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, Woo Kyun Lee

Research output: Contribution to journalArticle

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.

Original languageEnglish
Article number5116
JournalSustainability (Switzerland)
Volume11
Issue number18
DOIs
Publication statusPublished - 2019 Sep 1

    Fingerprint

Keywords

  • Carbon cost
  • Carbon sequestration service
  • Carbon storage capacity
  • Development pressure
  • LULC change

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

Cite this