The Value of Timber, Carbon, Fuelwood,and Non-Timber Forest Products in India's Forests

Accounting for forest wealth is an important ingredient in creating a framework for analysing policy trade-offs. This study describes forestry-related stocks and flows in terms of land area (under forest), physical volume (of timber and carbon) and, finally, monetary values. The study has demonstrated that forest resource accounting is feasible in India at a disaggregate level using a ‘top-down’ approach and provides an interesting view of how different regions are doing when their performance is measured on a sustainability yardstick. [Monograph 1 of the Green Accounting for Indian States Project (GAISP)]