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An economic comparison of adaptation strategies towards a drought-induced risk of forest decline

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  • Sandrine Brèteau-Amores
  • Marielle Brunette
  • Hendrik Davi

Abstract

Drought is a source of stress affecting forest growth and resulting in financial losses for forest owners and amenity losses for society. Due to climate change, such natural event will be more frequent and intense in the future. In this context, the objective of the paper is to compare, from an economic perspective, different forest adaptation strategies towards drought-induced risk of decline. For that purpose, we focus on a case study of a forest of beech in Burgundy (France) and, we studied several adaptation options: density reduction, reduction of the rotation length and substitution by Douglas-fir. We also considered two levels of drought risk (intermediate and low soil water capacity) and two climatic scenarii from IPCC (RCP 4.5 and RCP 8.5). We combine a process-based forest-growth simulator (CASTANEA) with a traditional forest economics approach. The results showed that adaptation provided the best economic return in most of the scenario considered. Combining strategies appears as a relevant way to adapt forest towards a drought-induced risk of forest decline. The interest to consider two disciplinary fields was also demonstrated with beneficial scenarii in an ecological perspective that were not in an economic one and reversely.

Suggested Citation

  • Sandrine Brèteau-Amores & Marielle Brunette & Hendrik Davi, 2018. "An economic comparison of adaptation strategies towards a drought-induced risk of forest decline," Working Papers of BETA 2018-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  • Handle: RePEc:ulp:sbbeta:2018-38
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    File URL: http://www.beta-umr7522.fr/productions/publications/2018/2018-38.pdf
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    References listed on IDEAS

    as
    1. Couture, Stéphane & Reynaud, Arnaud, 2011. "Forest management under fire risk when forest carbon sequestration has value," Ecological Economics, Elsevier, vol. 70(11), pages 2002-2011, September.
    2. Johnston, Craig M.T. & Withey, Patrick, 2017. "Managing Forests for Carbon and Timber: A Markov Decision Model of Uneven-aged Forest Management With Risk," Ecological Economics, Elsevier, vol. 138(C), pages 31-39.
    3. Marielle Brunette & Sandrine Costa & Franck Lecocq, 2012. "Economics of Species Change under Risk of Climate Change and Increasing Information: A (Quasi-)Option Value Analysis," Working Papers - Cahiers du LEF 2012-05, Laboratoire d'Economie Forestiere, AgroParisTech-INRA, revised Sep 2012.
    4. Frayssé, J. & Moreaux, M. & Terreaux, J.P., 1990. "Actualisation et gestion forestière," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 15.
    5. Howard, Peter & Sterner, Thomas, 2014. "Raising the Temperature on Food Prices: Climate Change, Food Security, and the Social Cost of Carbon," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170648, Agricultural and Applied Economics Association.
    6. Marielle Brunette & Nathalie Breda, 2019. "Are 40 years better than 55 ? An analysis of the reduction of forest rotation to face drought event in a Douglas fir stand," Post-Print hal-02118104, HAL.
    7. Dwivedi, Puneet & Bailis, Robert & Stainback, Andrew & Carter, Douglas R., 2012. "Impact of payments for carbon sequestered in wood products and avoided carbon emissions on the profitability of NIPF landowners in the US South," Ecological Economics, Elsevier, vol. 78(C), pages 63-69.
    8. Anna Jönsson & Fredrik Lagergren & Benjamin Smith, 2015. "Forest management facing climate change - an ecosystem model analysis of adaptation strategies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(2), pages 201-220, February.
    9. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    10. Guitart, A. Bussoni & Rodriguez, L.C. Estraviz, 2010. "Private valuation of carbon sequestration in forest plantations," Ecological Economics, Elsevier, vol. 69(3), pages 451-458, January.
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    More about this item

    Keywords

    forest; drought; adaptation; climate change; economics; risk; carbon; CASTANEA.;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • 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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