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The feasibility of carbon incentives to private forest management in Korea

机译：碳激励措施对韩国私人森林经营的可行性

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Forest management is regarded as one possible approach to reducing greenhouse gases by absorbing carbon at a relatively low cost. In Korea, the forest comprises 64% of the total land area, so forests are expected to play a key role in mitigating climate change on the one hand. On the other hand, since 70% of the forest area is owned by the private sector, there is considerable uncertainty about managing forests for the national carbon sink strategy. The objective of this study is to examine the levels of carbon incentives to private forest management for the purpose of maximizing forests' carbon absorption. First, in the context of present forest management policies, this study discusses applicable measures for the promotion of carbon sequestration in private forests. Next, considering the implications of policies related to forestry, the study develops a hypothetical carbon incentive scheme to compensate for economic revenue loss derived from accepting a rotation period that maximizes carbon sequestration. Carbon incentive levels are estimated by assessing the difference of financial revenue between a financially optimal rotation plan and a carbon-sink maximizing rotation plan. This study found that for red pine forests, the levels of the carbon incentives vary US$2-6 at 5% discount rate and US$ 34-88 at 7% discount rate while the values for oak forests are differing US$2-22 at 5% discount rate and US$ 20-52 at 7% discount rate. The study concludes that the carbon incentive scheme could be effective for increasing the carbon sink. However, given related governmental policies, it may not be desirable to employ the scheme without considering changes in government policy toward land use and regional development.
机译：森林管理被认为是通过以相对较低的成本吸收碳来减少温室气体的一种可能方法。在韩国，森林占陆地总面积的64％，因此，一方面，森林有望在缓解气候变化中发挥关键作用。另一方面，由于70％的森林面积归私有部门所有，因此针对国家碳汇战略管理森林存在很大的不确定性。这项研究的目的是检查对私有森林经营的碳激励措施的水平，以最大程度地提高森林的碳吸收率。首先，在当前森林管理政策的背景下，本研究讨论了促进私有森林中碳固存的适用措施。接下来，考虑到与林业相关的政策的影响，该研究提出了一种假设的碳激励计划，以补偿因接受最大化碳固存的轮换期而产生的经济收入损失。碳激励水平是通过评估财务上最佳的轮换计划与碳汇最大化的轮换计划之间的财务收入差异来估算的。这项研究发现，对于红松林，碳激励的水平在5％贴现率下为2-6美元，在7％贴现率下为34-88美元，而橡树林的价格在5时为2-22美元。 ％折扣率和7％折扣率的20-52美元。研究得出的结论是，碳激励计划可以有效地增加碳汇。但是，考虑到相关的政府政策，在不考虑政府对土地使用和区域发展的政策变化的情况下采用该计划可能是不希望的。

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