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Estimating Values of Carbon Sequestration and Nutrient Recycling in Forests: An Application to the Stockholm-Mälar Region in Sweden

Gren, Ing-Marie (2015). Estimating Values of Carbon Sequestration and Nutrient Recycling in Forests: An Application to the Stockholm-Mälar Region in Sweden. Forests. 6:10, 3594-3613
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Abstract

We calculate values of forest carbon sequestration and nutrient recycling applying the replacement cost method. The value is then determined as the savings in costs by the replacement of more expensive abatement measures with these ecosystem services in cost-effective climate and nutrient programs. To this end, a dynamic optimization model is constructed, which accounts for uncertainty in sequestration. It is applied to the Stockholm-Malar region in southeast Sweden where the EU 2050 climate policy for carbon emissions and the Baltic Sea action plan for nutrient discharges are applied. The results show that the value of carbon and nutrient sequestration can correspond to approximately 0.5% of the region's gross domestic product, or 40% of the value of productive forest. The largest part of this value is attributed to carbon sequestration because of the relative stringency in targets and expensive alternative abatement measures. However, sequestration is uncertain because of stochastic weather conditions, and when society has a large risk aversion for not attaining climate and nutrient targets, the values of the forest carbon and nutrient sequestration can approach zero.

Authors/Creators:Gren, Ing-Marie
Title:Estimating Values of Carbon Sequestration and Nutrient Recycling in Forests: An Application to the Stockholm-Mälar Region in Sweden
Series/Journal:Forests (1999-4907)
Year of publishing :2015
Depositing date:8 January 2016
Volume:6
Number:10
Page range:3594-3613
Number of Pages:20
Publisher:MDPI
ISSN:1999-4907
Language:English
Publication Type:Journal article
Refereed:Yes
Article category:Scientific peer reviewed
Version:Published version
Full Text Status:Public
Agris subject categories.:E Economics, development, and rural sociology > E16 Production economics
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Agrovoc terms:carbon, nutrient cycling in ecosystems, Sweden, climate
Keywords:forest carbon and nutrient sequestration, values, replacement cost method, uncertainty, Stockholm-Mälar region
URN:NBN:urn:nbn:se:slu:epsilon-e-3165
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-3165
Additional ID:
Type of IDID
Web of Science (WoS)000364230800012
DOI10.3390/f6103594
ID Code:12920
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:08 Jan 2016 14:36
Metadata Last Modified:10 Feb 2016 15:18

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