Research Centre; University of the Sunshine Coast, Queensland; Forest Research Institute
Language: English
Record Identifier: 99448747202621
Output Type: Journal article

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