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Forest management under fire risk when forest carbon sequestration has value

Author

Listed:
  • Stéphane S. Couture

    (UBIA - Unité de Biométrie et Intelligence Artificielle (ancêtre de MIAT) - INRA - Institut National de la Recherche Agronomique)

  • Arnaud A. Reynaud

    (LERNA - Economie des Ressources Naturelles - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - CEA - Commissariat à l'énergie atomique et aux énergies alternatives)

Abstract

We develop a multiple forest use model to determine the optimal harvest date for a forest stand producing both timber and carbon benefits under a risk of fire. An empirical application is provided for a forest owner producing maritime pine in Southwest of France. Our results indicate that a higher risk of fire will decrease the optimal rotation period. On the contrary, higher carbon prices increase the optimal harvesting age. To investigate the contradictory effects of fire risk and carbon price on forest rotation, we identify the set of carbon prices and fire risks that lead to a given rotation age. We also show that forest owner's willingness to pay for a risk reduction can be substantial (37.33 euros by ha and by year to reduce the annual fire risk from 1.26% to 0.07%).

Suggested Citation

  • Stéphane S. Couture & Arnaud A. Reynaud, 2011. "Forest management under fire risk when forest carbon sequestration has value," Post-Print hal-02651317, HAL.
    • Handle: RePEc:hal:journl:hal-02651317
    DOI: 10.1016/j.ecolecon.2011.05.016
    as

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