Model to evaluate the economic implications of growing trees for carbon sequestration
GREENHOUSE GAS ABATEMENT PROGRAM PROJECT
Project Management: National Association of Forest Industries (NAFI)
Project Details:
- To develop a robust model, that can be used by plantation growers and managers to fully evaluate the economic implications of growing trees for carbon sequestration.
Expected Greenhouse Gas Abatement: No abatement as model only.
GGAP funding: $200,000
Total project cost: $400,000
Environmental achievements:
- The project has achieved its objectives to develop a model for plantation growers and managers to efficiently and effectively evaluate the economic impacts (in carbon terms) of variations to their business and forest management activities.
- The national level consultation with industry stakeholders has also enabled the development of a model which can be applied for plantations established in any region throughout Australia. The model is also suitable for use across the full range of plantation grower entities (i.e. small and large private forest growers, MIS companies, state forestry agencies etc).
Note: Carbon dioxide equivalent (CO2-e) is the basis for comparing the warming effect of a greenhouse gas as compared to carbon dioxide and is calculated by multiplying the mass of a greenhouse gas by its global warming potential.
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