Vested in Carbon
2012 Denman Forestry Issues
May 15, 2012
Mike Jostrom
Director Renewable Resources
Plum Creek
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About Plum Creek
h Largest owner of private land in US
ƒ Forestry and timberlands
ƒ Largest seller of wood fiber
ƒ Diverse geography and forestry markets
h Growing wood, investing in carbon
ƒ Half billion dollars invested in the last decade
ƒ Modeling for sustainability
ƒ Bioenergy
6.6 million acres in 19 states
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Managing for Wood and Carbon
1.
Forest carbon stocks in the US are increasing
– 50% in 50 years, private and public lands
– Through a period of unprecedented growth and wood demand
2.
Forestry investment plays a role
– Current productivity is based on past investments
– Forestry investments anticipate future markets.
– Robust forestry markets stimulate ongoing investment
3.
US sustainable forestry is a package deal for carbon
– Growing forests capture CO2 from the atmosphere
– Wood products store carbon for a long time
– Bioenergy reduces fossil fuel consumption
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Considerations for a Path Forward
1.
Forest owners’ continued efforts
– Incorporating bioenergy into the supply chain
– Modeling for carbon
– Continued investments in forests and forest productivity
2.
Public carbon policy must support forestry
– Recognize carbon benefits of forests, wood, and bioenergy
– Avoid governing land use through carbon policy
– Avoid unintended consequences
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Carbon mitigation in six words:
Grow More Trees, Use More Wood
Mike Jostrom
mike.jostrom@plumcreek.com
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