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Valuing the Non-Timber Benefits of Forests in a Changing Climate

Valuing the Non-Timber Benefits of Forests in a Changing Climate. PRESENTATION TO THE INFF CONFERENCE NOVEMBER 5 TH , 2007 CORK, IRELAND Dr Douglas C MacMillan. Valuing Non-Timber Benefits of forests in a Changing Climate. OUTLINE OF TALK VALUING NON-TIMBER BENEFITS

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Valuing the Non-Timber Benefits of Forests in a Changing Climate

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  1. Valuing the Non-Timber Benefits of Forests in a Changing Climate PRESENTATION TO THE INFF CONFERENCE NOVEMBER 5TH, 2007 CORK, IRELAND Dr Douglas C MacMillan

  2. Valuing Non-Timber Benefits of forests in a Changing Climate • OUTLINE OF TALK • VALUING NON-TIMBER BENEFITS • WILLIS REPORT TO THE UK FORESTRY COMMISSION • FORESTRY IN A CHANGING CLIMATE • CAPTURING VALUES • FINAL THOUGHTS

  3. Valuing Non-Timber Benefits

  4. Valuing Non-Timber Benefits Economic value are anthropocentric - based on the values of humans for resources. Economic values reflect people’s preferences. Economic values are normally measured in monetary units

  5. Valuing Non-Timber Benefits Total Economic Value Use Values Non-Use Values Direct Use • Indirect Use Existence Bequest timber recreation carbon

  6. Valuation Methods

  7. Value of Carbon • Rapid climate change will lead to higher costs (flooding, gale damage, farm & forestry crops) • Value of Carbon sequestered: • avoided costs due to reduced environmental change • costs include avoided expenditures and avoided losses (ranging from profits to habitats) • Difficult to predict and value as climate changes are uncertain/complex and response to change more so

  8. Willis study 2003

  9. Willis study 2003 SOCIAL & ENVIRONMENTAL BENEFITS: £1023 MILLION PER ANNUM NET TIMBER REVENUES: £50-100 MILLION PER ANNUM Study based on current forest type and age distribution

  10. Forestry in a Changing Climate • Climate for growing trees is changing in ‘3d’: environmental, economic and governance • Environmental • Economic • Governance

  11. Forestry in a Changing Climate • Environmental Change: • We have ‘over-specialised’ and ‘over-optimised’ often on shaky forecasts of what our future needs will be • Need to create diversity in terms of species, age class and sites for woodlands

  12. Forestry in a Changing Climate • Economic Change: • New markets: Carbon trading and biodiversity trading • High Quality markets: • fuel costs & overseas competition will undermine economics of low quality timber • Indirect benefits: Forests can contribute to tourism & local economic development

  13. Forestry in a Changing Climate • Governance: • Shift from direct ‘cost subsidies’ (planting grants) to direct payment for services (carbon, biodiversity) • New or modified ownership structures for post–industrial forests • More flexible and locally responsive management to maximise benefits • Organisational economies of scale required

  14. Future forest practice and management • Timber only one income stream • Shift from short rotation, low management cycles to longer rotations, more interventions (e.g. thinnings) • Create a more diversified forests in terms of age class and species • Strong economic case based on carbon retention, high quality timber and environmental services

  15. Climate Change is an Opportunity for Change – seize it!

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