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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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    1. Sohngen, Brent & Mendelsohn, Robert & Sedjo, Roger A., 2001. "A Global Model Of Climate Change Impacts On Timber Markets," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(2), pages 1-18, December.
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    4. Sohngen, Brent & Mendelsohn, Robert, 1998. "Valuing the Impact of Large-Scale Ecological Change in a Market: The Effect of Climate Change on U.S. Timber," American Economic Review, American Economic Association, vol. 88(4), pages 686-710, September.
    5. Adam J. Daigneault & Mario J. Miranda & Brent Sohngen, 2010. "Optimal Forest Management with Carbon Sequestration Credits and Endogenous Fire Risk," Land Economics, University of Wisconsin Press, vol. 86(1), pages 155-172.
    6. W. A. Kurz & C. C. Dymond & G. Stinson & G. J. Rampley & E. T. Neilson & A. L. Carroll & T. Ebata & L. Safranyik, 2008. "Mountain pine beetle and forest carbon feedback to climate change," Nature, Nature, vol. 452(7190), pages 987-990, April.
    7. Gregory S. Amacher & Arun S. Malik & Robert G. Haight, 2005. "Not Getting Burned: The Importance of Fire Prevention in Forest Management," Land Economics, University of Wisconsin Press, vol. 81(2).
    8. Reed, William J., 1984. "The effects of the risk of fire on the optimal rotation of a forest," Journal of Environmental Economics and Management, Elsevier, vol. 11(2), pages 180-190, June.
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