The economical potential of the carbon offset opportunity ... · The economical potential of the...

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The economical potential of the carbon offset opportunity offered with the afforestation of boreal open woodlands Boris Dufour, Université du Québec à Chicoutimi, [email protected] (Presenter) Jean-Francois Boucher, Université du Quebec a Chicoutimi, [email protected] Olivier Bahn, École des hautes études commerciales de Montréal, [email protected] Pascal Tremblay, Université du Québec à Chicoutimi, [email protected] Jean-Denis Grenier, Génivar, [email protected] Claude Villeneuve, Université du Québec à Chicoutimi, [email protected] Daniel Lord, Université du Québec à Chicoutimi, [email protected] The afforestation of boreal open woodlands (OWs) is presently regarded as an efficient carbon offset opportunity. Quebec manageable boreal forest includes 1.6 M ha of stable and unproductive open woodlands (< 25% crown cover). Afforesting 400 000 ha could offset up to 8% of Québec’s industrial process emisssions after 45 years, but… could it be profitable ? Incomes Carbon credits Wood products Expenses Field operational costs Monitoring costs Road construction Woodstock spatial optimization Parameters: Spatial distribution of OWs and roads Land productivity Planted species Forest fires Wildlife management plans Backup plantations extent (risk of reversion) Forest carbon allometry (CBM-CFS3) Anticipated carbon value (TIMES Canada) Optimized NPV (Net Present Value) Main hypothesis tested : Optimized silvicultural solutions of boreal open woodland afforestation can produce feasible and profitable offset opportunities on mid- to long term horizons (20-50 years), with respect to plausible carbon price scenarios and discount rates. From: Boucher et al. (2012) Process Safety and Environmental Protection 90 (6) , pp. 459–466 Partners

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Page 1: The economical potential of the carbon offset opportunity ... · The economical potential of the carbon offset opportunity offered with the afforestation of boreal open woodlands.

The economical potential of the carbon offset opportunity offered with the afforestation of boreal open woodlands

Boris Dufour, Université du Québec à Chicoutimi, [email protected] (Presenter) Jean-Francois Boucher, Université du Quebec a Chicoutimi, [email protected]

Olivier Bahn, École des hautes études commerciales de Montréal, [email protected] Pascal Tremblay, Université du Québec à Chicoutimi, [email protected]

Jean-Denis Grenier, Génivar, [email protected] Claude Villeneuve, Université du Québec à Chicoutimi, [email protected]

Daniel Lord, Université du Québec à Chicoutimi, [email protected]

The afforestation of boreal open woodlands (OWs) is presently regarded as an efficient

carbon offset opportunity.

Quebec manageable boreal forest includes 1.6 M ha of stable and unproductive open woodlands

(< 25% crown cover).

Afforesting 400 000 ha could offset up to 8% of Québec’s

industrial process emisssions after 45 years, but…

could it be profitable ?

Incomes •Carbon credits •Wood products

Expenses

•Field operational costs •Monitoring costs •Road construction

Woodstock spatial optimization Parameters: •Spatial distribution of OWs and roads •Land productivity •Planted species •Forest fires •Wildlife management plans •Backup plantations extent (risk of reversion) •Forest carbon allometry (CBM-CFS3) •Anticipated carbon value (TIMES Canada)

Optimized

NPV (Net Present Value)

Main hypothesis tested: Optimized silvicultural solutions of boreal open woodland afforestation can produce feasible and profitable offset opportunities on mid- to long term horizons (20-50 years), with respect to plausible carbon price scenarios and discount rates.

From: Boucher et al. (2012)

Process Safety and Environmental Protection 90 (6) , pp. 459–466

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