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ESTIMATION OF FOREST CARBON VOLUME AND VALUE IN TENNESSEE

Chenli Zhang M.S. Candidate The University of Tennessee Dept. of Forestry, Wildlife and Fisheries April 2, 2014 12:20

OUTLINE

¨  Introduction ¨ Data ¨ Method ¨ Preliminary Result ¨  Future Direction ¨ Photo Citation ¨ Reference ¨ Acknowledgement

INTRODUCTION

¨ U.S. Forest ¤ 188 Million Acres ¤ 16% carbon sequestration occurred in forest ¤ 310 million metric tons of carbon

¨  Tennessee Forest ¤ 14.3 million acres ¤ More than 50% of the state’s total land area ¤ About 95% hardwoods: White and Red Oak

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DATA

¨  FIA Data

DATA

DATA

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DATA ¨  EU ETS Carbon Prices Data

METHOD

¨ Plot Selection ¤ Upper Endpoint

¨  Future Carbon Volume Simulation ¤ Forest Vegetation Simulation ¤ Carbon Report ¤ Carbon On line Estimator (COLE)

X +1.96 σn

PRELIMINARY RESULT ¨  Carbon Report

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PRELIMINARY RESULT ¨  Carbon Simulation Report

PRELIMINARY RESULT ¨  Comparison of the reports FVS Report vs Carbon Simulator Report

Average Carbon:

FVS: 60.3 tons/acre

COLE: 30.89 tons/acre

PRELIMINARY RESULT

¨  Carbon Value Results

FVS: $401/acre

COLE: $205.2/acre

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FUTURE DIRECTION

¨ Enlarge the target area ¨ Compare with other carbon simulation

methods ¨ Assess alternative management

scenarios

Photo Citation

¨  http://www.icis.com/energy/carbon-emissions/eu-ets-portal-pdf/?cmpid=PSC|ENER|CHHNT-2013-EURO-adwd-ETSportal&sfid=701w0000000uL17&utm_term=carbon%20price&matchtype=b-39857038877&gclid=CKKq-e_sv70CFWZo7Aod6UQAPA

REFERENCE ¨  Adams, R. M., D. M. Adams, J. M. Calla-way, C. Chang, and B. McCarl 1993. "Sequestering Carbon on

Agricultural Land: Social Cost and Impacts on Timber Markets." Contemporary Policy Issues 11(1): 76-87.

¨  Antle, J., and B. McCarl. 2001. “The Economics of Carbon Sequestration in Agricultural Soils.” Department of Agricultural Economics and Economics, Montana State University, Department of Agricultural Economics, Texas A&M University.

¨  Baccini, A., S. J. Goetz, W. S. Walker, N. T. Laporte, M. Sun, D. Sulla-Menashe, J. Hacker, P. S. A. Beck, R. Dubayah, M. A. Fridel, S. Samanta, and R. A. Houghton 2012. “Estimated Carbon Dioxide Emissions from Tropical Deforestation Improved by Carbon-Density Maps.” Nature Climate Change 2(11)Pages::182–185.

¨  Ben, H. J., D. Jong, R. Tipper, and G. M. Go´mez. 2000. “An Economic Analysis of The Potential for Carbon Sequestration by Forests: Evidence from Southern Mexico.” Ecological Economics 33(2): 313–327.

¨  Heath, L.S., J. E. Smith, and R. A. Birdsey. 2003. “Carbon Trends in US Forest Lands: A Context for the Role of Soils in Forest Carbon Sequestration.” The Potential of US Forest Soils to Sequester Carbon and Mitigate The Greenhouse Effect, eds. pp. 34–45, New York: CRC Press.

¨  Hoover, C. M., S. A. Rebain. 2011. “Forest Carbon Estimation the Forest Vegetation: Seven Things You Need to Know.” Gen. Tech. Rep. NRS-77. Newtown Square, PA: U.S. Department of Agriculture, Forest Service, Northern Research Station. 16P.

¨  Lawson, K., K. Burns, K. Low, E. Heyhoe, and H. Ahammad. 2008. “Analysing the Economic Potential of Forestry for Carbon Sequestration under Alternative Carbon Price Paths.” Journal of Environmental Economics and Management 53(7):112-122.

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ACKNOWLEDGEMENT

¨ Graduate Committee ¤ Dr. Donald G. Hodges ¤ Dr. Adam Taylor ¤ Dr. Neelam Chandra Poudyal

¨ Support ¤ Mr. Matt Holt ¤ Dr. Consuelo Brandeis

QUESTIONS