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Practicalities of establishing forestry carbon sequestration projects in the agricultural sector: a technical and economic analysis with implications

McHenry, M.P. (2012) Practicalities of establishing forestry carbon sequestration projects in the agricultural sector: a technical and economic analysis with implications. In: Ryan, B.J. and Anderson, D.E., (eds.) Carbon Sequestration: Technology, Measurement Technologies and Environmental Effects. Nova Science Publishers, Hauppauge, New York, pp. 37-66.

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    Abstract

    This research reviews existing climate change literature and quantifies the climate change mitigation and adaptation potential of specific agricultural forestry diversification activities at the regional level. It comprises modelling of net emission reductions and discounted market values for six agroforestry carbon sequestration projects. The research aim was to describe a simple method of enabling private agricultural entities and governments to compare alternative investment options for both climate change mitigation and adaptation with limited data availability. The forestry sequestration project examples for the higher rainfall regions of Western Australia show large differences in total discounted project costs over time. These costs were highly dependent on the project financing arrangements, while the tree species selection, and the previous land use were primary determinants of the biomass growth and the total carbon sequestered. The results indicate that the most productive agricultural lands in the region might be permanently retired from food production and replaced by single species tree plantations, although the viability of this option is dependent on future carbon market eligibility rules and carbon values.

    Publication Type: Book Chapter
    Murdoch Affiliation: School of Engineering and Energy
    Publisher: Nova Science Publishers
    Notes: ISBN 978-1-62081-081-7
    URI: http://researchrepository.murdoch.edu.au/id/eprint/6035
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