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In 2010 the Welsh Assembly announced a target to create 100,000 hectares of new woodland over a 20-year period. Forest Research carried out economic valuations of expected net benefits based on carbon sequestration, wood production, amenity services, health and agricultural production.
The estimates reveal that the creation of new woodland is very cost-effective as a climate change mitigation measure.
The Forest Research team considered scenarios involving planting a range of broadleaves (either an ash-sycamore-birch mix, or oak). They also applied novel GIS-based approaches in conjunction with benefit transfer to estimate the amenity and health benefits associated with woodland creation.
Commissioned and funded Forestry Commission Wales
The project was completed in 2012.
Principal Economist
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