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"As forest companies in Canada are struggling to come through a period of record low commodity prices, US exchange rate challenges, and worldwide recession, it is unlikely that a carbon strategy would be a top priority. This paper explores the reality that even as a company operates in a harsh business environment, a carbon strategy is helpful in moving to a more sustainable and financially competitive future. In the context of stakeholder theory and competitive forces both inside and outside the company's industry, there is evidence to show that moving toward a low carbon future is in their best interest over the long term. Considering this, the study looks at the possibility of direct investment in forestry carbon projects from a financial perspective. Specifically, the analysis is based on hypothetical afforestation, fertilization, and select seed projects with harvesting treatments based in the interior of British Columbia. The results indicate that due to the substantial uncertainty and poor expected returns, forest carbon projects may not be a wise investment for forest companies at this time. However, there are various steps that companies can make to transition themselves to a low carbon future. These include carbon footprinting and the development of green programs, targets, and goals within the company's operations. These actions can lead to first mover advantages within the forest industry and prepare the firm for more onerous demands in the future. These demands would include regulatory emission constraints or preparing for the implementation of a cap and trade system."--P. ii.
Interactions between forests, climatic change and the Earths carbon cycle are complex and represent a challenge for forest managers they are integral to the sustainable management of forests. In this volume, a number of papers are presented that describe some of the complex relationships between climate, the global carbon cycle and forests. Research has demonstrated that these are closely connected, such that changes in one have an influence not only on the other two, but also on their linkages. Climatic change represents a considerable threat to forest management in the current static paradigm. However, carbon sequestration issues offer opportunities for new techniques and strategies, and those able to adapt their management to this changing situation are likely to benefit. Such changes are already underway in countries such as Australia and Costa Rica, but it will probably take much longer for the forestry sector in the Pacific Northwest region of North America (encompassing Oregon, Washington, Montana, Idaho, British Columbia and Alaska) to change their current practices.
With the ratification of greenhouse gas (GHG) reduction agreements by Canada, various levels of government implemented policies to reduce transport-related and other industrial emissions. Since 2013, Québec, together with California and Ontario, has established a carbon market to encourage firms to reduce their emissions. The forest industry could benefit from this scheme in terms of improving efficiency and lessening the environmental impact of wood product transport. This study aims to assess the potential of carbon emission reduction strategies and to provide recommendations on improving the logistics of transporting wood-based materials. There are four main strategies considered in this paper; namely low-speed driving, eco-driving, intermodal transportation, and optimizing loading pattern. By combining these strategies, optimization models are developed with the objective of cost minimization under the constraints of emissions. These models involve the distribution planning of supply chain management and routing problems. Microsoft Excel, OpenSolver, Gurobi, and LocalSolver are mainly used for modeling and optimization. Pareto Front is also used to illustrate the relationship between transportation cost and carbon emission. To demonstrate the methodologies, a case study is exhibited using real world data. It is found that eco-driving has considerable potential in reducing emissions under a feasible range of price increases. The selection of strategies is based on the decision makers' preferences and the difficulty of strategy implementation.
The aim of this book is to provide an accessible overview for advanced students, resource professionals such as land managers, and policy makers to acquaint themselves with the established science, management practices and policies that facilitate sequestration and allow for the storage of carbon in forests. The book has value to the reader to better understand: a) carbon science and management of forests and wood products; b) the underlying social mechanisms of deforestation; and c) the policy options in order to formulate a cohesive strategy for implementing forest carbon projects and ultimately reducing emissions from forest land use.
Since the 1992 Earth Summit, there have been increased efforts on an international scale to address global climate change. Reducing the increased levels of CO2 and other "greenhouse gases," which are believed to be contributing to this climatic change, will require major effort on the part of the world's governments. This means that the environmental, economic, social, and political consequences of climate change must be understood, and that strategies to mitigate climate change must also address these issues. The workshop detailed in this book concentrated on how economic principles and analysis could contribute to the planning of forestry projects aimed at affecting terrestrial carbon balances. More than 30 international scientists came together for one week near Stockholm, Sweden and divided into working groups charged with addressing a specific issue and preparing a paper within this time frame. This book contains the majority of papers presented at this meeting, and includes both the working group papers and the individually presented papers.
This book addresses the major policy, economic and financial issues encountered in global forest carbon. The global forest sector is expected to play a major role in achieving the Paris Agreement’s temperature targets. Therefore, there is an urgent need to explore practical and promising solutions to the challenges facing carbon accounting and policy assessment as the global community undertakes forest sector actions—including the widely known REDD+ initiative. This book demonstrates how vital it is that we identify appropriate perspectives and formulate approaches to address these challenges in an integrated and effective manner. In doing so, it addresses many of the major issues, including the differential potentials for carbon sequestration within various forest ecosystems as well as for storage within a variety of harvested wood products, the joint production of timber and carbon, and the measurement and impact of forest carbon offsets and credits, results-based payments, and other nationally determined contributions centered differences as well. The book examines regional and country-level case studies from across the world and draws on the author's decades of experience working on forest policy and with the forest sector. Overall, this book highlights the technical and policy issues regarding forest sector carbon emission and removal to build useful perspectives, frameworks, and methods for addressing these issues successfully in the future. It advances the knowledge frontiers of global forest carbon policy, economics and finance as well as the ability to assess the effectiveness, efficiency, and equity of forest climate solutions. This book is essential reading for professionals and policymakers working at the intersection of forest policy, carbon storage and climate change, as well as students and researchers in the fields of forestry, natural resource management, climate change and nature-based solutions.
Since the 1992 Earth Summit, there have been increased efforts on an international scale to address global climate change. Reducing the increased levels of CO2 and other "greenhouse gases," which are believed to be contributing to this climatic change, will require major effort on the part of the world's governments. This means that the environmental, economic, social, and political consequences of climate change must be understood, and that strategies to mitigate climate change must also address these issues. The workshop detailed in this book concentrated on how economic principles and analysis could contribute to the planning of forestry projects aimed at affecting terrestrial carbon balances. More than 30 international scientists came together for one week near Stockholm, Sweden and divided into working groups charged with addressing a specific issue and preparing a paper within this time frame. This book contains the majority of papers presented at this meeting, and includes both the working group papers and the individually presented papers.
In this report, the authors systematically analyze the biomass carbon (C) conversion of harvested wood products (HWPs) produced from forests in Ontario and, more broadly, in Canada. The major categories of HWPs referred to are lumber, structural panel, non-structural panel, market pulp, newsprint, fine paper, and "other" paper products. The analysis tracks C flow for each product type from forest to harvested biomass, re-allocation of biomass C among HWPs, use of wood residue to produce energy, exports of HWPs from Ontario and Canada, and distribution of HWPs among major end uses. As well, service lives of HWPs, end-of-life disposal, and landfill HWP C stock and landfill methane (CH4) emissions for HWPs produced and used in Ontario/Canada and in countries that import HWPs from Ontario/Canada are assessed.--Document.