IDEAS home Printed from https://ideas.repec.org/p/fem/femwpa/2010.10.html
   My bibliography  Save this paper

European Forests and Carbon Sequestration Services: An Economic Assessment of Climate Change Impacts

Author

Listed:
  • Paulo A.L.D. Nunes

    (University of Venice)

  • Helen Ding

    (Ca’ Foscari University of Venice and Fondazione Eni Enrico Mattei)

  • Sonja Teelucksingh

    (ondazione Eni Enrico Mattei and University of the West Indies)

Abstract

This paper reports an original economic valuation of the impact of climate change on the provision of forest regulating services in Europe. To the authors’ knowledge the current paper represents the first systematic attempt to estimate human well-being losses with respect to changes in biodiversity and forest regulating services that are directly driven by climate change. First, selected 34 European countries are grouped by their latitude intervals to capture the differentiated regional effects of forests in response to climate change. Moreover, the future trends of forest areas and stocked carbon in 2050 are projected through the construction and simulation of global circulation models such as HADMC3 following four different future developing paths described by the four IPCC scenarios. Finally, the valuation exercise is anchored in an ecosystem service based approach, involving the use of general circulation models and integrated assessment models. Our findings address two dimensions in the evaluation of climate impacts on European forests: Firstly, future projections yield different states of the world depending upon the IPCC scenario adopted. Secondly, spatial issues matter in an assessment of the distributional impacts of climate change, as these impacts are not distributed in a uniform way across the European countries under consideration.

Suggested Citation

  • Paulo A.L.D. Nunes & Helen Ding & Sonja Teelucksingh, 2010. "European Forests and Carbon Sequestration Services: An Economic Assessment of Climate Change Impacts," Working Papers 2010.10, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2010.10
    as

    Download full text from publisher

    File URL: http://www.feem.it/userfiles/attach/2010231042354NDL2010-010.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(1), pages 47-73, January.
    2. Nordhaus, William D., 1993. "Rolling the 'DICE': an optimal transition path for controlling greenhouse gases," Resource and Energy Economics, Elsevier, vol. 15(1), pages 27-50, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. K. S. Kavi Kumar & Lavanya Ravikanth Anneboina & Ramchandra Bhatta, 2016. "Valuation of Coastal and Marine Ecosystem Services in India: Macro Assessment," Working Papers id:11440, eSocialSciences.

    More about this item

    Keywords

    Economic Valuation; Forest Ecosystem; Carbon Sequestration; Climate Change Impacts;

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2010.10. 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: (barbara racah). General contact details of provider: http://edirc.repec.org/data/feemmit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.