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The Intersection between Climate Adaptation, Mitigation, and Natural Resources: An Empirical Analysis of Forest Management

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  • Yukiko Hashida
  • David J. Lewis

Abstract

Forest landowners can adapt to climate change and carbon pricing by altering the types of forests that are replanted or regenerated. By inducing land-use changes within forestry, climate adaptation and mitigation policy can alter the flow of nonmarket forest ecosystem services. The purpose of this paper is to quantify the effect of climate change and carbon pricing on adaptation behavior of private forest owners. We develop an empirical framework with application to the US Pacific coast. An estimated discrete-choice econometric model is used as the empirical basis for a simulation of land-use changes to the composition of a landscape’s forest stock. Results indicate that climate change induces landowners to adapt away from their current dominant species choice of Douglas-fir to species more suitable for the future climate, notably hardwoods and ponderosa pine. A carbon price policy accelerates adaptation away from current forest types, potentially creating an externality at the local level.

Suggested Citation

  • Yukiko Hashida & David J. Lewis, 2019. "The Intersection between Climate Adaptation, Mitigation, and Natural Resources: An Empirical Analysis of Forest Management," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 6(5), pages 893-926.
    • Handle: RePEc:ucp:jaerec:doi:10.1086/704517
    DOI: 10.1086/704517
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    Cited by:

    1. 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).
    2. 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).
    3. 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).
    4. Manning, Dale T. & Rad, Mani Rouhi & Suter, Jordan F. & Goemans, Christopher & Xiang, Zaichen & Bailey, Ryan, 2020. "Non-market valuation in integrated assessment modeling: The benefits of water right retirement," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    5. Hashida, Yukiko & Withey, John & Lewis, David & Newman, Tara & Kline, Jeffrey, 2020. "Anticipating changes in wildlife habitat induced by private forest owners’ adaptation to climate change and carbon policy," MPRA Paper 99695, University Library of Munich, Germany.
    6. Charles Sims & Sarah E. Null & Josue Medellin-Azuara & Augustina Odame, 2021. "Hurry Up Or Wait: Are Private Investments In Climate Change Adaptation Delayed?," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 1-36, November.
    7. Rossi, David & Kuusela, Olli-Pekka, 2023. "Carbon and Timber Management in Western Oregon under Tax-Financed Investments in Wildfire Risk Mitigation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(2), May.

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