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Table 6 Analysis of benefits generated in 2030 and 2050 by scenario (in units of 100 million KRW, in units of million USD)

From: Application of integrated Korean forest growth dynamics model to meet NDC target by considering forest management scenarios and budget

Classification

Scenario 1

Scenario 2

Scenario 3

Scenario 4

2030

(15 years cumulative)

2050

(35 years cumulative)

2030

(15 years cumulative)

2050

(35 years cumulative)

2030

(15 years cumulative)

2050

(35 years cumulative)

2030

(15 years cumulative)

2050

(35 years cumulative)

Carbon trading revenue from forest CO2 sequestration

KRW/year

(USD/year)

[(Carbon credit price * CO2 sequestration in forest)/Accumulated year]

15,085

(1257)

15,085

(1257)

12,759

(1063)

10,577

(881)

12,288

(1024)

10,262

(855)

11,945

(995)

10,686

(890)

Log trading revenue from tree trimming

KRW/year

(USD/year)

[(Volume * Log trading price by tree species)/Accumulated year]

    

87

(7)

143

(11)

131

(10)

200

(16)

Total potential benefit

KRW/year

(USD/year)

15,085

(1257)

15,085

(1257)

12,759

(1063)

10,577

(881)

12,376

(1031)

10,406

(867)

12,077

(1006)

10,887

(907)