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Climate Change and Forests

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  • Brent Sohngen

Abstract

Forests have become an important carbon sink in the last century, with management and carbon fertilization offsetting nearly all of the carbon emitted due to deforestation and conversion of land into agricultural uses. Society appears already to have decided that forests will play an equally ambitious role in the future. Given this, economists are needed to help better understand the efficiency of efforts society may undertake to expand forests, protect them from losses, manage them more intensively, or convert them into wood products, including biomass energy. A rich literature exists on this topic, but a number of critical information gaps persist, representing important opportunities for economists to advance knowledge in the future. This article reviews the literature on forests and climate change and provides some thoughts on potential future research directions.

Suggested Citation

  • Brent Sohngen, 2020. "Climate Change and Forests," Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 23-43, October.
    • Handle: RePEc:anr:reseco:v:12:y:2020:p:23-43
    DOI: 10.1146/annurev-resource-110419-010208
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    Cited by:

    1. Lo, Kevin, 2021. "Authoritarian environmentalism, just transition, and the tension between environmental protection and social justice in China's forestry reform," Forest Policy and Economics, Elsevier, vol. 131(C).
    2. Johnson, Kelsey K. & Lewis, David J., 2024. "Weather variability risks slow climate adaptation: An empirical analysis of forestry," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
    3. Jingyan Fu & Artie W. Ng, 2021. "Scaling up Renewable Energy Assets: Issuing Green Bond via Structured Public-Private Collaboration for Managing Risk in an Emerging Economy," Energies, MDPI, vol. 14(11), pages 1-16, May.
    4. Hashida, Yukiko & Lewis, David J., 2022. "Estimating welfare impacts of climate change using a discrete-choice model of land management: An application to western U.S. forestry," Resource and Energy Economics, Elsevier, vol. 68(C).
    5. Baker, Justin S. & Rossi, David & Abt, Robert, 2022. "Quantifying Additionality Thresholds for Forest Carbon Offsets," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322510, Agricultural and Applied Economics Association.
    6. Juan Von Thaden & Gilberto Binnqüist-Cervantes & Octavio Pérez-Maqueo & Debora Lithgow, 2022. "Half-Century of Forest Change in a Neotropical Peri-Urban Landscape: Drivers and Trends," Land, MDPI, vol. 11(4), pages 1-14, April.
    7. Chu, Long & Grafton, R. Quentin & Nguyen, Hai, 2022. "A global analysis of the break-even prices to reduce atmospheric carbon dioxide via forest plantation and avoided deforestation," Forest Policy and Economics, Elsevier, vol. 135(C).
    8. Wang, Yuhan & Lewis, David J., 2024. "Wildfires and climate change have lowered the economic value of western U.S. forests by altering risk expectations," Journal of Environmental Economics and Management, Elsevier, vol. 123(C).

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