An integrated approach to assess carbon credit from improved forest management

ABSTRACT

Fossil fuel consumption in recent decades has caused the rise of CO₂ concentration in the atmosphere, with negative consequences on the environment and human health. This study develops a methodological framework to quantify carbon credits from carbon-oriented forest management and evaluates the economic sustainability of their sale. Application of the framework to two forest compartments with long-lasting active management in the Western Italian Alps showed the feasibility of the methodology and provided insights on its replication in other contexts. Particularly, the Carbon-oriented scenario led to a reduction of both the extracted wood volume (10% and 6.5% CASE1 and CASE2, respectively) and Net Present Value (32% and 29%), leading to a carbon credit price of 19.6 € MgCO_2eq⁻¹​ and 44.1 € MgCO_2eq⁻¹ to counteract these losses.

This work allows us to highlight the factors needed to design and evaluate alternative forest management options while considering the consequences of climate change. Moreover, the hypothesized scenarios include an economic remuneration of the positive externalities provided by sustainable forest management.

Finally, the proposed workflow entails undeniable environmental benefits while contrasting climate change but still looks undesirable with respect to the traditional timber-oriented management in compartments where high-quality wood products can be obtained.

KEYWORDS:

• Bioeconomy
• carbon storage assessment
• climate change mitigation
• forest policy
• sustainable forest management