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Table 2 Operations and benefits of Norway spruce regeneration as a function of the mortality scenario (Euros per hectare)

From: Economics of species change subject to risk of climate change and increasing information: a (quasi-)option value analysis

Operations (year)

Benefits, low mortalitya

Benefits, high mortalityb

Clearing (0)

−597

−597

Thinning (20)

−1,023

−1,023

Thinning (40)

1,242

621

Thinning (50)

1,518

506

Thinning (60)

2,139

535

Harvest (70)

19,417

3,883

Net present value at 4 %

NPV(NS) = 859

NPVCC(NS) = −563

  1. aSource: (Deltombe et al. 2008) adapted from Itinéraires Techniques de Travaux Sylvicoles, Le Sapin Pectiné, Languedoc-Roussillon, Office National des Forêts, août 2002, 31 p
  2. bSource: authors' estimates