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Optimal forest management under climate change variability

dc.contributor.authorRosa, Renato
dc.contributor.authorSimas, Constança
dc.contributor.authorAtaíde, Rodrigo
dc.contributor.authorSoares, Paula
dc.contributor.authorTomé, Margarida
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.institutionFaculdade de Ciências e Tecnologia (FCT)
dc.contributor.pblElsevier
dc.date.accessioned2024-09-27T22:26:02Z
dc.date.available2024-09-27T22:26:02Z
dc.date.issued2024-11
dc.descriptionFunding Information: CeBER's research is funded by national funds through FCT \u2013 Funda\u00E7\u00E3o para a Ci\u00EAncia e a Tecnologia, I\u00B7P. Project UIDB/05037/2020 with DOI 10.54499/UIDB/05037/2020. This work was funded by Funda\u00E7\u00E3o para a Ci\u00EAncia e Tecnologia (UID/ECO/00124/2019, UIDB/00124/2020 and Social Sciences DataLab, PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). CENSE is financed by Funda\u00E7\u00E3o para a Ci\u00EAncia e Tecnologia, I.P. Portugal (UIDB/04085/2020). This work was supported by FCT \u2013 Funda\u00E7\u00E3o para a Ci\u00EAncia e Tecnologia, I.P. by project reference UIDB/00239/2020 of the Forest Research Centre and DOI identifier 10.54499/UIDB/00239/2020, Renato Rosa acknowledges funding from FCT under the Scientific Employment Stimulus (CEECIND/02230/2017) and the The FCT Investigator Programme (IF/01106/2012/CP0153/CT0003). Publisher Copyright: © 2024 The Authors
dc.description.abstractEcosystems are likely to be severely affected by climate change. While the literature on this subject focuses primarily on climate variable means, increasing evidence has been gathered on the importance of changes in climate variability in determining ecosystem impacts. In this context, forests play a significant role. While, on the one hand, forests have often been identified to be a key element in mitigating greenhouse gas emissions, on the other, forests are also affected by changes in climate. However, the number of studies on optimal forest management under climate change remains limited and has overlooked the role of climate variability. This paper adds to that literature by developing a coupled ecological-economic forest stand model in which forest dynamics are a function of monthly climate variables. We show that accounting for changes in climate variability substantially changes earlier findings. In particular, ignoring climate variability may fail to adequately account for changes in optimal harvest age and lead to erroneous conclusions regarding the effects of climate change on forested land value.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent941920
dc.identifier.doi10.1016/j.ecolecon.2024.108322
dc.identifier.issn0921-8009
dc.identifier.otherPURE: 100114587
dc.identifier.otherPURE UUID: e985eb15-635d-41bc-8df4-8b5a28985142
dc.identifier.otherScopus: 85201588358
dc.identifier.urihttp://hdl.handle.net/10362/172585
dc.identifier.urlhttps://www.scopus.com/pages/publications/85201588358
dc.language.isoeng
dc.peerreviewedyes
dc.subjectBioeconomic modeling
dc.subjectClimate change
dc.subjectClimate change adaptation
dc.subjectClimate variability
dc.subjectForest management
dc.subjectGeneral Environmental Science
dc.subjectEconomics and Econometrics
dc.subjectSDG 13 - Climate Action
dc.subjectSDG 15 - Life on Land
dc.titleOptimal forest management under climate change variabilityen
dc.typejournal article
degois.publication.titleEcological Economics
degois.publication.volume225
dspace.entity.typePublication
rcaap.rightsopenAccess

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