Supplement (2015 8) 144-153 ~ ~ ~ УДК 630*182.8+504.062+330.15 Kyoto Forest and Economic Feasibility of a National Carbon Market Vladimir L. Gavrikova b * and Rem G. Khleboprosa,b a Siberian Federal University 79 Svobodny, Krasnoyarsk, 660041, Russia International Center for Studies of Organism Extreme Conditions at Krasnoyarsk Scientifi c Center of RAS 50 Akademgorodok, Krasnoyarsk, 660036, Russia Received 15.12.2014, received in revised form 15.01.2015, accepted 16.02.2015 The key message of the work is that a national carbon market is economically feasible in Russia. <...> To support the inference, a basic comparison of two kinds of forest management projects was performed; one is a usual commercial timber trade and second is a Kyoto forest aimed to sequester atmospheric carbon. <...> For which a number of parameters were established: 1) conversion coeffi cients linking raw wood volume stock and the mass deposed carbon, 2) a realistic carbon sequester price and 3) a realistic retail roundwood price. <...> It was shown that the discounted revenues for the two forest management projects were quite comparable in a long run perspective. <...> Because the discounted revenues for the Kyoto forest project, though small at the beginning, grew faster that the value of the occurring once sale the economic results of the projects coincided at a defi nite moment of time. <...> All rights reserved * Corresponding author E-mail address: vgavrikov@sfu-kras.ru, olikru@yandex.ru # S 144 # Vladimir L. Gavrikov and Rem G. Khlebopros. <...> Kyoto Forest and Economic Feasibility of a National Carbon Market Киотский лес и экономическая возможность национального «углеродного» рынка В.Л. Гаврикова б <...>