{"title":"预测碳价和原木价格对新西兰植树造林率的影响","authors":"Bruce Manley","doi":"10.1016/j.jfe.2017.11.002","DOIUrl":null,"url":null,"abstract":"<div><p><span>The Emissions Trading Scheme (ETS) enacted in New Zealand in 2008 allows forest growers to claim units for carbon sequestered by new forests. As afforestation is an important contributor to New Zealand meeting net emission targets there is interest in forecasting the rate of afforestation, particularly how it will vary with the price of carbon in the ETS. Consequently a model is developed to estimate afforestation rate from the Land Expectation Value (LEV) of ‘traditional’ </span>forestry (i.e., revenues only from log sales), the LEV from the carbon trading opportunity that the ETS creates, and land value.</p><p>Initially the relationship between afforestation rate and A grade log price during the period 1988 and 2008 is considered. Then the relationship between afforestation rate and LEV is evaluated. Initially the period up to 2008 is considered to evaluate the impact of ‘traditional’ forest profitability on the afforestation rate. Then the period from 2009 to 2015 is included and the impact of carbon is introduced. Finally the cost of land is introduced into the model.</p><p>The land affordability model developed allows the future afforestation rate to be forecast from carbon price, log price and land value.</p></div>","PeriodicalId":54831,"journal":{"name":"Journal of Forest Economics","volume":"33 ","pages":"Pages 112-120"},"PeriodicalIF":0.7000,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfe.2017.11.002","citationCount":"7","resultStr":"{\"title\":\"Forecasting the effect of carbon price and log price on the afforestation rate in New Zealand\",\"authors\":\"Bruce Manley\",\"doi\":\"10.1016/j.jfe.2017.11.002\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p><span>The Emissions Trading Scheme (ETS) enacted in New Zealand in 2008 allows forest growers to claim units for carbon sequestered by new forests. As afforestation is an important contributor to New Zealand meeting net emission targets there is interest in forecasting the rate of afforestation, particularly how it will vary with the price of carbon in the ETS. Consequently a model is developed to estimate afforestation rate from the Land Expectation Value (LEV) of ‘traditional’ </span>forestry (i.e., revenues only from log sales), the LEV from the carbon trading opportunity that the ETS creates, and land value.</p><p>Initially the relationship between afforestation rate and A grade log price during the period 1988 and 2008 is considered. Then the relationship between afforestation rate and LEV is evaluated. Initially the period up to 2008 is considered to evaluate the impact of ‘traditional’ forest profitability on the afforestation rate. Then the period from 2009 to 2015 is included and the impact of carbon is introduced. Finally the cost of land is introduced into the model.</p><p>The land affordability model developed allows the future afforestation rate to be forecast from carbon price, log price and land value.</p></div>\",\"PeriodicalId\":54831,\"journal\":{\"name\":\"Journal of Forest Economics\",\"volume\":\"33 \",\"pages\":\"Pages 112-120\"},\"PeriodicalIF\":0.7000,\"publicationDate\":\"2018-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1016/j.jfe.2017.11.002\",\"citationCount\":\"7\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Forest Economics\",\"FirstCategoryId\":\"97\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1104689917300168\",\"RegionNum\":4,\"RegionCategory\":\"农林科学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Forest Economics","FirstCategoryId":"97","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1104689917300168","RegionNum":4,"RegionCategory":"农林科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Forecasting the effect of carbon price and log price on the afforestation rate in New Zealand
The Emissions Trading Scheme (ETS) enacted in New Zealand in 2008 allows forest growers to claim units for carbon sequestered by new forests. As afforestation is an important contributor to New Zealand meeting net emission targets there is interest in forecasting the rate of afforestation, particularly how it will vary with the price of carbon in the ETS. Consequently a model is developed to estimate afforestation rate from the Land Expectation Value (LEV) of ‘traditional’ forestry (i.e., revenues only from log sales), the LEV from the carbon trading opportunity that the ETS creates, and land value.
Initially the relationship between afforestation rate and A grade log price during the period 1988 and 2008 is considered. Then the relationship between afforestation rate and LEV is evaluated. Initially the period up to 2008 is considered to evaluate the impact of ‘traditional’ forest profitability on the afforestation rate. Then the period from 2009 to 2015 is included and the impact of carbon is introduced. Finally the cost of land is introduced into the model.
The land affordability model developed allows the future afforestation rate to be forecast from carbon price, log price and land value.
期刊介绍:
The journal covers all aspects of forest economics, and publishes scientific papers in subject areas such as the following:
forest management problems: economics of silviculture, forest regulation and operational activities, managerial economics;
forest industry analysis: economics of processing, industrial organization problems, demand and supply analysis, technological change, international trade of forest products;
multiple use of forests: valuation of non-market priced goods and services, cost-benefit analysis of environment and timber production, external effects of forestry and forest industry;
forest policy analysis: market and intervention failures, regulation of forest management, ownership, taxation;
land use and economic development: deforestation and land use problem, national resource accounting, contribution to national and regional income and employment.
forestry and climate change: using forestry to mitigate climate change, economic analysis of bioenergy, adaption of forestry to climate change.