Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/43574 
Year of Publication: 
2010
Series/Report no.: 
Nota di Lavoro No. 2010,10
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
This paper reports an original economic valuation of the impact of climate change on the provision of forest regulating services in Europe. To the authors' knowledge the current paper represents the first systematic attempt to estimate human well-being losses with respect to changes in biodiversity and forest regulating services that are directly driven by climate change. First, selected 34 European countries are grouped by their latitude intervals to capture the differentiated regional effects of forests in response to climate change. Moreover, the future trends of forest areas and stocked carbon in 2050 are projected through the construction and simulation of global circulation models such as HADMC3 following four different future developing paths described by the four IPCC scenarios. Finally, the valuation exercise is anchored in an ecosystem service based approach, involving the use of general circulation models and integrated assessment models. Our findings address two dimensions in the evaluation of climate impacts on European forests: Firstly, future projections yield different states of the world depending upon the IPCC scenario adopted. Secondly, spatial issues matter in an assessment of the distributional impacts of climate change, as these impacts are not distributed in a uniform way across the European countries under consideration.
Subjects: 
Economic Valuation
Forest Ecosystem
Carbon Sequestration
Climate Change Impacts
JEL: 
Q23
Q51
Q57
Document Type: 
Working Paper

Files in This Item:
File
Size
459.24 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.