The economic valuation of natural hazards in mountain forests: An approach based on the replacement cost method

Notaro, Sandra; Paletto, Alessandro

doi:10.1016/j.jfe.2012.06.002

Cited by 39 publications

(35 citation statements)

References 26 publications

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“…This approach assesses the cost incurred by replacing forests and grasslands with artifi cial substitutes (Dixon et al 1997). The artifi cial substitutes are chosen distinguishing between direct and indirect protection (Notaro & Paletto 2012). According to the third Ministerial Conference for the Protection of Forests in Europe (Lisbon 1998), indirect protection can be defi ned as the prevention of soil erosion and regulation of water fl ow, while direct protection involves safeguarding human life and activities from natural risks (Motta & Haudemand 2000, Notaro & Paletto 2012.…”

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

“…The artifi cial substitutes are chosen distinguishing between direct and indirect protection (Notaro & Paletto 2012). According to the third Ministerial Conference for the Protection of Forests in Europe (Lisbon 1998), indirect protection can be defi ned as the prevention of soil erosion and regulation of water fl ow, while direct protection involves safeguarding human life and activities from natural risks (Motta & Haudemand 2000, Notaro & Paletto 2012. The replacement cost method has been used to estimate the protective function of forests and grasslands, using the prices of artifi cial substitutes of public engineering works in South Tyrol (year 2012), being a good proxy for the Vorarlberg area, where such a price list is not available.…”

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

“…For the annual cost calculation, a conservative interest rate was chosen and fi xed at 2%, according to Freeman III´s (2003) ranges. According to Notaro & Paletto (2012) the annuity for each bio-engineering work was calculated using this formula:…”

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

“…1) Hydro-seeding is a planting process that uses a slurry of seed and mulch and which is applied in the slopes subject to soil erosion, while the simple palisade is a work of bioengineering in local larch wood (diameter 12-20 cm) and mixed grass used to cover the soil (Notaro & Paletto 2012). …”

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

“…In fact, Goio et al (2008) showed an average value of 212.2 €/ha year for the entire Province of Trento, while Notaro and Paletto (2012) in a small scale forest (Valdastico forest) evidenced a value of 284.2 €/ha year for the hydrogeological protection function. Finally, we point out that the evaluation of this ES is deeply infl uenced by the economic valuation method used.…”

Section: Economic Values Of Esmentioning

confidence: 98%

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Mapping the value of ecosystem services: A case study from the Austrian Alps

et al. 2015

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. Ma-pping the value of ecosystem services: a case study from the Austrian Alps. Ann. For. Res. 58(1): 157-175.Abstract. Ecosystem services (ES) are considered the conditions and processes through which natural ecosystems sustain and fulfil human life. In the decision making process related to the natural resources management, two key-aspects must be taken into account: the economic value of the benefits provided by ES (provisioning, regulating and cultural services) and the spatial distribution of these benefits. The purpose of the paper is to develop a method aimed to capture the economic value of the benefits provided by ES, in order to support the decision makers in the natural resources management. ES are not homogeneous across landscapes nor in space. Consequently, gaining knowledge on the spatial distribution of the economic relevance of ES is a fundamental information to target management actions. This method was tested in a case study in the Austrian Alps (Leiblachtal area in Vorarlberg region), characterized by a high importance of forests and grasslands. The results show that the highest economic values could be achieved for the provisioning services with a range between 200 €/ha year and 1,400 €/ha year. The regulating services have also important economic values, but strongly localized in specific areas (i.e. protective forests against natural hazards). The economic values of the cultural services are influenced by the preferences of tourists and varies between 5 €/ha year to 60 €/ha year. The method allowed us to reveal the spatial heterogeneity of provisioning, regulating and cultural ES, depending on the ecological characteristics of the site.

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Section: Benefi T Transfer Methodsmentioning

confidence: 99%

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

Section: Benefi T Transfer Methodsmentioning

confidence: 99%

Section: Economic Values Of Esmentioning

confidence: 98%

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Mapping the value of ecosystem services: A case study from the Austrian Alps

et al. 2015

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Assessing the Economic Impacts of Climate Change on Mountain Forests: A Literature Review

Bottaro

Gatto

Pettenella

2021

Managing Forest Ecosystems

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The effects of climate change are increasingly more visible on natural ecosystems. Being mountain forest ecosystems among the most vulnerable and the most affected, they appear to be, at the same time, the most suitable for the assessment of climate change effects on ecosystem services. Assuming this, we review the literature on the economic assessment of climate change impacts on European mountain forests. Initially, the trends in the provision of mountain forest ecosystem services are discussed. We, then, considered the effects on forest structure and tree physiology, these two being strictly associated with the capability of the ecosystem to provide ecosystem services. The results have been grouped into a table that displays the trend, the quality and the quantity of the information found. Subsequently, the main methods that can be employed to assess the economic value of the different ecosystem services have been described. For each method, some implementation examples have been introduced to better understand its functioning. Concluding, the main gaps still existing in literature concerning the effects of climate change on ecosystem services provided by mountain forests have been highlighted. Finally, some more considerations about the existing methods for the economic valuation of ecosystem services have been done.

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