Under Kyoto, forestry activities that sequester carbon can be used to create CO2 offset credits that could obviate the need for lifestyle-changing reductions in fossil fuel use. Credits are earned by storing carbon in forest ecosystems and wood products, although CO2 emissions are also mitigated...

The main focus of efforts to mitigate climate change is on the avoidance of fossil fuel emissions. However, the Kyoto rules permit the use of forestry activities that create carbon offset credits. These could obviate the need for lifestyle-changing reductions in fossil fuel use. It is necessary...

Prominent trade disputes between Canada and the U.S. involve agriculture and forestry, with lack of transparency caused by Canadian non-market institutions a source of U.S. objections. Though there has been a recent flurry of activity in the binational dispute resolution panel on Canadian...

Carbon offsets generated under the Kyoto Protocol should be included in the management options that resource managers are considering. This paper investigates investments in afforestation for the generation of KP compliant carbon offsets in the Timmins Management Unit, concentrating on the...

The contingent-claims-based real options theory is used to value timber harvesting options in Ontario, Canada. Monthly prices from 1981 to 2006 are used for analysis, and different statistical tests, including structural breaks, are used to test the stationarity of prices. The tests show the...

In previous literature, the degree of exchange rate pass-through to importing country’s currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up...

In previous literature, the degree of exchange rate pass-through to importing countrys currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up...

The paper examines the economic impacts of sustainable forest management (SFM) policies in Canada. Specifically, the marginal costs (MC) of old-growth preservation in an even-aged boreal forest in northeastern Ontario are examined under the condition that forest managers need to achieve multiple...