Comparison of the Economic and Environmental Sustainability for Different Peatland Strategies

Lauma Balode () and Dagnija Blumberga
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Lauma Balode: Institute of Energy Systems and Environment, Riga Technical University, Azenes St. 12/1, LV-1048 Riga, Latvia
Dagnija Blumberga: Institute of Energy Systems and Environment, Riga Technical University, Azenes St. 12/1, LV-1048 Riga, Latvia

Land, 2024, vol. 13, issue 4, 1-20

Abstract: Previous studies of the literature show that there are great uncertainties regarding costs and gains for peatland restoration strategies and that the monetary estimation of peatland restoration and possible alternatives can be complicated. The research aims to compare the economic costs and benefits of existing peatland restoration strategies and alternative use of peat and peatlands. A core method for the evaluation of the economic aspects of each strategy used is the composite index method. Information for constructing the composite index is based on data from the scientific literature, reports, and local project studies. In the study, peatland strategies, peat extraction, and alternative use in products were mutually compared with existing strategies. The highest composite index among strategies was for the production of insulation boards and cultivation of paludicultures using cattail or sphagnum farming. Cultivation of paludicultures can be an economically viable strategy if costs and gains are evaluated. Cultivation of cattail or sphagnum can make economic gains for landowners and farmers, and solutions for the reduction in necessary initial investments should be sought. Harvested biomass can be used for high-added-value products, in this case, insulation boards from cattail (Typha). Therefore, peat biomass can be used as an economically valuable resource, and raw material for insulation board production is obtained without the extraction of peat. Also, ecosystem services and potential income are not reduced.

Keywords: investments; emissions; value-added products; composite; composite index (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2024
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