FEEM working papers "Note di lavoro" series
2007 .028

Carbon Sequestration with Reforestations and Biodiversity-Scenic Values


Authors: A. Caparrós, E. Cerdá, P. Ovando, P. Campos
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Optimal Control,Forests,Carbon,Sequestration,Biodiversity,Scenic,Stated Preferences,Carbon Accounting
JEL n.: Q23,Q26,Q51,Q57
JEL: Environmental and Resource Economics
Pages: Vol. 45, No. 1, pp. 49-72
Date: 01/2010

Abstract

This paper presents an optimal control model to analyze reforestations with two different species, including commercial values, carbon sequestration and biodiversity or scenic values. We solve the model qualitatively with general functions and discuss the implications of partial or total internalization of environmental values, showing that internalizing only carbon sequestration may have negative impacts on biodiversity-scenic values. To evaluate the practical relevance, we compare reforestations in the South-west of Spain with cork-oaks (a slow growing native species) and with eucalyptus (a fast growing alien species). We do the analysis with two different carbon crediting methods: the Carbon Flow Method and the Ton Year Accounting Method. With the .first method forest surface increases more, but using mainly eucalyptus. With the second, additional reforestations are done mainly using cork-oaks. We value the impact on visitors of these reforestations using stated preferences methods, showing that when these values are internalized cork-oaks are favored.

Download file
Download PDF file

FEEM Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree