The impact of the Russian-Ukrainian war on Europe’s forest-based bioeconomy

Hans Lööf () and Andreas Stephan

No 491, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: The Russian-Ukrainian war increases the stress on forests. International sanctions hit exports from Russia and Belarus, while the conflict severely affects production in Ukraine. The three countries accounted for a quarter of the worldwide timber trade in 2021, and Russia was the world’s largest exporter of softwood. The war increases the European Union’s (EU’s) dependency on its own forest resources. This brings forward the challenge to achieve a balance between forests as carbon sink, habitat for biodiversity conservation, and functional ecosystems on the one hand, and on the other hand, the growing demand for wood-based materials harvested from forests and rising demand for renewable energy. Our study provides insights into this trade-off with regard to the climate goals, where EU’s forest-based bioeconomy may play a major role.

Keywords: Bioeconomy; biodiversity; climate-change; forest management; sustainability (search for similar items in EconPapers)
JEL-codes: F18 H70 L73 Q54 Q57 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2022-08-22
New Economics Papers: this item is included in nep-agr, nep-cis, nep-env and nep-int
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Journal Article: The Impact of the Russian-Ukrainian War on Europe’s Forest-Based Bioeconomy (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0491

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