Management strategy of carbon sequestration forest under carbon sequestration price insurance

GUI Zhi, PENG Hongjun, SHI Ligang

JOURNAL OF NANJING FORESTRY UNIVERSITY ›› 2024, Vol. 48 ›› Issue (5) : 267-274.

PDF(1728 KB)
南京林业大学学报（自然科学版）
PDF(1728 KB)
JOURNAL OF NANJING FORESTRY UNIVERSITY ›› 2024, Vol. 48 ›› Issue (5) : 267-274. DOI: 10.12302/j.issn.1000-2006.202303026

Management strategy of carbon sequestration forest under carbon sequestration price insurance

Author information +
History +

Abstract

【Objective】 Under the background of a “dual carbon” objective, the optimal management strategy of carbon sink forest under carbon sink price insurance was studied with the aim of providing a reference for decision-making of carbon sink forest management.【Method】 Taking the carbon sink price insurance contract composed of forest operators and insurance companies as the research object, the conditional value at risk (CVaR) measurement criterion and Stackelberg game model were used to study the management strategy of carbon sink under carbon sink price insurance.【Result】When the target price of carbon sink in carbon sink price insurance was low, the increase of risk avoidance degree of forest operators would reduce the planting scale of carbon sink forests, the total carbon sink, and insurance cost, but would increase the carbon sink per unit area. In contrast, when the target price of carbon sink in carbon sink price insurance was high, the planting scale of carbon sink forests, the total amount of carbon sink, and the insurance cost were not affected by the risk avoidance degree of forest enterprises. The results also showed that increases in the target price of carbon sink and the subsidy rate of carbon sink price insurance could increase the planting scale and the total carbon sink but reduced the carbon sink per unit area. In addition, if the government provided the same amount of premium subsidies to forest enterprises and insurance companies respectively, government subsidies for insurance companies could promote the growth of planting scale and total carbon sink more than subsidies for forest enterprises, but the marginal efficiency of both subsidy methods was decreasing. 【Conclusion】Forest enterprises can reduce the impact of their risk avoidance behavior on carbon sequestration forest management by purchasing carbon sequestration price insurance. When forest enterprises and insurance companies agree on the target price of carbon sink in carbon sink price insurance, they should set the target price of carbon sink within a reasonable range. The government can combine subsidies to forest enterprises and insurance companies to improve the quality and supply of carbon sinks.

Key words

carbon sink price insurance / planting scale / carbon sink / government subsidy

Cite this article

EndNote

Ris (Procite)

Bibtex

Download Citations
GUI Zhi , PENG Hongjun , SHI Ligang. Management strategy of carbon sequestration forest under carbon sequestration price insurance[J]. JOURNAL OF NANJING FORESTRY UNIVERSITY. 2024, 48(5): 267-274 https://doi.org/10.12302/j.issn.1000-2006.202303026

References

List( Publishing order | Descend order by publishing year | Descend order by cited within ) Chart analysis
[1]
侯旭华, 汤宇卉. 森林保险助推“双碳”目标实现路径研究:以湖南省为例[J]. 湖南社会科学, 2022(6):64-74.
HOU X H, TANG Y H. Research on the path to achieve the goal of “dual carbon” promoted by forest insurance in Hunan Province[J]. Soc Sci Hunan, 2022(6):64-74.
Cited in this article [1]
[2]
王火根, 李晴枫, 饶涵. 碳中和背景下林业生态产品全生命周期价值核算:以湿地松为例[J]. 林业经济, 2022, 44(7):79-96.
WANG H G, LI Q F, RAO H. Accounting for the whole life-cycle value of forestry ecological products under the background of carbon neutralization: a case of Pinus elliottii[J]. For Econ, 2022, 44(7):79-96.DOI:10.13843/j.cnki.lyjj.20220831.001.
Cited in this article [1]
[3]
马雯雯, 赵晟骜. 金融服务林业碳汇发展及问题研究[J]. 西南金融, 2020(6):46-55.
MA W W, ZHAO S A. Research on the development and problems of using finance to support forestry carbon sequestration[J]. Southwest Finance, 2020(6):46-55.
Cited in this article [2]
[4]
甘庭宇. 碳汇林业发展中的农户参与[J]. 农村经济, 2020(9):117-122.
GAN T Y. Farmers’ participation in carbon sequestration forestry development[J]. Rural Econ, 2020(9):117-122.
Cited in this article [1]
[5]
李昌沐, 秦涛, 王姗. 森林保险保费补贴规模的影响因素分析[J]. 林产工业, 2021, 58(7):88-91.
LI C M, QIN T, WANG S. Analysis on the influencing factors of forest insurance premium subsidy scale[J]. China For Prod Ind, 2021, 58(7):88-91.DOI: 10.19531/j.issn1001-5299.202107018.
Cited in this article [2]
[6]
富丽莎, 秦涛, 潘焕学, 等. 森林保险保费补贴政策林业产出激励效应评估[J]. 林业经济问题, 2021, 41(2):154-163.
FU L S, QIN T, PAN H X, et al. Evaluation of the incentive effect of forest insurance premium subsidy policy on forestry output[J]. Issues For Econ, 2021, 41(2):154-163.DOI: 10.16832/j.cnki.1005-9709.20200081.
Cited in this article [2]
[7]
徐晋涛, 易媛媛. “双碳”目标与基于自然的解决方案:森林碳汇的潜力和政策需求[J]. 农业经济问题, 2022(9):11-23.
XU J T, YI Y Y. Nature-based solutions in meeting China’s dual-carbon goal:the potential of forest and policy needs[J]. Issues Agric Econ, 2022(9):11-23.DOI: 10.13246/j.cnki.iae.20220913.001.
Cited in this article [1]
[8]
彭红军, 徐笑, 俞小平. 林业碳汇产品价值实现路径综述[J]. 南京林业大学学报(自然科学版), 2022, 46(6):177-186.
PENG H J, XU X, YU X P. A review of the value realization path of forestry carbon sink products[J]. J Nanjing For Univ (Nat Sci Ed), 2022, 46(6):177-186. DOI:10.12302/j.issn.1000-2006.202207023.
Cited in this article [1]
[9]
BRUNETTE M, COUTURE S, PANNEQUIN F. Is forest insurance a relevant vector to induce adaptation efforts to climate change?[J]. Ann For Sci, 2017, 74(2):41. DOI: 10.1007/s13595-017-0639-9.
Cited in this article [1]
[10]
HARTEBRODT C, HOLTHAUSEN N, BITZ S. Insurance solutions as a part of risk management in forest enterprises[J]. Allgemeine Forst-Und Jagdzeitung, 2007, 178(5-6): 98-108.
Cited in this article [1]
[11]
PHELAN L, HENDERSON-SELLERS A, TAPLIN R. Climate change,carbon prices and insurance systems[J]. Int J Sustain Dev World Ecol, 2010, 17(2):95-108.DOI: 10.1080/13504500903541806.
Cited in this article [1]
[12]
COUTURE S, REYNAUD A. Forest management under fire risk when forest carbon sequestration has value[J]. Ecol Econ, 2011, 70(11):2002-2011.DOI: 10.1016/j.ecolecon.2011.05.016.
Cited in this article [1]
[13]
BRUNETTE M, HOLECY J, SEDLIAK M, et al. An actuarial model of forest insurance against multiple natural hazards in fir (Abies alba Mill.) stands in Slovakia[J]. For Policy Econ, 2015, 55:46-57.DOI: 10.1016/j.forpol.2015.03.001.
Cited in this article [1]
[14]
秦涛, 李昊, 宋蕊. 林业碳汇保险模式比较、制约因素和优化策略[J]. 农村经济, 2022(3):60-66.
QIN T, LI H, SONG R. Comparison,constraints and optimization strategies of forestry carbon sequestration insurance models[J]. Rural Econ, 2022(3):60-66.
Cited in this article [2]
[15]
HE Y P, REN Y Y. Can carbon sink insurance and financial subsidies improve the carbon sequestration capacity of forestry?[J]. J Clean Prod, 2023, 397:136618.DOI: 10.1016/j.jclepro.2023.136618.
Cited in this article [2]
[16]
MA N, ZUO Y, LIU K L, et al. Forest insurance market participants’game behavior in China:an analysis based on tripartite dynamic game model[J]. J Ind Eng Manag, 2015, 8(5):1533-1546.DOI: 10.3926/jiem.1550.
Cited in this article [1]
[17]
薛蓓蓓, 田国双. 不同碳补贴机制下杉木人工林最优轮伐期和碳汇成本分析[J]. 南京林业大学学报(自然科学版), 2022, 46(2):27-34.
XUE B B, TIAN G S. An analysis of optimal rotation periods and carbon sequestration cost of Chinese fir plantations under different carbon payment mechanisms[J]. J Nanjing For Univ (Nat Sci Ed), 2022, 46(2):27-34.DOI: 10.12302/j.issn.1000-2006.202103032.
Cited in this article [1]
[18]
PUKKALA T. At what carbon price forest cutting should stop[J]. J For Res, 2020, 31(3):713-727.DOI: 10.1007/s11676-020-01101-1.
Cited in this article [1]
[19]
GOODWIN B K, SMITH V H. What harm is done by subsidizing crop insurance?[J]. American J Agri Economics, 2013, 95(2):489-497.DOI: 10.1093/ajae/aas092.
Cited in this article [1]
[20]
夏玲, 秦涛. 我国公益林保险发展困境与运行机制优化[J]. 金融理论与实践, 2022(4):109-118.
XIA L, QIN T. Development dilemma and operation mechanism optimization of public welfare forest insurance in China[J]. Financ Theory Pract, 2022(4):109-118.DOI: 10.3969/j.issn.1003-4625.2022.04.012.
Cited in this article [1]
[21]
黄宰胜, 陈治淇, 陈钦, 等. 林农碳汇林经营意愿影响因素分析:基于碳汇造林试点地区的实证检验[J]. 生态经济, 2017, 33(4):34-37,42.
HUANG Z S, CHEN Z Q, CHEN Q, et al. Analysis of influencing factors of forestry households’ carbon sequestration forest management intention:an empirical test of the pilot areas of carbon sequestration afforestation[J]. Ecol Econ, 2017, 33(4):34-37,42.
Cited in this article [1]
[22]
罗顺兰, 胡原, 曾维忠, 等. 相对视角下森林碳汇项目农村经济福利效应[J]. 南京林业大学学报(自然科学版), 2023, 47(4):253-261.
LUO S L, HU Y, ZENG W Z, et al. Rural economic welfare effects of forest carbon sink projects from a relative perspecitivep[J]. J Nanjing For Univ (Nat Sci Ed), 2023, 47(4):253-261.DOI:10.12302/j.issn.1000-2006.202111036.
Cited in this article [1]
[23]
DU Y M, TAKEUCHI K. Can climate mitigation help the poor?Measuring impacts of the CDM in rural China[J]. J Environ Econ Manag, 2019, 95:178-197.DOI: 10.1016/j.jeem.2019.03.007.
Cited in this article [1]
[24]
陈伟, 顾蕾, 冯贻勇, 等. 风险态度、风险感知对农户碳汇林流转意愿的影响[J]. 浙江农林大学学报, 2021, 38(6):1270-1278.
CHEN W, GU L, FENG Y Y, et al. Impact of risk attitude and risk perception on farmers’ willingness to transfer carbon sequestration forests[J]. J Zhejiang A F Univ, 2021, 38(6):1270-1278.DOI: 10.11833/j.issn.2095-0756.20210216.
Cited in this article [1]
[25]
薛蓓蓓, 田国双. 基于碳汇木材复合经营目标的综合效益及影响因素分析[J]. 南京林业大学学报(自然科学版), 2021, 45(2):205-212.
XUE B B, TIAN G S. Analysis of comprehensive benefits and influencing factors based on the combined economic value of carbon sequestration and timer benefits[J]. J Nanjing For Univ (Nat Sci Ed), 2021, 45(2):205-212.DOI:10.12302/j.issn.1000-2006.202009015.
Cited in this article [1]
[26]
储安婷, 宁卓, 杨红强. 林业碳汇对人工林最优轮伐期的影响:以杉木和落叶松为例[J]. 南京林业大学学报(自然科学版), 2023, 47(3):225-233.
CHU A T, NING Z, YANG H Q. Effects of forest carbon sequestration on optimal rotation of plantations:a case study of Chinese fir and larch[J]. J Nanjing For Univ (Nat Sci Ed), 2023, 47(3):225-233.DOI:10.12302/j.issn.1000-2006.202107035.
Cited in this article [1]
[27]
PENG H J, PANG T. Optimal strategies for a three-level contract-farming supply chain with subsidy[J]. Int J Prod Econ, 2019, 216:274-286.DOI: 10.1016/j.ijpe.2019.06.011.
Cited in this article [1]
[28]
彭红军, 杨梦. 期权合约下基于CVaR的订单农业供应链协调研究[J]. 运筹与管理, 2023, 32(3):131-136.
PENG H J, YANG M. Coordination of order-agriculture supply chain based on CVaR under option contract[J]. Oper Res Manag Sci, 2023, 32(3):131-136.DOI: 10.12005/orms.2023.0091.
Cited in this article [1]
PDF(1728 KB)

Accesses

Citation

Detail
Sections
Recommended
The full text is translated into English by AI, aiming to facilitate reading and comprehension. The core content is subject to the explanation in Chinese.

Author

Reader

Reviewer

www.nldxb.njfu.edu.cn

Edited ＆ Published by Editorial Department of Nanjing Forestry University(Natural Sciences Edition)
Address： No.159 Longpan Road,Nanjing 210037 Jiangsu,P.R.China
E-mail ：xuebao@njfu.edu.cn , xuebao@njfu.com.cn
Telephone +86-25-85428247,85427076
Distributed by China International Book Trading Corporation P.O. Box 399, Beijing ,P.R. China

/

〈 〉