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An Economic Comparison of Adaptation Strategies Towards a Drought-induced Risk of Forest Decline

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  • Brèteau-Amores, Sandrine
  • Brunette, Marielle
  • Davi, Hendrik

Abstract

Drought is a source of stress that affects forest growth, resulting in financial losses for forest owners and amenity losses for society. Due to climate change, such natural events will be more frequent and intense in the future. In this context, the objective of this paper is to compare, from an economic perspective, different forest adaptation strategies towards a drought-induced risk of decline. For that purpose, we focused on a case study of a beech forest in Burgundy (France) and we studied several adaptation options: density reduction, reduction of the rotation length, and substitution with Douglas-fir. We also considered two levels of drought risk (intermediate and low soil water capacity) and two climate scenarios from the IPCC (RCP 4.5 and RCP 8.5). We combined a process-based forest-growth simulator (CASTANEA) with a traditional forest economics approach. The results showed that adaptation provided the best economic return in most of the scenarios considered. Combining strategies appears as a relevant way to adapt forests in view of a drought-induced risk of forest decline. We also demonstrated the importance of considering two disciplinary fields. Beneficial scenarios in an ecological perspective were not necessarily beneficial in an economic one and vice versa.

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  • 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.
    • Handle: RePEc:eee:ecolec:v:164:y:2019:i:c:41
    DOI: 10.1016/j.ecolecon.2019.04.006
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    Cited by:

    1. M. Brunette & M. Hanewinkel & R. Yousefpour, 2020. "Risk aversion hinders forestry professionals to adapt to climate change," Climatic Change, Springer, vol. 162(4), pages 2157-2180, October.
    2. Julie Thomas & Marielle Brunette & Antoine Leblois, 2021. "Adapting forest management practices to climate change : Lessons from a survey of French private forest owners," Working Papers hal-03142772, HAL.
    3. Dymond, Caren Christine & Giles-Hansen, Krysta & Asante, Patrick, 2020. "The forest mitigation-adaptation nexus: Economic benefits of novel planting regimes," Forest Policy and Economics, Elsevier, vol. 113(C).
    4. Bastit, Félix & Brunette, Marielle & Montagné-Huck, Claire, 2023. "Pests, wind and fire: A multi-hazard risk review for natural disturbances in forests," Ecological Economics, Elsevier, vol. 205(C).
    5. Brèteau-Amores, Sandrine & Yousefpour, Rasoul & Hanewinkel, Marc & Fortin, Mathieu, 2023. "Forest adaptation strategies to reconcile timber production and carbon sequestration objectives under multiple risks of extreme drought and windstorm events," Ecological Economics, Elsevier, vol. 212(C).
    6. Zamora-Pereira, Juan Carlos & Hanewinkel, Marc & Yousefpour, Rasoul, 2023. "Robust management strategies promoting ecological resilience and economic efficiency of a mixed conifer-broadleaf forest in Southwest Germany under the risk of severe drought," Ecological Economics, Elsevier, vol. 209(C).

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    More about this item

    Keywords

    Forest; Drought; Adaptation; Climate change; Economics; Risk; Carbon; CASTANEA;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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