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: Annual profit from carbon plantings, South Australia (EM-127)
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EM Identity and Description
EM Identification (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Short Name
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Annual profit - carbon plantings, South Australia | Profit from carbon plantings, South Australia | Profit from carbon plantings, South Australia |
EM Full Name
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Annual profit from carbon plantings, South Australia | Expected annual profit from carbon plantings, South Australia | Expected annual profit from carbon plantings, South Australia |
EM Source or Collection
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None | * | * |
EM Source Document ID
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243 | * | * |
Document Author
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Crossman, N. D., Bryan, B. A., and Summers, D. M. | * | * |
Document Year
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2011 | * | * |
Document Title
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Carbon payments and low-cost conservation | * | * |
Document Status
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Peer reviewed and published | * | * |
Comments on Status
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Published journal manuscript | * | * |
Software and Access (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Not applicable | * | * | |
Contact Name
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Neville D. Crossman | * | * |
Contact Address
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CSIRO Ecosystem Sciences, PMB 2, Glen Osmond, South Australia, 5064, Australia | * | * |
Contact Email
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neville.crossman@csiro.au | * | * |
EM Description (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Summary Description
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ABSTRACT: "A price on carbon is expected to generate demand for carbon offset schemes. This demand could drive investment in tree-based monocultures that provide higher carbon yields than diverse plantings of native tree and shrub species, which sequester less carbon but provide greater variation in vegetation structure and composition. Economic instruments such as species conservation banking, the creation and trading of credits that represent biological-diversity values on private land, could close the financial gap between monocultures and more diverse plantings by providing payments to individuals who plant diverse species in locations that contribute to conservation and restoration goals. We studied a highly modified agricultural system in southern Australia that is typical of many temperate agriculture zones globally (i.e., has a high proportion of endangered species, high levels of habitat fragmentation, and presence of non-native species). We quantified the economic returns...from carbon plantings (monoculture and mixed tree and shrubs) under six carbon-price scenarios." AUTHOR'S DESCRIPTION: "The economic returns of carbon plantings are highly variable and depend primarily on carbon yield and price and opportunity costs (Newell & Stavins 2000; Richards & Stokes 2004; Torres et al. 2010)...The spatial variation in carbon yield and costs, including establishment, maintenance, transaction, and opportunity costs, means that the net economic returns of carbon plantings are also likely to vary spatially." | ABSTRACT: "A price on carbon is expected to generate demand for carbon offset schemes. This demand could drive investment in tree-based monocultures that provide higher carbon yields than diverse plantings of native tree and shrub species, which sequester less carbon but provide greater variation in vegetation structure and composition. Economic instruments such as species conservation banking, the creation and trading of credits that represent biological-diversity values on private land, could close the financial gap between monocultures and more diverse plantings by providing payments to individuals who plant diverse species in locations that contribute to conservation and restoration goals. We studied a highly modified agricultural system in southern Australia that is typical of many temperate agriculture zones globally (i.e., has a high proportion of endangered species, high levels of habitat fragmentation, and presence of non-native species). We quantified the economic returns...from carbon plantings (monoculture and mixed tree and shrubs) under six carbon-price scenarios." AUTHOR'S DESCRIPTION: "The economic returns of carbon plantings are highly variable and depend primarily on carbon yield and price and opportunity costs (Newell & Stavins 2000; Richards & Stokes 2004; Torres et al. 2010)...The spatial variation in carbon yield and costs, including establishment, maintenance, transaction, and opportunity costs, means that the net economic returns of carbon plantings are also likely to vary spatially." The model presented here quantifies economic returns from a diverse mix of nine tree and shrub species, referred to as "ecological carbon plantings". | ABSTRACT: "A price on carbon is expected to generate demand for carbon offset schemes. This demand could drive investment in tree-based monocultures that provide higher carbon yields than diverse plantings of native tree and shrub species, which sequester less carbon but provide greater variation in vegetation structure and composition. Economic instruments such as species conservation banking, the creation and trading of credits that represent biological-diversity values on private land, could close the financial gap between monocultures and more diverse plantings by providing payments to individuals who plant diverse species in locations that contribute to conservation and restoration goals. We studied a highly modified agricultural system in southern Australia that is typical of many temperate agriculture zones globally (i.e., has a high proportion of endangered species, high levels of habitat fragmentation, and presence of non-native species). We quantified the economic returns...from carbon plantings (monoculture and mixed tree and shrubs) under six carbon-price scenarios." AUTHOR'S DESCRIPTION: "The economic returns of carbon plantings are highly variable and depend primarily on carbon yield and price and opportunity costs (Newell & Stavins 2000; Richards & Stokes 2004; Torres et al. 2010)...The spatial variation in carbon yield and costs, including establishment, maintenance, transaction, and opportunity costs, means that the net economic returns of carbon plantings are also likely to vary spatially." The model presented here quantifies the economic returns from monoculture tree stands consisting of one of three tree species. |
Specific Policy or Decision Context Cited
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None identified | * | * |
Biophysical Context
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Mix of remnant native vegetation and agricultural land. Remnant vegetation is in 20 large (>10,000 ha) contiguous fragments where rainfall is low. Acacia spp. and Eucalyptus spp. are the dominant tree species in the remnant vegetation, and major native vegetation types are open forests, woodlands, and open woodlands. Dominant agricultural uses are annual crops, annual legumes, and grazing of sheep and cows. The climate is Mediterranean with average annual rainfall ranging from 250 mm to 1000 mm. | * | * |
EM Scenario Drivers
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Carbon prices at $10/t CO2^-e, $15/t CO2^-e, $20/t CO2^-e, $25/t CO2^-e, $30/t CO2^-e, and $40/t CO2^-e | * | * |
EM Relationship to Other EMs or Applications
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Method Only, Application of Method or Model Run
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Method + Application (multiple runs exist) ?Comment:Runs are differentiated based on the the expected annual profit from two types of carbon plantings: 1) Tree-based monocultures (i.e., monoculture carbon planting) and 2) Diverse plantings of native tree and shrub species (i.e., ecological carbon planting) |
Model Run Associated with a Specific EM Application | Model Run Associated with a Specific EM Application |
New or Pre-existing EM?
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New or revised model | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Related EMs (for example, other versions or derivations of this EM) described in ESML
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EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Document ID for related EM
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Doc-245 | Doc-246 | Doc-247 | Doc-243 | None | None |
EM ID for related EM
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EM-128 | EM-141 | EM-127 | EM-141 | EM-127 | EM-128 |
EM Modeling Approach
EM Relationship to Time (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Temporal Extent
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2009-2050 | * | * |
EM Time Dependence
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time-dependent | * | * |
EM Time Reference (Future/Past)
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future time | * | * |
EM Time Continuity
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discrete | * | * |
EM Temporal Grain Size Value
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1 | * | * |
EM Temporal Grain Size Unit
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Year | * | * |
EM spatial extent (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Bounding Type
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Physiographic or Ecological | * | * |
Spatial Extent Name
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Agricultural districts of the state of South Australia | * | * |
Spatial Extent Area (Magnitude)
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100,000-1,000,000 km^2 | * | * |
Spatial Distribution of Computations (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Spatial Distribution
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spatially distributed (in at least some cases) | * | * |
Spatial Grain Type
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area, for pixel or radial feature | * | * |
Spatial Grain Size
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1 ha x 1 ha | * | * |
EM Structure and Computation Approach (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Computational Approach
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Analytic | * | * |
EM Determinism
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deterministic | * | * |
Statistical Estimation of EM
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* | * |
Model Checking Procedures Used (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Model Calibration Reported?
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No | * | * |
Model Goodness of Fit Reported?
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No | * | * |
Goodness of Fit (metric| value | unit)
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None | * | * |
Model Operational Validation Reported?
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No | * | * |
Model Uncertainty Analysis Reported?
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No | * | * |
Model Sensitivity Analysis Reported?
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No | * | * |
Model Sensitivity Analysis Include Interactions?
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Not applicable | * | * |
EM Locations, Environments, Ecology
Location of EM Application (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
Terrestrial location (Classification hierarchy: Continent > Country > U.S. State [United States only])
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
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Marine location (Classification hierarchy: Realm > Region > Province > Ecoregion)
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
None | * | * |
Centroid Lat/Long (Decimal Degree)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Centroid Latitude
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-34.9 | * | * |
Centroid Longitude
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138.7 | * | * |
Centroid Datum
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WGS84 | * | * |
Centroid Coordinates Status
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Estimated | * | * |
Environments and Scales Modeled (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Environmental Sub-Class
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Agroecosystems | * | * |
Specific Environment Type
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Agricultural land for annual crops, annual legumes, and grazing of sheep and cows | * | * |
EM Ecological Scale
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Ecological scale is finer than that of the Environmental Sub-class | Ecological region | Ecological region |
Organisms modeled (* Note that run information is shown only where run data differ from the "parent" entry shown at left)
Scale of differentiation of organisms modeled
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EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
EM Organismal Scale
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Guild or Assemblage | * | * |
Taxonomic level and name of organisms or groups identified
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
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EnviroAtlas URL
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Carbon Storage by Tree Biomass | None Available | None Available |
EM Ecosystem Goods and Services (EGS) potentially modeled, by classification system
* Note that run information is shown only where run data differ from the "parent" entry shown at left
CICES v 4.3 - Common International Classification of Ecosystem Services (Section > Division > Group > Class)
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
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(Environmental Subclass > Ecological End-Product (EEP) > EEP Subclass > EEP Modifier)
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
None | * | * |
EM Variable Names (and Units)
* Note that for runs, variable name is displayed only where data for that variable differed by run AND those differences were reported in the source document. Where differences occurred but were not reported, the variable is not listed. Click on variable name to view details.
Predictor
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EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Driving Variables (and Units)
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Constant or Factor Variables (and Units)
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Intermediate
EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Intermediate (Computed) Variables (and Units)
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None | * | * |
Response
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EM ID
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EM-127 | Run-Ecological carbon plantings | Run-Monoculture carbon plantings |
Observed Response Variables (and Units)
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None | * | * |
Computed Response Variables (and Units)
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