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Bjørnstad, Even; Skonhoft, Anders

doi:10.1023/a:1021379306349

Cited by 24 publications

(2 citation statements)

References 13 publications

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“…The former reduces fossil fuel consumption and indirectly reduces carbon emissions, whereas the latter directly absorbs CO 2 from the atmosphere and thereby reduces carbon emissions. In comparison, the emission reduction effect of forests as a carbon sequestration tool is superior [40]. This view is supported by Ma et al, who found that replacing fossil energy with forest bioenergy was effective in reducing emissions in mature commercial forests where it already existed [42].…”

Section: Discussion On the Argumentation Ideas For The Effectiveness ...mentioning

confidence: 94%

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Sustainable Management of Land Resources: The Case of China’s Forestry Carbon Sink Mechanism

Liu¹,

2023

Land

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Compared to more developed countries, the use of land resources is less efficient in China. China’s vast forest land area gives it a rich and underutilized carbon sink. This is an important way for China to achieve the goals of “carbon peaking” and “carbon neutrality”, which is of great significance to China’s sustainable development. In the past 20 years, China has designed a series of policies to serve the development of forestry carbon sinks, namely the forestry carbon sink mechanism (FCSM). However, the questions of which policy is the most important, and what is the socio-economic value it generates, have not been fully investigated. Accordingly, this paper studied 30 provincial-level regions in China from 2005 to 2020 using the difference-in-differences (DID) model. The conclusions show that: (1) the FCSM does increase the socio-economic value of land resources, thus improving the sustainability of land resources; (2) the FCSM helps to increase forest coverage, forest stock volume and the forest coverage rate, which increases the social value of land resources from the greening path; (3) the FCSM helps to increase the gross forestry product, which increases the economic value of land resources through the path of increasing production value.

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Section: Discussion On the Argumentation Ideas For The Effectiveness ...mentioning

confidence: 94%

“…The third category, which focuses on the role and drivers of forestry carbon sinks, is also a literature that is of interest in this study. As an investment project, forestry carbon sinks are not a sure thing [39,40]. In the field of economics, researchers typically use econometric models to examine the role and drivers of the FCSM.…”

Section: Introductionmentioning

confidence: 99%

Sustainable Management of Land Resources: The Case of China’s Forestry Carbon Sink Mechanism

Liu¹,

2023

Land

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Insurance and Forest Rotation Decisions Under Storm Risk

Loisel

Brunette

Couture

2020

Environ Resource Econ

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Forests are often threatened by storms; and such a threat is likely to increase due to climate change. Indeed, climate change is expected to increase the frequency and intensity of extreme events such as intensive storms. For forest owners, adaptation to climate change will require major adjustments in forest management practices. Then, forest owners will have to take these increasing risks into account through risk-sharing (insurance) and risk-reducing strategies (reduction of rotation length). In this paper, we propose to jointly analyze the forest owner's insurance decision and the rotation age under storm risk. We extend the Faustmann optimal rotation model under risk, first, considering the forest owner's preferences towards risk, and second, integrating the decision of insurance. With this analytical model, we show that unless the forest owner's discount rate and the insurer's discount rate are sufficiently unequal, it is not optimal for the forest owner to adopt insurance. We prove that the rotation length increases as the insurance premium increases, i.e. substitution between the two coverage mechanisms. Finally, we discuss the potential implications of government policy on the insurance scheme.

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