The objectives of this study were to predict volumetric yield and carbon stock in the stems of eucalypt plantation trees, as well as to economically evaluate the inclusion of the Reduced Emission Certificates (RECs) in forest projects by quantitative criteria. Thus, data from Eucalyptus grandis stands, located in Guanhães-Minas Gerais, were used. Based on the volume and carbon equations for the stems of individual trees and for 95 permanent plots, Clutter growth and production model (1983) were adjusted for volumetric production and carbon stock projection. After analysis, it was verified that: a) the growth and yield model proposed by Clutter (1983) provided technical cutting ages according to the productivity capacity of the stands, both for volumetric yield and carbon stock; b) the technical cutting ages (TCAs) were practically the same, considering the volumetric and carbon stocks; c) the economic rotations were greater than the technical cutting age in sites with low and average productivity (S = 20 and S = 26), regardless of the inclusion or not of the CERs in the analysis; d) the CERs contributed to the economic viability of the forest projects in low productivity sites, considering the budgets for the establishment of the projects; e) in the sensitivity analysis, the item wood price had the greatest influence on the economic viability of the projects. In contrast, the Reduced Emission Certificates (RECs) had little influence.
Carbon sequestration; forest biomass; eucalypt
