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The impact of the Russian-Ukrainian war on Europe’s forest-based bioeconomy

Author

Listed:
  • Lööf, Hans

    (CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology)

  • Stephan, Andreas

    (Linnaeus University)

Abstract

The Russian-Ukrainian war increases the stress on forests. International sanctions hit exports from Russia and Belarus, while the conflict severely affects production in Ukraine. The three countries accounted for a quarter of the worldwide timber trade in 2021, and Russia was the world’s largest exporter of softwood. The war increases the European Union’s (EU’s) dependency on its own forest resources. This brings forward the challenge to achieve a balance between forests as carbon sink, habitat for biodiversity conservation, and functional ecosystems on the one hand, and on the other hand, the growing demand for wood-based materials harvested from forests and rising demand for renewable energy. Our study provides insights into this trade-off with regard to the climate goals, where EU’s forest-based bioeconomy may play a major role.

Suggested Citation

  • Lööf, Hans & Stephan, Andreas, 2022. "The impact of the Russian-Ukrainian war on Europe’s forest-based bioeconomy," Working Paper Series in Economics and Institutions of Innovation 491, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    • Handle: RePEc:hhs:cesisp:0491
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    References listed on IDEAS

    as
    1. Giacomo Grassi & Jo House & Frank Dentener & Sandro Federici & Michel den Elzen & Jim Penman, 2017. "The key role of forests in meeting climate targets requires science for credible mitigation," Nature Climate Change, Nature, vol. 7(3), pages 220-226, March.
    2. Gustavsson, L. & Nguyen, T. & Sathre, R. & Tettey, U.Y.A., 2021. "Climate effects of forestry and substitution of concrete buildings and fossil energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 136(C).
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    More about this item

    Keywords

    Bioeconomy; biodiversity; climate-change; forest management; sustainability;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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