We analyze economic perspectives of forest adaptation to risk attributes, caused mostly by climate change. We construct a database with 89 systematically chosen articles, dealing simultaneously with climate, adaptation, risk and economy. We classify the database with regard to 18 variables bearing on the characteristics of the paper, the description of the risk and the adaptation strategy, the topic and the corresponding results. To achieve a high level-of-evidence, we realize a multiple correspondence analysis (MCA) to identify which variables were found in combination with one other in the literature and make distinct groupings affecting adaptive decisions. We identify three groups: (i) profit and production; (ii) microeconomic risk-handling; and (iii) decision and behavior. The first group includes economic costs and benefits as the driver of adaptation and prioritizes simulation, and a mix of theoretical and empirical economic approach. The second group distinctly involves risk-related issues, in particular its management by adaptation. The third group gathers a large set of social and behavioral variables affecting management decisions collected through questionnaires. Such an approach allows the identification of gaps in the literature, concerning the impact of owners' preferences towards risk and uncertainty regarding adaptation decisions, the fact that adaptation was often reduced in an attempt to adapt to the increasing risk of wildfire, or the existence of a regional bias.
Brunette, M; Bourke, R; Hanewinkel, M; Yousefpour, R
Adaptation to Climate Change in Forestry: A Multiple Correspondence Analysis (MCA)
Forests