Abstract

Management implications associated with two different silvicultural strategies in two Spanish pine forests (Scots pine stands in northern Spain and Mediterranean Maritime pine stands in Central Spain) were explored. Whole-stand yield, growth models and individual tree equations were used to estimate carbon stock in forests under different silvicultural alternatives and site indexes. Each alternative was evaluated on the basis of the land expectation value (LEV). Results reveal the appropriateness of implementing carbon payments, because it can clearly complement traditional management objectives in economic terms. Longer rotations on the poorest sites result in a positive economic return by introducing carbon output. The proportion of carbon stock in the final harvest relative to total fixed carbon is always higher in long rotation scenarios. However, short rotation systems produce the highest values of carbon MAI regardless of site index. The impact of carbon price is higher on the Maritime pine stands than on Scots pine stands. For both the species, changes in the discount rate have a minor impact on Carbon LEV. Notwithstanding, the proportion of total LEV due to carbon is greater when the discount rate increases.

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