Sustainable Management of Carbon Sequestration Service in Areas with High Development Pressure: Considering Land Use Changes and Carbon Costs

Joungyoon Chun, Choong-Ki Kim, Wanmo Kang, Hyemin Park, Gieun Kim and Woo-Kyun Lee
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Joungyoon Chun: Division for Natural Environment, Water and Land Research Group, Korea Environment Institute (KEI), 370 Sicheong-daero, Sejong-si 30147, Korea
Choong-Ki Kim: Division for Natural Environment, Water and Land Research Group, Korea Environment Institute (KEI), 370 Sicheong-daero, Sejong-si 30147, Korea
Wanmo Kang: Department of Human Environment Design, Cheongju University, 298 Daeseong-ro, Cheongwon-gu, Cheongju-si, Chungcheongbuk-do 28503, Korea
Hyemin Park: Ministry of Environment, Sejong-si 30103, Korea
Gieun Kim: Future Strategy Team, Department of Planning and Strategy, Korea Environment Institute (KEI), 370 Sicheong-daero, Sejong-si 30147, Korea
Woo-Kyun Lee: Department of Environmental Science and Ecological Engineering, Korea University, 145 Anam-ro, Seongbuk-gu, Seoul 02841, Korea

Sustainability, 2019, vol. 11, issue 18, 1-20

Abstract: In countries and regions where development projects are frequently implemented, there is a significant change in the value of carbon sequestration services according to land use and land cover (LULC) changes. In this study, we analyzed the changes in the carbon sequestration services which occurred due to the LULC changes over a 20 years period (1989–2009) in Korea where local development projects have been active, since 1990s. As a result, the total carbon stocks decreased by about 0.07 billion t C. Significant changes in the carbon stocks mostly occurred in areas where development projects were frequently implemented. The loss of economic value due to the changes in carbon stocks over 20 years was 4.7 trillion won (4159 million USD) when market price of carbon is applied. Therefore, in countries and regions where there is an active development, it is necessary to monitor the land-use changes with high carbon stocks, to reconsider the value of the carbon when making policy decisions which cause LULC changes, and to internalize social costs into the market prices. Especially at a local level, it is necessary to promote management policy based on carbon sequestration services in accordance with local conditions such as size and types of the changes in carbon stocks.

Keywords: carbon storage capacity; carbon sequestration service; development pressure; LULC change; carbon cost (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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