Carbon Sequestration With Reforestations and Biodiversity - Scenic Values

43 Pages Posted: 28 Mar 2007

See all articles by Alejandro Caparros

Alejandro Caparros

Spanish Council for Scientific Research (CSIC) - Department of Economics

E. Cerdá

Universidad Complutense de Madrid (UCM)

Paola Ovando

Spanish Council for Scientific Research (CSIC)

Pablo Campos

Spanish Council for Scientific Research (CSIC)

Date Written: March 2007

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.

Keywords: Optimal Control, Forests, Carbon, Sequestration, Biodiversity, Scenic, Stated Preferences, Carbon Accounting

JEL Classification: Q23, Q26, Q51, Q57

Suggested Citation

Caparros, Alejandro and Cerdá, E. and Ovando, Paola and Campos, Pablo, Carbon Sequestration With Reforestations and Biodiversity - Scenic Values (March 2007). FEEM Working Paper No. 28.2007. Available at SSRN: https://ssrn.com/abstract=976402 or http://dx.doi.org/10.2139/ssrn.976402

Alejandro Caparros (Contact Author)

Spanish Council for Scientific Research (CSIC) - Department of Economics ( email )

Pinar 25
28006 Madrid
Spain
+34 91 411 1098 (Phone)
+34 91 562 5567 (Fax)

E. Cerdá

Universidad Complutense de Madrid (UCM) ( email )

Carretera de Humera s/n
Madrid, Madrid 28223
Spain

Paola Ovando

Spanish Council for Scientific Research (CSIC) ( email )

28006 Madrid
Spain

Pablo Campos

Spanish Council for Scientific Research (CSIC) ( email )

28006 Madrid
Spain

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