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Managing Forests For Multiple Tradeoffs: Compromising On Timber, Carbon And Biodiversity Objectives

Author

Listed:
  • Krcmar, Emina
  • van Kooten, G. Cornelis
  • Vertinsky, Ilan

Abstract

In this paper, we develop a multiple objective, decision-making model that focuses on forest policies that simultaneously achieve carbon uptake and maintenance of ecosystem diversity objectives. Two forest carbon measures are used - a nominal (undiscounted) net carbon uptake as a proxy for long-term carbon sequestration and discounted net carbon uptake that captures the "fast" carbon accumulation aspect. Ecosystem diversity is expressed in terms of desired structures for forest and afforested agricultural land. Economic effects of possible strategies are examined by comparing attainment of these objectives with the net discounted returns from commercial timber harvests and agricultural activities. The tradeoffs between timber and non-timber objectives are obtained by means of compromise programming. Two measures of distance between the current objective values and the ideal ones are used to assess attainment of multiple goals. We explore how the choice of a measure affects the decisions and overall performance. The model is applied to the boreal forest and accompanying marginal agricultural lands in the Peace River region of northeastern British Columbia.

Suggested Citation

  • Krcmar, Emina & van Kooten, G. Cornelis & Vertinsky, Ilan, 2004. "Managing Forests For Multiple Tradeoffs: Compromising On Timber, Carbon And Biodiversity Objectives," Working Papers 18161, University of Victoria, Resource Economics and Policy.
    • Handle: RePEc:ags:uvicwp:18161
    DOI: 10.22004/ag.econ.18161
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    References listed on IDEAS

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    1. Alig, Ralph J. & Adams, Darius M. & McCarl, Bruce A., 1998. "Ecological and economic impacts of forest policies: interactions across forestry and agriculture," Ecological Economics, Elsevier, vol. 27(1), pages 63-78, October.
    2. G. C. van Kooten, 2004. "Climate Change Economics," Books, Edward Elgar Publishing, number 3424.
    3. P. L. Yu, 1973. "A Class of Solutions for Group Decision Problems," Management Science, INFORMS, vol. 19(8), pages 936-946, April.
    4. Krcmar, Emina & Stennes, Brad & Cornelis van Kooten, G. & Vertinsky, Ilan, 2001. "Carbon sequestration and land management under uncertainty," European Journal of Operational Research, Elsevier, vol. 135(3), pages 616-629, December.
    5. Hayri Önal, 1997. "Trade-off between Structural Diversity and Economic Objectives in Forest Management," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 1001-1012.
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    Cited by:

    1. van Kooten, G. Cornelis & Eagle, Alison J. & Manley, James G. & Smolak, Tara M., 2004. "How Costly Are Carbon Offsets? A Meta-Analysis Of Carbon Forest Sinks," Working Papers 18166, University of Victoria, Resource Economics and Policy.
    2. Krcmar, Emina & Eagle, Alison J. & van Kooten, G. Cornelis, 2007. "Optimal Forest Strategies for Addressing Tradeoffs and Uncertainty in Economic Development under Old-Growth Constraints," Annual Meeting, 2007, July 29-August 1, Portland, Oregon 10251, Canadian Agricultural Economics Society.

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    Keywords

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    JEL classification:

    • 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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