Forest optimisation models including timber production and carbon sequestration values of forest ecosystems: a case study

The integration of carbon sequestration value of forest ecosystems into forest management planning models has become increasingly important in sustainable forest management. This study analyses the economic effects of different minimum cutting ages on timber and carbon sequestration values for a Scots pine forest clumped mainly in older age classes in northeast Turkey. The analysis is performed by formulating three optimisation models. The objective of each model is to maximise net present value (NPV) of harvested timber, net present value of carbon sequestration and the total net present value of timber production and carbon sequestration, respectively. Results showed that increasing the minimum cutting ages by 10 years increased the NPV of timber by 10.5%. However, the current minimum cutting ages were optimal for maximizing the NPV of carbon and the sum of the NPV of timber and carbon benefits. In addition, the model outputs were found to be quite sensitive to unit carbon prices.