Scarcity and Safe Operating Spaces: The Example of Natural Forests

Scientists suggest placing planetary boundaries on human-induced threats to key Earth system sinks and resources. Such boundaries define a “safe operating space” on depletion and pollution. Treating any remaining “space” as a depletable economic asset allows derivation of optimal and actual rules for depletion. We apply this analysis to natural forests, and find that the critical asset is tropical forests. The size of the safe operating space...