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Bin Mei

Professor of the Practice of Natural Resource Finance in the Division of Environmental Science and Policy
Environmental Sciences and Policy
4103 Grainger Hall, Durham, NC 27708

Overview


Dr. Mei's program of research centers on forestland investment, nature-based climate solutions, and decision-making under uncertainty. His book, Forestland Investment - Valuation and Analysis, which was published by Routledge in July 2023, offers a thorough review and provides an in-depth analysis of timberland as an alternative asset class. Prior to joining Duke, Dr. Mei was Hargreaves Professor of Forest Finance at the University of Georgia. Dr. Mei's work has been funded by numerous agencies such as NASA, USDA NIFA, US Forest Service, and FAO of the United Nations. In addition to his research and teaching, Dr. Mei has more than 15 years of experience as a timberland investment consultant.

Dr. Mei oversees the Natural Resources Finance Initiative, which was launched in 2019 to train professional master’s students in a broad array of financial skills critical to natural resource management and conservation today.

Current Appointments & Affiliations


Professor of the Practice of Natural Resource Finance in the Division of Environmental Science and Policy · 2023 - Present Environmental Sciences and Policy, Nicholas School of the Environment

In the News


Published January 17, 2024
Climate Change Creates Municipal Bond Risks, But Markets Aren’t Responding

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Recent Publications


On the carbon additionality of working forests

Journal Article Forestry Economics Review · January 21, 2025 PurposeUsing a 62,742-ha working forest in New Brunswick, Canada, we examine the benefit and cost of carbon additionality at the landscape level. Full text Cite

Impacts of COVID-19 and contractual changes on the financial performance of lumber futures

Journal Article Canadian Journal of Forest Research · January 1, 2025 The United States lumber futures market has followed a volatile path since 2017. Two key events in this market are the COVID-19 pandemic and the release of newly revised lumber futures contracts in August 2022. This study aims to examine how these two even ... Full text Cite

ACCOUNTING FOR EXOGENOUS SHOCKS IN DETERMINING SOUTHEASTERN U.S. TIMBER MARKETS

Journal Article Mathematical and Computational Forestry and Natural-Resource Sciences · January 1, 2024 Cohesive markets for pine sawtimber and pine pulpwood were identified across regions in the southeastern United States. Data were provided by TimberMart-South (TMS) and included 40 years of quarterly prices across 22 regions in 11 states. Markets were dete ... Cite
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Recent Grants


REVISED BUDGET ONLY Economic Analysis of Property Rights Encumbered by Forest Conservation Easements

ResearchPrincipal Investigator · Awarded by Mississippi State University · 2024 - 2026

National Timber Asset Account and Stumpage Price Database

ResearchPrincipal Investigator · Awarded by US Forest Service · 2023 - 2025

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Education, Training & Certifications


University of Georgia · 2010 Ph.D.