IDEAS home Printed from https://ideas.repec.org/p/bcc/wpaper/2012-13.html
   My bibliography  Save this paper

The Economic Impacts of Biodiversity Policy for Improving the Climate Regulating Services Provided by EU Natura 2000 Habitats

Author

Listed:
  • Helen Ding
  • Anil Markandya
  • Paulo A.L.D. Nunes

Abstract

We adopted the state-of-the-art methodologies to quantify the total carbon stocked by Natura 2000 habitats as well as to project the future changes of carbon stocks influenced by alternative policy options for the management of Natura 2000 habitats by 2020. Our results show that the N2K network currently stores around 9.6 billion tonnes of Carbon, equivalent to 35 billion tonnes of CO2, which is estimated to be worth between €607 billion and €1,130 billion (stock value in 2010), depending on the price attached to a ton of carbon. Of the different ecosystems the forest habitats contain the highest carbon value in the network, ranging between €318 and €610 billion in 2010. Furthermore, our results also show that in the future these carbon values can be increased. A policy scenario (Policy ON), where full Protected Area coverage (terrestrial PAs + fuller MPAs) with a move to full favourable conservation status is estimated to generate a gain of at least a total of 1.71-2.86% by 2020 compared to a policy inaction scenario (Policy OFF), where no additional action is taken to conserve the current Natura 2000 sites over the next decade.

Suggested Citation

  • Helen Ding & Anil Markandya & Paulo A.L.D. Nunes, "undated". "The Economic Impacts of Biodiversity Policy for Improving the Climate Regulating Services Provided by EU Natura 2000 Habitats," Working Papers 2012-13, BC3.
    • Handle: RePEc:bcc:wpaper:2012-13
    as

    Download full text from publisher

    File URL: http://www.bc3research.org/index.php?option=com_wpapers&task=downpubli&iddoc=57&repec=1&Itemid=279
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Benitez, Pablo C. & McCallum, Ian & Obersteiner, Michael & Yamagata, Yoshiki, 2007. "Global potential for carbon sequestration: Geographical distribution, country risk and policy implications," Ecological Economics, Elsevier, vol. 60(3), pages 572-583, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ding, Helen & Chiabai, Aline & Silvestri, Silvia & Nunes, Paulo A.L.D., 2016. "Valuing climate change impacts on European forest ecosystems," Ecosystem Services, Elsevier, vol. 18(C), pages 141-153.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Batidzirai, B. & Smeets, E.M.W. & Faaij, A.P.C., 2012. "Harmonising bioenergy resource potentials—Methodological lessons from review of state of the art bioenergy potential assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(9), pages 6598-6630.
    2. Fankhauser, Samuel & Martin, Nat, 2010. "The economics of the CDM levy: Revenue potential, tax incidence and distortionary effects," Energy Policy, Elsevier, vol. 38(1), pages 357-363, January.
    3. Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
    4. Grundy, Michael J. & Bryan, Brett A. & Nolan, Martin & Battaglia, Michael & Hatfield-Dodds, Steve & Connor, Jeffery D. & Keating, Brian A., 2016. "Scenarios for Australian agricultural production and land use to 2050," Agricultural Systems, Elsevier, vol. 142(C), pages 70-83.
    5. Oladi, Reza & Caplan, Arthur J. & Gilbert, John, 2018. "Sequestration and the engagement of developing economies in a global carbon market," Resource and Energy Economics, Elsevier, vol. 52(C), pages 50-63.
    6. Mengistie Kindu & Logan Robert Bingham & José G. Borges & Susete Marques & Olha Nahorna & Jeannette Eggers & Thomas Knoke, 2022. "Opportunity Costs of In Situ Carbon Storage Derived by Multiple-Objective Stand-Level Optimization—Results from Case Studies in Portugal and Germany," Land, MDPI, vol. 11(11), pages 1-12, November.
    7. World Bank, 2012. "Trade and Investment Policies to Promote Climate Friendly Technologies in APEC Economies," World Bank Publications - Reports 13038, The World Bank Group.
    8. G. Cornelis van Kooten & Susanna Laaksonen-Craig & Yichuan Wang, 2007. "Costs of Creating Carbon Offset Credits via Forestry Activities: A Meta-Regression Analysis," Working Papers 2007-03, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    9. Liu, Chang & Sun, Xiaolei & Chen, Jianming & Li, Jianping, 2016. "Statistical properties of country risk ratings under oil price volatility: Evidence from selected oil-exporting countries," Energy Policy, Elsevier, vol. 92(C), pages 234-245.
    10. Fabian H. Härtl & Sebastian Höllerl & Thomas Knoke, 2017. "A new way of carbon accounting emphasises the crucial role of sustainable timber use for successful carbon mitigation strategies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 22(8), pages 1163-1192, December.
    11. Eriksson, Mathilda, 2020. "Afforestation and avoided deforestation in a multi-regional integrated assessment model," Ecological Economics, Elsevier, vol. 169(C).
    12. Gren, Ing-Marie & Zeleke, Abenezer Aklilu, 2016. "Policy design for forest carbon sequestration: A review of the literature," Forest Policy and Economics, Elsevier, vol. 70(C), pages 128-136.
    13. Dong, Ming & Bryan, Brett A. & Connor, Jeffery D. & Nolan, Martin & Gao, Lei, 2015. "Land use mapping error introduces strongly-localised, scale-dependent uncertainty into land use and ecosystem services modelling," Ecosystem Services, Elsevier, vol. 15(C), pages 63-74.
    14. Song, Xiao-Peng, 2018. "Global Estimates of Ecosystem Service Value and Change: Taking Into Account Uncertainties in Satellite-based Land Cover Data," Ecological Economics, Elsevier, vol. 143(C), pages 227-235.
    15. Müller, Fabian & Hanewinkel, Marc, 2018. "Challenging the assumptions of a standard model: How historical triggers in terms of technical innovations, labor costs and timber price change the land expectation value," Forest Policy and Economics, Elsevier, vol. 95(C), pages 46-56.
    16. Knoke, Thomas & Steinbeis, Otto-Emmanuel & Bösch, Matthias & Román-Cuesta, Rosa María & Burkhardt, Thomas, 2011. "Cost-effective compensation to avoid carbon emissions from forest loss: An approach to consider price-quantity effects and risk-aversion," Ecological Economics, Elsevier, vol. 70(6), pages 1139-1153, April.
    17. Bryan, Elizabeth & Akpalu, Wisdom & Yesuf, Mahmud & Ringler, Claudia, 2008. "Global carbon markets: Are there opportunities for Sub-Saharan Africa?," IFPRI discussion papers 832, International Food Policy Research Institute (IFPRI).
    18. Jianping Li & Xiaolei Sun & Fei Wang & Dengsheng Wu, 2015. "Risk integration and optimization of oil-importing maritime system: a multi-objective programming approach," Annals of Operations Research, Springer, vol. 234(1), pages 57-76, November.
    19. Janaka Kuruppuarachchi & Vineetha Sayakkarage & Buddhika Madurapperuma, 2021. "Environmental Literacy Level Comparison of Undergraduates in the Conventional and ODLs Universities in Sri Lanka," Sustainability, MDPI, vol. 13(3), pages 1-16, January.
    20. Caplan, Arthur J., 2011. "Carbon sequestration and permit trading on the competitive fringe," Economic Modelling, Elsevier, vol. 28(6), pages 2803-2810.

    More about this item

    Keywords

    EU; Natura 2000 habitats; climate regulating services; economic assessment; conservation policies JEL Classification: Q23; Q51; Q57;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcc:wpaper:2012-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sergio Henrique Faria (email available below). General contact details of provider: https://www.bc3research.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.