Assessing the externalities of timber production

Timo Pukkala

Forest Policy and Economics, 2022, vol. 135, issue C

Abstract: Responsible forest policy promotes management that does not impair the multiple uses of forests or decrease their regulative effects and biological diversity. The most important regulative effect of boreal forests is their ability to remove carbon dioxide from the atmosphere. High biological diversity improves the resilience of forest ecosystems and forest-based economies, enhancing the long-term sustainability of forest production. This study developed a method for assessing the performance of forest management in terms of its effects on multiple uses, biodiversity, and carbon sequestration. These externalities were described with 11 indicator variables, which can be calculated for any Finnish forest stand from the current forest inventory data with currently available models and algorithms. The indicator variables were normalized based on the ranges of the indicator variables in Finnish forests on different sites. The forest-level averages of the normalized indicator variables were used to calculate a multiplicative externality score for the forest. The developed method for calculating the forest-wide externality score was used in two forest holdings for alternative silvicultural systems. The case study results suggested that continuous cover management enhances the positive externalities of timber production, as compared to even-aged rotation forestry. Green-tree retention improved the externality score in both silvicultural systems. Maximizing the net present value of timber production in rotation forestry decreased the externality score by about 50% compared to a non-managed forest. The decrease was about 30% smaller in continuous cover forestry.

Keywords: Acceptability analysis; Carbon sequestration; Continuous cover forestry; Ecosystem services; Green-tree retention; Responsibility analysis (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1389934121002525
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:135:y:2022:i:c:s1389934121002525

DOI: 10.1016/j.forpol.2021.102646

Access Statistics for this article

Forest Policy and Economics is currently edited by M. Krott

More articles in Forest Policy and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().