Accounting approaches for valuing forest non-market carbon, soil and medicinal outputs changes in developing countries

Maraseni, Tek Narayan and Cockfield, Geoff and Apan, Armando (2009) Accounting approaches for valuing forest non-market carbon, soil and medicinal outputs changes in developing countries. Austrian Journal of Forest Science, 126 (1-2). pp. 77-99. ISSN 0008-9583

Abstract

It can be difficult to identify an optimal land use regime. Some researchers use monetized net benefits as the measure and conclude by summing market values. Non-market values are not often taken into account mainly because of the uncertainties in measuring quantities and the difficulty in estimating values. Consequently, total goods and services from forests are undervalued and their contribution to the national output may have been grossly underestimated. As a result, land use decisions are generally biased in favor of land-use options other than forests. This paper analyzed major issues on the valuation of community forestry, an important forest management strategy in developing countries, and then developed methods for estimating the amount of net carbon sequestration, option value of biodiversity and onsite soil protection value after the forests have been allocated to the designated communities.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Awaiting copyright advice.
Depositing User: Dr Tek Narayan Maraseni
Faculty / Department / School: Historic - Faculty of Business - No Department
Date Deposited: 30 Jul 2009 05:20
Last Modified: 02 Jul 2013 23:19
Uncontrolled Keywords: carbon sequestration; biodiversity; soil protection; community forestry
Fields of Research (FOR2008): 14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
05 Environmental Sciences > 0503 Soil Sciences > 050301 Carbon Sequestration Science
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Socio-Economic Objective (SEO2008): B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919902 Ecological Economics
URI: http://eprints.usq.edu.au/id/eprint/5304

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