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Carbon Sequestration with Reforestations and Biodiversity-scenic Values

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  • Alejandro Caparrós

    ()

  • Emilio Cerdá

    ()

  • Paola Ovando

    ()

  • Pablo Campos

    ()

Abstract

This paper presents an optimal control model to analyze reforestations with two different species, including commercial values, carbon sequestration and biodiversity or scenic values. We solve the model qualitatively with general functions and discuss the implications of partial or total internalization of environmental values, showing that internalizing only carbon sequestration may have negative impacts on biodiversity-scenic values. To evaluate the practical relevance, we compare reforestations in the South-west of Spain with cork-oaks (a slow growing native species) and with eucalyptus (a fast growing alien species). We do the analysis with two different carbon crediting methods: the Carbon Flow Method and the Ton Year Accounting Method. With the .first method forest surface increases more, but using mainly eucalyptus. With the second, additional reforestations are done mainly using cork-oaks. We value the impact on visitors of these reforestations using stated preferences methods, showing that when these values are internalized cork-oaks are favored.

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Bibliographic Info

Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 45 (2010)
Issue (Month): 1 (January)
Pages: 49-72

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Handle: RePEc:kap:enreec:v:45:y:2010:i:1:p:49-72

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Web page: http://www.springerlink.com/link.asp?id=100263

Related research

Keywords: Optimal control; Forests; Carbon sequestration; Biodiversity; Scenic; Stated preferences; Carbon accounting; Q23; Q26; Q51; Q57;

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References

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  1. Alejandro Caparros & Pablo Campos & David Martin, 2003. "Influence of carbon dioxide abatement and recreational services on optimal forest rotation," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 6(3), pages 345-358.
  2. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November.
  3. Ellen Moons & Bert Saveyn & Stef Proost & Martin Hermy, 2006. "Optimal location of new forests in a suburban region," Center for Economic Studies - Discussion papers ces0612, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
  4. Alejandro Caparrós & Emilio Cerdá & Paola Ovando & Pablo Campos, 2010. "Carbon Sequestration with Reforestations and Biodiversity-scenic Values," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 45(1), pages 49-72, January.
  5. Hongli Feng & Catherine L. Kling, 2005. "The Consequences of Cobenefits for the Efficient Design of Carbon Sequestration Programs," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(4), pages 461-476, December.
  6. Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers 5068, Iowa State University, Department of Economics.
  7. Matthews, Stephen & O'Connor, Raymond & Plantinga, Andrew J., 2002. "Quantifying the impacts on biodiversity of policies for carbon sequestration in forests," Ecological Economics, Elsevier, vol. 40(1), pages 71-87, January.
  8. Ellen Moons & Bert Saveyn & Stef Proost & Martin Hermy, 2005. "Optimal Location of New Forests in a Suburban Area," ERSA conference papers ersa05p58, European Regional Science Association.
  9. Alejandro Caparr�s & José L. Oviedo & Pablo Campos, 2008. "Would You Choose Your Preferred Option? Comparing Choice and Recoded Ranking Experiments," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 843-855.
  10. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
  11. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
  12. Brent Sohngen & Robert Mendelsohn, 2003. "An Optimal Control Model of Forest Carbon Sequestration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 448-457.
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Cited by:
  1. Alix-Garcia, Jennifer & Wolff, Hendrik, 2014. "Payment for Ecosystem Services from Forests," IZA Discussion Papers 8179, Institute for the Study of Labor (IZA).
  2. 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.
  3. A. Caparrós & E. Cerdá & P. Ovando & P. Campos, 2007. "Carbon Sequestration with Reforestations and Biodiversity-Scenic Values," Working Papers 2007.28, Fondazione Eni Enrico Mattei.
  4. Chisholm, Ryan A., 2010. "Trade-offs between ecosystem services: Water and carbon in a biodiversity hotspot," Ecological Economics, Elsevier, vol. 69(10), pages 1973-1987, August.
  5. Osgathorpe, Lynne M. & Park, Kirsty & Goulson, Dave & Acs, Szvetlana & Hanley, Nick, 2011. "The trade-off between agriculture and biodiversity in marginal areas: Can crofting and bumblebee conservation be reconciled?," Ecological Economics, Elsevier, vol. 70(6), pages 1162-1169, April.
  6. Vidal, Fernando, 2012. "La valoración de arbolado en España. Una revisión," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 12(1).

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