An Economic Comparison of Adaptation Strategies Towards a Drought-induced Risk of Forest Decline

Sandrine Brèteau-Amores (), Marielle Brunette () and Hendrik Davi ()
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Hendrik Davi: URFM - Ecologie des Forêts Méditerranéennes - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Drought is a source of stress that affects forest growth, resulting in financial losses for forest owners and amenity losses for society. Due to climate change, such natural events will be more frequent and intense in the future. In this context, the objective of this paper is to compare, from an economic perspective, different forest adaptation strategies towards a drought-induced risk of decline. For that purpose, we focused on a case study of a beech forest in Burgundy (France) and we studied several adaptation options: density reduction, reduction of the rotation length, and substitution with Douglas-fir. We also considered two levels of drought risk (intermediate and low soil water capacity) and two climate scenarios from the IPCC (RCP 4.5 and RCP 8.5). We combined 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 scenarios considered. Combining strategies appears as a relevant way to adapt forests in view of a drought-induced risk of forest decline. We also demonstrated the importance of considering two disciplinary fields. Beneficial scenarios in an ecological perspective were not necessarily beneficial in an economic one and vice versa.

Keywords: forest; drought; adaptation; economics; climate change; risk; carbon; CASTANEA (search for similar items in EconPapers)
Date: 2019
Note: View the original document on HAL open archive server: https://hal.science/hal-02159597v1
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Citations: View citations in EconPapers (6)

Published in Ecological Economics, 2019, 164, pp.106294. ⟨10.1016/j.ecolecon.2019.04.006⟩

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Related works:
Journal Article: An Economic Comparison of Adaptation Strategies Towards a Drought-induced Risk of Forest Decline (2019)
Working Paper: An economic comparison of adaptation strategies towards a drought-induced risk of forest decline (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02159597

DOI: 10.1016/j.ecolecon.2019.04.006

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