Effect of Carbon Taxes and Subsidies on Optimal Forest Rotation Age and Supply of Carbon Services

DOI Web Site 被引用文献6件

書誌事項

公開日
1995-05
権利情報
  • http://onlinelibrary.wiley.com/termsAndConditions#vor
DOI
  • 10.2307/1243546
公開者
Wiley

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説明

<jats:title>Abstract</jats:title><jats:p>Carbon taxes and subsidies will affect the optimal forest rotation and, consequently, the carbon stored in forests. Unlike the Hartman rotation, where externality benefits are a function of the volume of timber growing on a site at any time, carbon benefits are a function of the change in biomass. Theoretical and empirical results (for coastal British Columbia and northern Alberta) indicate that, under some tax regimes, it may be socially optimal never to harvest the trees. In general, inclusion of the external benefits from carbon uptake results in rotation ages only a bit longer than the financial (Faustmann) rotation age.</jats:p>

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