온실가스 감축을 위한 국제사회의 탄소가격제 도입과 경제영향 분석 (Global Application and Economic Analysis of Carbon Pricing for Emissions Reduction)

Moon, Jin-Young; Han, Minsoo; Song, Jihei; Kim, Eun‐Mi

doi:10.2139/ssrn.3299911

Cited by 1 publication

(1 citation statement)

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“…The social cost of carbon is the discounted present value of future losses incurred by increasing one ton of CO 2 emissions into the atmosphere for a given year, or the benefits of CO 2 reduction [26]. The social cost of carbon reflects its environmental value and is used to measure the economic benefits of greenhouse gas reduction.…”

Section: Price Of Carbonmentioning

confidence: 99%

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

et al. 2019

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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.

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Section: Price Of Carbonmentioning

confidence: 99%