Forest management under fire risk when forest carbon sequestration has value |
| |
Authors: | Stéphane Couture Arnaud Reynaud |
| |
Institution: | a INRA, Unité de Biométrie et Intelligence Artificielle, Chemin de Borde Rouge, Auzeville BP 52627 F-31326 CASTANET TOLOSAN Cedex, Franceb TSE(LERNA), Université de Toulouse 1, Manufacture des Tabacs-Bât.F, 21 allée de Brienne, 31042 Toulouse, France |
| |
Abstract: | We develop a multiple forest use model to determine the optimal harvest date for a forest stand producing both timber and carbon benefits under a risk of fire. An empirical application is provided for a forest owner producing maritime pine in Southwest of France. Our results indicate that a higher risk of fire will decrease the optimal rotation period. On the contrary, higher carbon prices increase the optimal harvesting age. To investigate the contradictory effects of fire risk and carbon price on forest rotation, we identify the set of carbon prices and fire risks that lead to a given rotation age. We also show that forest owner's willingness to pay for a risk reduction can be substantial (37.33 euros by ha and by year to reduce the annual fire risk from 1.26% to 0.07%). |
| |
Keywords: | Forest economics Carbon sequestration Fire risk Climate change Stochastic dynamic programming |
本文献已被 ScienceDirect 等数据库收录! |
|