Climate change induced by anthropogenic greenhouse gas (GHG) emissions such as fossil fuel combustion, conversion of forest land, agriculture, and industry has emerged as one of the most compelling issues of our time. Forests can play a central role in emissions abatement efforts through...

Recent history has seen an increase in the utilization of partial equilibrium based forest sector models to identify potential impacts of various policies or timber market shocks. These models are particularly useful in that they employ economic theory to capture the interaction of supply and...

Quantitative forest sector modelling includes many model parameters that are treated as being deterministic in the modelling framework, but are in reality often highly uncertain. Few studies have addressed the impacts of this uncertainty and the main objectives of this article are to quantify major ...

The Russian Federation is the world's largest net exporter of roundwood. To encourage shift in exports from roundwood to value-added industrial products, Russia has set large tariffs on its roundwood exports, and announced that even higher ones would be introduced in the future. Using a global ...

This study assesses harvest levels compatible with the reference levels for forest management sinks (FRLs) within the EU, the UK, and Norway (EU + UK + N). A detailed examination of the harvest data and the National Forest Accounting Plans of the countries within this region reveals that the...

This study addresses the effects of increasing energy wood prices on the EU forest sector and on the use of wood biomass for energy. We examine different energy wood price levels under two contrasting scenarios of future global development, defined by the A1 and B2 storylines of IPCC. A1 depicts...

Coniferous sawnwood is the most important solid wood product in terms of its production volume and economic significance. It also plays a vital role in the forestry-forest industry value chain. We estimated price- and income elasticities for per capita softwood sawnwood consumption based on FAO...

The paper presents an econometric analysis of the timber supply in ten Northwestern European countries. For each country, the time series covers the years 1980-2006. Several factors, in addition to the log price and the growing stock, are analysed, to study the elasticity of supply. Three different ...

The future of the EU forest sector is dependent not only on EU policies, but also largely on the future global socio-economic context. Two IPCC SRES scenarios A1 and B2 are used as contrasting reference scenarios, each representing a different path of evolution of the forestry sector in developing...

The efficiency of potential climate change mitigation is predicated on future costs and benefits and thus heavily influenced by the discount scheme. Dual discounting involves discounting carbon and monetary values differently; stand level modeling efforts show that it improves the profitability of...