MANAGING FORESTS FOR CARBON AND BIODIVERSITY UNDER CLIMATE CHANGE

Over recent decades forest management has recognized the fact that forests provide a wide variety of services besides timber, such as carbon sequestration and the preservation of biodiversity. During this time, science has found significant evidence that climate change is actually taking place. Since the change in climatic conditions will affect the vital cycle of trees, the optimal management of forests needs to be adapted to these new conditions to make the best use of forests from the social point of view. From the policy side, forest management is confronted with the task of balancing the objectives of competitiveness, compliance with international agreements with respect to climate change mitigation and the preservation of biodiversity. This study aims to analyze the optimal management regime of forests under changing climatic conditions, taking timber, carbon and biodiversity into account. It finds that the objectives of carbon sequestration and biodiversity should target different stands. The cost of the latter can be reduced substantially if only mature stands are pursued and not young stands.