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  Socially optimal forest management and biodiversity conservation in temperate forests under climate change

Augustynczik, A. L. D., Gutsch, M., Basile, M., Suckow, F., Lasch-Born, P., Yousefpour, R., Hanewinkel, M. (2020): Socially optimal forest management and biodiversity conservation in temperate forests under climate change. - Ecological Economics, 169, 106504.
https://doi.org/10.1016/j.ecolecon.2019.106504

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 Creators:
Augustynczik, A. L. D.1, Author
Gutsch, Martin2, Author              
Basile, M.1, Author
Suckow, Felicitas2, Author              
Lasch-Born, Petra2, Author              
Yousefpour, R.1, Author
Hanewinkel, M.1, Author
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1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: Forest biodiversity underpins social welfare by preserving ecosystem multifunctionality and the provision of ecosystem goods and services. Still, the social value of biodiversity is not adequately incorporated into forest management and decision support models. This study proposes a novel approach for defining socially optimal biodiversity levels, wood supply and taxation schemes under climate change. We developed a partial equilibrium model to maximize consumers’ and producers’ surplus until the end of the century, including climate change impacts as productivity shocks in a coupled ecological-economic framework. In our model, we consider a first-best and a second-best taxation scheme to internalize the value of forest biodiversity into forest planning. The framework developed here was applied to a temperate forest landscape in southwestern Germany, where biodiversity has a high social value. Our results indicate an increasing consumption of wood and supply of biodiversity (up to 38.4 %) until the end of the century. Moreover, climate change may affect forest productivity, optimal harvesting rates and taxation schemes. Crucially, current management is unable to capture the adequate social value of biodiversity and is inefficient under climate change. Policy mechanisms are therefore required to correct biodiversity provision in temperate forest landscapes.

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 Dates: 2020
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1016/j.ecolecon.2019.106504
PIKDOMAIN: RD2 - Climate Resilience
Organisational keyword: RD2 - Climate Resilience
eDoc: 8743
Research topic keyword: Ecosystems
Research topic keyword: Economics
Research topic keyword: Biodiversity
Research topic keyword: Climate impacts
Research topic keyword: Policy Advice
Regional keyword: Germany
Organisational keyword: RD2 - Climate Resilience
Working Group: Forest and Ecosystem Resilience
 Degree: -

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Title: Ecological Economics
Source Genre: Journal, SCI, Scopus, p3
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Pages: - Volume / Issue: 169 Sequence Number: 106504 Start / End Page: - Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/journals107
Publisher: Springer