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Global climate change impacts on forests and markets

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  • Sohngen, Brent
  • Tian, Xiaohui

Abstract

This paper examines how foresters have adapted to important supply and demand driven shocks in the last century that affected timber prices and forest investments. Many of the adaptations that foresters made to changing economic conditions will be the same types of adaptations that society will need foresters to make in the future in order to adapt to climate change. These include changing rotation ages to adapt to shifting disturbance conditions, increasing intensification of management in response to dwindling old growth stocks, movement of species across regions to find better growing conditions, among other things. The paper presents results of an integrated assessment of climate change impacts in forestry and shows how projected future changes for the next century are well within the historical context.

Suggested Citation

  • Sohngen, Brent & Tian, Xiaohui, 2016. "Global climate change impacts on forests and markets," Forest Policy and Economics, Elsevier, vol. 72(C), pages 18-26.
    • Handle: RePEc:eee:forpol:v:72:y:2016:i:c:p:18-26
    DOI: 10.1016/j.forpol.2016.06.011
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    References listed on IDEAS

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    Cited by:

    1. Baker, J.S. & Wade, C.M. & Sohngen, B.L. & Ohrel, S. & Fawcett, A.A., 2019. "Potential complementarity between forest carbon sequestration incentives and biomass energy expansion," Energy Policy, Elsevier, vol. 126(C), pages 391-401.
    2. Golub, Alla & Sohngen, Brent & Cai, Yongyang & Hertel, Thomas W. & Kim, John, 2018. "Cost of forest carbon sequestration as a response to climate change in the presence of climate impacts," 2018 Annual Meeting, August 5-7, Washington, D.C. 274407, Agricultural and Applied Economics Association.
    3. Liu, Bingcai & Sohngen, Brent, 2020. "Modeling and predicting forest movement: An analysis of timber market and climate change," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304335, Agricultural and Applied Economics Association.
    4. Chen, Xiaoguang & Cui, Xiaomeng & Gao, Jing, 2023. "Differentiated agricultural sensitivity and adaptability to rising temperatures across regions and sectors in China," Journal of Environmental Economics and Management, Elsevier, vol. 119(C).
    5. Favero, Alice & Sohngen, Brent & Hamilton, W. Parker, 2022. "Climate change and timber in Latin America: Will the forestry sector flourish under climate change?," Forest Policy and Economics, Elsevier, vol. 135(C).
    6. 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).
    7. Baker, Justin S. & Van Houtven, George & Phelan, Jennifer & Latta, Gregory & Clark, Christopher M. & Austin, Kemen G. & Sodiya, Olakunle E. & Ohrel, Sara B. & Buckley, John & Gentile, Lauren E. & Mart, 2023. "Projecting U.S. forest management, market, and carbon sequestration responses to a high-impact climate scenario," Forest Policy and Economics, Elsevier, vol. 147(C).
    8. Beygi Heidarlou, Hadi & Banj Shafiei, Abbas & Erfanian, Mahdi & Tayyebi, Amin & Alijanpour, Ahmad, 2020. "Armed conflict and land-use changes: Insights from Iraq-Iran war in Zagros forests," Forest Policy and Economics, Elsevier, vol. 118(C).
    9. Daigneault, Adam & Favero, Alice, 2021. "Global forest management, carbon sequestration and bioenergy supply under alternative shared socioeconomic pathways," Land Use Policy, Elsevier, vol. 103(C).
    10. Lauri, Pekka & Forsell, Nicklas & Korosuo, Anu & Havlík, Petr & Obersteiner, Michael & Nordin, Annika, 2017. "Impact of the 2°C target on global woody biomass use," Forest Policy and Economics, Elsevier, vol. 83(C), pages 121-130.
    11. Chen, Xiaoguang & Cui, Xiaomeng & Gao, Jing, 2023. "Differentiated Agricultural Sensitivity and Adaptability to Rising Temperatures across Regions and Sectors in China," 2023 Annual Meeting, July 23-25, Washington D.C. 335522, Agricultural and Applied Economics Association.
    12. Brecka, Aaron F.J. & Shahi, Chander & Chen, Han Y.H., 2018. "Climate change impacts on boreal forest timber supply," Forest Policy and Economics, Elsevier, vol. 92(C), pages 11-21.
    13. Daigneault, Adam & Johnston, Craig & Korosuo, Anu & Baker, Justin S. & Forsell, Nicklas & Prestemon, Jeffrey P. & Abt, Robert C., 2019. "Developing Detailed Shared Socioeconomic Pathway (SSP) Narratives for the Global Forest Sector," Journal of Forest Economics, now publishers, vol. 34(1-2), pages 7-45, August.
    14. Wangyang Lai & Shanjun Li & Yanan Li & Xiaohui Tian, 2022. "Air Pollution and Cognitive Functions: Evidence from Straw Burning in China," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(1), pages 190-208, January.
    15. Abhijeet Mishra & Florian Humpenöder & Galina Churkina & Christopher P. O. Reyer & Felicitas Beier & Benjamin Leon Bodirsky & Hans Joachim Schellnhuber & Hermann Lotze-Campen & Alexander Popp, 2022. "Land use change and carbon emissions of a transformation to timber cities," Nature Communications, Nature, vol. 13(1), pages 1-12, December.
    16. Khan, M. Ali, 2016. "On a forest as a commodity and on commodification in the discipline of forestry," Forest Policy and Economics, Elsevier, vol. 72(C), pages 7-17.
    17. Filewod, Ben & Kant, Shashi, 2021. "Identifying economically relevant forest types from global satellite data," Forest Policy and Economics, Elsevier, vol. 127(C).
    18. Henderson, Jesse D. & Parajuli, Rajan & Abt, Robert C., 2020. "Biological and market responses of pine forests in the US Southeast to carbon fertilization," Ecological Economics, Elsevier, vol. 169(C).
    19. Susaeta, Andres & Adams, Damian C. & Gonzalez-Benecke, Carlos, 2017. "Economic vulnerability of southern US slash pine forests to climate change," Journal of Forest Economics, Elsevier, vol. 28(C), pages 18-32.

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