Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Forest Valuation under Carbon Pricing

Forest Valuation under Carbon Pricing

Meade, Richard

Paperback

Economics

ISBN10: 3639161246
ISBN13: 9783639161243
Publisher: Blues Kids Of Amer
Published: Jun 14 2009
Pages: 208
Weight: 0.69
Height: 0.48 Width: 6.00 Depth: 9.00
Language: English
Emissions trading schemes are increasingly being adopted to combat climate change. New Zealand created the world's first all sectors all gases such scheme in 2008, awarding tradable credits for carbon sequestration and imposing liabilities for emissions (i.e. harvest or deforestation) from forestry. Adding carbon pricing as a decision variable complicates forest and forest land valuation, highlighting the real options available to foresters (i.e. to defer harvest or to change land use). Standard forest valuation methodologies do not properly capture the value impacts of carbon pricing on forestry. This book was commissioned by the New Zealand Ministry of Agriculture and Forestry, and develops a new approach - bootstrapping real options analysis (BROA) - to address this shortcoming. The BROA approach is rich enough to capture the complexities of forest valuation under carbon pricing, while remaining tractable enough to find practical application. It should be useful to academics interested in valuing complex real options, as well as to academics, practitioners and policymakers interested in evaluating the impact of carbon pricing on forestry and forest land use.

Also in

Economics

View All