Economics and Global Climate Change
Global climate change portends important changes in both the structure and the extent of forestlands in the U.S. South. Climate and biological response models suggest that even modest changes in temperature and precipitation could strongly alter net primary productivity, species ranges, and even the area over which trees can persist (VEMAP Members, 1995). Although the collection of these models produces a broad variety of—and in some cases countervailing—climate change forecasts, they clearly raise concern over the future structure and function of ecosystems and ultimately the welfare of people in the region. The objective of this chapter is to explore our present ability to estimate the potential economic effects of climate change and the effects of efforts to mitigate climate change.
KeywordsContingent Valuation Mitigate Climate Change Timber Production Timber Supply Southern Forest
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