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Carbon Sequestration with Reforestations and Biodiversity-Scenic Values

Author

Listed:
  • A. Caparrós

    (Spanish Council for Scientific Research (CSIC))

  • E. Cerdá

    (University Complutense Madrid)

  • P. Ovando

    (Spanish Council for Scientific Research (CSIC-IPGP))

  • P. Campos

    (Spanish Council for Scientific Research (CSIC-IPGP))

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.

Suggested Citation

  • A. Caparrós & E. Cerdá & P. Ovando & P. Campos, 2007. "Carbon Sequestration with Reforestations and Biodiversity-Scenic Values," Working Papers 2007.28, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2007.28
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    References listed on IDEAS

    as
    1. Alejandro Caparros & Pablo Campos & David Martin, 2003. "Influence of carbon dioxide abatement and recreational services on optimal forest rotation," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 6(3), pages 345-358.
    2. Moons, Ellen & Saveyn, Bert & Proost, Stef & Hermy, Martin, 2008. "Optimal location of new forests in a suburban region," Journal of Forest Economics, Elsevier, vol. 14(1), pages 5-27, January.
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    4. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
    5. Ellen Moons & Bert Saveyn & Stef Proost & Martin Hermy, 2005. "Optimal Location of New Forests in a Suburban Area," ERSA conference papers ersa05p58, European Regional Science Association.
    6. Feng, Hongli & Zhao, Jinhua & Kling, Catherine L., 2002. "Time Path and Implementation of Carbon Sequestration (The)," Staff General Research Papers Archive 5068, Iowa State University, Department of Economics.
    7. G. Cornelis van Kooten & Clark S. Binkley & Gregg Delcourt, 1995. "Effect of Carbon Taxes and Subsidies on Optimal Forest Rotation Age and Supply of Carbon Services," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(2), pages 365-374.
    8. Alejandro Caparrós & Emilio Cerdá & Paola Ovando & Pablo Campos, 2010. "Carbon Sequestration with Reforestations and Biodiversity-scenic Values," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(1), pages 49-72, January.
    9. Brent Sohngen & Robert Mendelsohn, 2003. "An Optimal Control Model of Forest Carbon Sequestration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 448-457.
    10. Alejandro Caparrós & José L. Oviedo & Pablo Campos, 2008. "Would You Choose Your Preferred Option? Comparing Choice and Recoded Ranking Experiments," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 843-855.
    11. Matthews, Stephen & O'Connor, Raymond & Plantinga, Andrew J., 2002. "Quantifying the impacts on biodiversity of policies for carbon sequestration in forests," Ecological Economics, Elsevier, vol. 40(1), pages 71-87, January.
    12. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
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    Cited by:

    1. Chisholm, Ryan A., 2010. "Trade-offs between ecosystem services: Water and carbon in a biodiversity hotspot," Ecological Economics, Elsevier, vol. 69(10), pages 1973-1987, August.
    2. Oviedo, José L. & Caparrós, Alejandro & Ruiz-Gauna, Itziar & Campos, Pablo, 2016. "Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests," Journal of Forest Economics, Elsevier, vol. 25(C), pages 130-148.
    3. Oviedo, José L. & Caparrós, Alejandro, 2015. "Information and visual attention in contingent valuation and choice modeling: field and eye-tracking experiments applied to reforestations in Spain," Journal of Forest Economics, Elsevier, vol. 21(4), pages 185-204.
    4. Alejandro Caparrós & Emilio Cerdá & Paola Ovando & Pablo Campos, 2010. "Carbon Sequestration with Reforestations and Biodiversity-scenic Values," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 45(1), pages 49-72, January.
    5. Cerdá, Emilio & Martín-Barroso, David, 2013. "Optimal control for forest management and conservation analysis in dehesa ecosystems," European Journal of Operational Research, Elsevier, vol. 227(3), pages 515-526.
    6. Osgathorpe, Lynne M. & Park, Kirsty & Goulson, Dave & Acs, Szvetlana & Hanley, Nick, 2011. "The trade-off between agriculture and biodiversity in marginal areas: Can crofting and bumblebee conservation be reconciled?," Ecological Economics, Elsevier, vol. 70(6), pages 1162-1169, April.
    7. Vidal, Fernando, 2012. "La valoración de arbolado en España. Una revisión," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 12(01), June.
    8. Paola Ovando & Alejandro Caparros & Luis Díaz-Balteiro & María Pasalodos & Santiago Beguería & José L. Oviedo & Gregorio Montero & Pablo Campos, 2015. "Spatial Valuation of forests’ environmental assets: an application to andalusian silvopastoral farms," Working Papers 1505, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    9. Ovando, Paola & Campos, Pablo & Calama, Rafael & Montero, Gregorio, 2010. "Landowner net benefit from Stone pine (Pinus pinea L.) afforestation of dry-land cereal fields in Valladolid, Spain," Journal of Forest Economics, Elsevier, vol. 16(2), pages 83-100, April.
    10. Pam Berry & Sally Brown & Minpeng Chen & Areti Kontogianni & Olwen Rowlands & Gillian Simpson & Michalis Skourtos, 2015. "Cross-sectoral interactions of adaptation and mitigation measures," Climatic Change, Springer, vol. 128(3), pages 381-393, February.
    11. Alix-Garcia, Jennifer & Wolff, Hendrik, 2014. "Payment for Ecosystem Services from Forests," IZA Discussion Papers 8179, Institute of Labor Economics (IZA).
    12. Nguyen, Trung Thanh & Nghiem, Nhung, 2016. "Optimal forest rotation for carbon sequestration and biodiversity conservation by farm income levels," Forest Policy and Economics, Elsevier, vol. 73(C), pages 185-194.
    13. Alejandro Caparrós & Pablo Campos & José L. Oviedo & Paola Ovando & Begoña Álvarez-Farizo & Luis Díaz-Balteiro & Gregorio Montero & Juan Carranza & Santiago Beguería & Mario Díaz & Casimiro Herruzo & , 2015. "Renta total social y capital georreferenciados de los ecosistemas forestales de Andalucía," Working Papers 1508, Instituto de Políticas y Bienes Públicos (IPP), CSIC.

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    More about this item

    Keywords

    Optimal Control; Forests; Carbon; Sequestration; Biodiversity; Scenic; Stated Preferences; Carbon Accounting;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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