@article{Yoshimoto:198736,
      recid = {198736},
      author = {Yoshimoto, Atsushi},
      title = {Carbon pricing through subsidy payment for thinning  activities in Japan},
      journal = {Scandinavian Forest Economics: Proceedings of the Biennial  Meeting of the Scandinavian Society of Forest Economics},
      address = {2006-05},
      number = {1330-2016-103688},
      pages = {15},
      year = {2006},
      abstract = {Carbon pricing was conducted through the subsidy payment  for thinning activities in Japan
within the optimization  framework for the forest stand management. The optimal  forest stand
management model called DP-KYSS (dynamic  programming model for Kyushu stand
simulator) was utilized  for the analysis of a sugi (Cryptomeria japonia) forest  stand in the
Kyushu region, Japan. The analyses showed that  the thinning subsidy activated thinning
activities with the  reduction of carbon sequestered in a forest stand.  Considering subsidies as
a compensation for carbon loss by  thinning, the evaluation of carbon showed that the  present
net value of cost per unit carbon loss became the  highest for the rotation age of 35 years and
the minimum  for the rotation age of 50 to 65 years dependent upon the  subsidy measure. At
the rotation age of 100 years, the  present net value of cost per unit carbon loss was found  to
be 44.56 to 110.13 Euro/Ct. The analyses showed that  lengthening the period for subsidy
would reduce the value  of carbon. Subsidy pays more with more thinning reducing  carbon
sequestered in a forest stand.},
      url = {http://ageconsearch.umn.edu/record/198736},
      doi = {https://doi.org/10.22004/ag.econ.198736},
}