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Forest management under fire risk when forest carbon sequestration has value

Author

Listed:
  • Stéphane S. Couture

    (UBIA - Unité de Biométrie et Intelligence Artificielle (ancêtre de MIAT) - INRA - Institut National de la Recherche Agronomique)

  • Arnaud A. Reynaud

    (LERNA - Economie des Ressources Naturelles - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - CEA - Commissariat à l'énergie atomique et aux énergies alternatives)

Abstract

We develop a multiple forest use model to determine the optimal harvest date for a forest stand producing both timber and carbon benefits under a risk of fire. An empirical application is provided for a forest owner producing maritime pine in Southwest of France. Our results indicate that a higher risk of fire will decrease the optimal rotation period. On the contrary, higher carbon prices increase the optimal harvesting age. To investigate the contradictory effects of fire risk and carbon price on forest rotation, we identify the set of carbon prices and fire risks that lead to a given rotation age. We also show that forest owner's willingness to pay for a risk reduction can be substantial (37.33 euros by ha and by year to reduce the annual fire risk from 1.26% to 0.07%).

Suggested Citation

  • Stéphane S. Couture & Arnaud A. Reynaud, 2011. "Forest management under fire risk when forest carbon sequestration has value," Post-Print hal-02651317, HAL.
    • Handle: RePEc:hal:journl:hal-02651317
    DOI: 10.1016/j.ecolecon.2011.05.016
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    Citations

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    Cited by:

    1. Anderson, Blake & M'Gonigle, Michael, 2012. "Does ecological economics have a future?," Ecological Economics, Elsevier, vol. 84(C), pages 37-48.
    2. Tommi Ekholm, 2019. "Optimal forest rotation under carbon pricing and forest damage risk," Papers 1912.00269, arXiv.org.
    3. Ekholm, Tommi, 2020. "Optimal forest rotation under carbon pricing and forest damage risk," Forest Policy and Economics, Elsevier, vol. 115(C).
    4. Patto, João V. & Rosa, Renato, 2022. "Adapting to frequent fires: Optimal forest management revisited," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
    5. Cerdá, Emilio & Martín-Barroso, David, 2013. "Optimal control for forest management and conservation analysis in dehesa ecosystems," European Journal of Operational Research, Elsevier, vol. 227(3), pages 515-526.
    6. Kim, Yeon-Su & Rodrigues, Marcos & Robinne, François-Nicolas, 2021. "Economic drivers of global fire activity: A critical review using the DPSIR framework," Forest Policy and Economics, Elsevier, vol. 131(C).
    7. Stéphane S. Couture & Marie-Josée Cros & Régis Sabbadin, 2014. "Risk preferences and optimal management of uneven-aged forests in the presence of climate change: a Markov decision process approach," Post-Print hal-02741407, HAL.
    8. Dumollard, Gaspard, 2018. "Multiple-stand forest management under fire risk: Analytical characterization of stationary rotation ages and optimal carbon sequestration policy," Journal of Forest Economics, Elsevier, vol. 32(C), pages 146-154.
    9. Nguyen, Trung Thanh & Nghiem, Nhung, 2016. "Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels," Forest Policy and Economics, Elsevier, vol. 73(C), pages 185-194.
    10. Misal, Haleema & Varela, Elsa & Voulgarakis, Apostolos & Rovithakis, Anastasios & Grillakis, Manolis & Kountouris, Yiannis, 2023. "Assessing public preferences for a wildfire mitigation policy in Crete, Greece," Forest Policy and Economics, Elsevier, vol. 153(C).
    11. Shu Wu, 2021. "RETRACTED: The Temporal-Spatial Distribution and Information-Diffusion-Based Risk Assessment of Forest Fires in China," Sustainability, MDPI, vol. 13(24), pages 1-18, December.
    12. Susaeta, Andres & Chang, Sun Joseph & Carter, Douglas R. & Lal, Pankaj, 2014. "Economics of carbon sequestration under fluctuating economic environment, forest management and technological changes: An application to forest stands in the southern United States," Journal of Forest Economics, Elsevier, vol. 20(1), pages 47-64.
    13. Couture, Stéphane & Cros, Marie-Josée & Sabbadin, Régis, 2016. "Risk aversion and optimal management of an uneven-aged forest under risk of windthrow: A Markov decision process approach," Journal of Forest Economics, Elsevier, vol. 25(C), pages 94-114.
    14. Gaspard Dumollard & Stéphane De Cara, 2018. "Land allocation between a multiple-stand forest and agriculture under storm risk and recursive preferences," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 7(3), pages 256-268, July.
    15. Hou, Guolong & Delang, Claudio O. & Lu, Xixi & Olschewski, Roland, 2020. "Optimizing rotation periods of forest plantations: The effects of carbon accounting regimes," Forest Policy and Economics, Elsevier, vol. 118(C).
    16. Ye Song & Hongjun Peng, 2019. "Strategies of Forestry Carbon Sink under Forest Insurance and Subsidies," Sustainability, MDPI, vol. 11(17), pages 1-13, August.
    17. Gren, Ing-Marie & Carlsson, Mattias & Elofsson, Katarina & Munnich, Miriam, 2012. "Stochastic carbon sinks for combating carbon dioxide emissions in the EU," Energy Economics, Elsevier, vol. 34(5), pages 1523-1531.
    18. G. Cornelis van Kooten & Tim Bogle & Frans P. de Vries, 2012. "Rent Seeking and the Smoke and Mirrors Game in the Creation of Forest Sector Carbon Credits: An Example from British Columbia," Working Papers 2012-06, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    19. Lessa Derci Augustynczik, Andrey & Yousefpour, Rasoul, 2021. "Assessing the synergistic value of ecosystem services in European beech forests," Ecosystem Services, Elsevier, vol. 49(C).
    20. Hernandez, M. & Gómez, T. & Molina, J. & León, M.A. & Caballero, R., 2014. "Efficiency in forest management: A multiobjective harvest scheduling model," Journal of Forest Economics, Elsevier, vol. 20(3), pages 236-251.
    21. Brèteau-Amores, Sandrine & Brunette, Marielle & Davi, Hendrik, 2019. "An Economic Comparison of Adaptation Strategies Towards a Drought-induced Risk of Forest Decline," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    22. Luo, Li & Gao, Yuan & Regan, Courtney M. & Summers, David M. & Connor, Jeffery D. & O'Hehir, Jim & Meng, Li & Chow, Christopher W.K., 2024. "Emissions offset incentives, carbon storage and profit optimization for Australian timber plantations," Forest Policy and Economics, Elsevier, vol. 159(C).
    23. Ekholm, Tommi, 2016. "Optimal forest rotation age under efficient climate change mitigation," Forest Policy and Economics, Elsevier, vol. 62(C), pages 62-68.
    24. Peterson St-Laurent, Guillaume & Locatelli, Bruno & Hoberg, George & Gukova, Veronika & Hagerman, Shannon, 2021. "Models for integrating climate objectives in forest policy: Towards adaptation-first?," Land Use Policy, Elsevier, vol. 104(C).
    25. Zhou, Mo, 2015. "Adapting sustainable forest management to climate policy uncertainty: A conceptual framework," Forest Policy and Economics, Elsevier, vol. 59(C), pages 66-74.

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