Two main theories
A leaf is the main photosynthetic organ of a tree. This is a process in which carbon dioxide from the air is combined with water in the presence of light to produce sugars and oxygen. The molecule that carries this out is called chlorophyll. It absorbs red and blue wavelengths of light and reflects green so that the leaf appears green to us. It is a complex molecule with a ring of nitrogen at its centre surrounding an atom of magnesium. Shorter days and lower temperatures trigger leaf fall but this is a multi-step controlled shutdown process. Some trees just discard green leaves but in other trees the chlorophyll and proteins in the leaf are broken down and essential nutrients, such as nitrogen, are re-adsorbed and stored in the shoots and roots until spring.
As the chlorophyll breaks down, the leaf loses its green colour and other pigments can be seen. Carotenoids are yellow and orange and are already present. Anthocyanins, which give the leaf a red colour, are newly made. Carotenoids are needed to keep the cells going during the re-absorption stage so most trees that change colour have yellow leaves in autumn but 14% have red leaves. Why, then do some trees go to the expense of making Anthocyanins before the leaves fall? There are two main theories.
Photoprotection hypothesis
Anthocyanins protect the leaf from light damage during the period of re-absorption. This is the basis for the photoprotection hypothesis – it extends the leaf life during shut-down and enables it to send more nutrients back to the tree before the leaf drops. If this is true, trees with yellow leaves should drop their leaves earlier.
Co-evolution hypothesis
Alternatively the red coloration may be a signal to parasites, such as aphids, that have a strong preference for green leaves, to not lay their eggs on red leaves in autumn. This avoids future damage and is the basis for the co-evolution hypothesis. Red colour may be correlated with the level of herbivore defence in the tree, and therefore plants investing more in defences show more autumn colours. If insects adapt to avoid red leaves in autumn, this will lead to a co-evolutionary process in which both preference for green in aphids and intensity (or duration) of red in trees increase.