Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction
This paper presents a bottom-up methodological framework for estimating some of the key ecosystem services provided by forests biomes worldwide. We consider the provision of wood and non-wood forest products, recreation and passive use, and forestsâ€™ contribution to climate regulation in terms of carbon sequestration capacity. The valuation framework derives per hectare estimates by applying meta-analysis, value transfer and scaling up procedures in order to control for existing heterogeneities across world regions and forest biomes. The first part of the study estimates stock values per hectare for each forest ecosystem service in the baseline year 2000 and in the year 2050. Carbon stocks represent, in general, the highest value per hectare, followed by provisioning services, passive use and recreational values. The second part provides an estimation of the welfare loss (or gain) associated with policy inaction in the period 2000-2050 leading to a change in the forest area. Welfare results are mixed and require a careful interpretation. In different world regions, no policy initiative can results in both gains and losses, which appear to be sensitive to the use of lower or upper bounds values per hectare.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Garrod, G. D. & Willis, K. G., 1997. "The non-use benefits of enhancing forest biodiversity: A contingent ranking study," Ecological Economics, Elsevier, vol. 21(1), pages 45-61, April.
- Loomis, John & Ekstrand, Earl, 1998. "Alternative approaches for incorporating respondent uncertainty when estimating willingness to pay: the case of the Mexican spotted owl," Ecological Economics, Elsevier, vol. 27(1), pages 29-41, October.
- Paulo A.L.D. Nunes & Elena Ojea & Maria Loureiro, 2009. "Mapping of Forest Biodiversity Values: A Plural Perspective," Working Papers 2009.4, Fondazione Eni Enrico Mattei.
- Toman, Michael, 1998. "SPECIAL SECTION: FORUM ON VALUATION OF ECOSYSTEM SERVICES: Why not to calculate the value of the world's ecosystem services and natural capital," Ecological Economics, Elsevier, vol. 25(1), pages 57-60, April.
- repec:dgr:uvatin:20090080 is not listed on IDEAS
- Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
- Riccardo Scarpa & Susan M. Chilton & W. George Hutchinson & Joseph Buongiorno, 1999.
"Valuing the Recreational Benefits From the Creation of Nature Reserves in Irish Forests,"
1999.11, Fondazione Eni Enrico Mattei.
- Scarpa, Riccardo & Chilton, Susan M. & Hutchinson, W. George & Buongiorno, Joseph, 2000. "Valuing the recreational benefits from the creation of nature reserves in Irish forests," Ecological Economics, Elsevier, vol. 33(2), pages 237-250, May.
- Ian J. Bateman & Guy D. Garrod & Julii S. Brainard & Andrew A. Lovett, 1996. "Measurement Issues In The Travel Cost Method: A Geographical Information Systems Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1-4), pages 191-205.
- Kniivilä, Matleena & Ovaskainen, Ville & Saastamoinen, Olli & Kniivilä, Matleena, 2002. "Costs and benefits of forest conservation: regional and local comparisons in Eastern Finland," Journal of Forest Economics, Elsevier, vol. 8(2), pages 131-150.
- Lisa C. Chase & David R. Lee & William D. Schulze & Deborah J. Anderson, 1998. "Ecotourism Demand and Differential Pricing of National Park Access in Costa Rica," Land Economics, University of Wisconsin Press, vol. 74(4), pages 466-482.
- Woodward, Richard T. & Wui, Yong-Suhk, 2001. "The economic value of wetland services: a meta-analysis," Ecological Economics, Elsevier, vol. 37(2), pages 257-270, May.
- Martin L. Weitzman, 2001.
American Economic Review,
American Economic Association, vol. 91(1), pages 260-271, March.
- Martin L. Weitzman, 1998. "Gamma Discounting," Harvard Institute of Economic Research Working Papers 1843, Harvard - Institute of Economic Research.
- Mogas, Joan & Riera, Pere & Bennett, Jeff, 2006. "A comparison of contingent valuation and choice modelling with second-order interactions," Journal of Forest Economics, Elsevier, vol. 12(1), pages 5-30, March.
- M. Shechter & B. Reiser & N. Zaitsev, 1998. "Measuring Passive Use Value: Pledges, Donations and CV Responses in Connection with an Important Natural Resource," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 12(4), pages 457-478, December.
- Naidoo, Robin & Adamowicz, Wiktor L., 2005. "Biodiversity and nature-based tourism at forest reserves in Uganda," Environment and Development Economics, Cambridge University Press, vol. 10(02), pages 159-178, May.
- Elena Ojea & Paulo Nunes & Maria Loureiro, 2010. "Mapping Biodiversity Indicators and Assessing Biodiversity Values in Global Forests," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 47(3), pages 329-347, November.
- Bostedt, Göran & Mattsson, Leif, 2006. "A note on benefits and costs of adjusting forestry to meet recreational demands," Journal of Forest Economics, Elsevier, vol. 12(1), pages 75-81, March.
- Valentina Bosetti & Emanuele Massetti & Massimo Tavoni, 2007. "The WITCH Model. Structure, Baseline, Solutions," Working Papers 2007.10, Fondazione Eni Enrico Mattei.
- Andreas Kontoleon & Timothy Swanson, 2003. "The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation?," Land Economics, University of Wisconsin Press, vol. 79(4), pages 483-499.
- Chomitz, Kenneth M. & Alger, Keith & Thomas, Timothy S. & Orlando, Heloisa & Nova, Paulo Vila, 2005. "Opportunity costs of conservation in a biodiversity hotspot: the case of southern Bahia," Environment and Development Economics, Cambridge University Press, vol. 10(03), pages 293-312, June.
- Enrica De Cian & Valentina Bosetti & Alessandra Sgobbi & Massimo Tavoni, 2009. "The 2008 WITCH Model: New Model Features and Baseline," Working Papers 2009.85, Fondazione Eni Enrico Mattei.
- Siikamaki, Juha & Layton, David F., 2007. "Discrete choice survey experiments: A comparison using flexible methods," Journal of Environmental Economics and Management, Elsevier, vol. 53(1), pages 122-139, January.
When requesting a correction, please mention this item's handle: RePEc:bcc:wpaper:2010-13. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergio Faria)
If references are entirely missing, you can add them using this form.