Wednesday, 23 November 2016

Valuation of forest carbon sinks in China within the framework of the system of national accounts

Published Date
Volume 27, Issue 6, pp 1321–1328

Original Paper
DOI: 10.1007/s11676-016-0253-y

Cite this article as: 
Zhang, Y., Chen, J., Hu, M. et al. J. For. Res. (2016) 27: 1321. doi:10.1007/s11676-016-0253-y

Author
  • Ying Zhang
  • Jiancheng Chen
  • Mingxing Hu
  • Armin Offer
Abstract

To better promote forest resource management and strengthen the development of forest carbon sink marketization, this paper studied the accounting of forest carbon sinks from 2003 to 2008 based on a system of national accounts (SNA) and data from the latest forest resources inventory in China. The study calculated the value of forest carbon stocks at a total of RMB 817.13 × 109 yuan in 2003 and RMB 839.93 × 109 yuan in 2008, with an average annual increase of 0.55 % from an increase in physical carbon sinks. The total value of forest carbon sinks in 2003 and 2008 was RMB 26.73 × 109 yuan and RMB 29.77 × 109 yuan, respectively, with an average annual growth of 2.18 %. From 2003 to 2008, both stock and flow value of forest carbon sinks increased, but the total net flow value of carbon sinks decreased. The growth rate for the environmentally adjusted Gross Domestic Product (eaGDP) for China’s forest carbon sinks was 17.23 %, outstripping the average growth rate of 9.5 % for the GDP during the same period. The study also indicates that China’s forest carbon sinks affects the GDP in the range of 0.25–0.26 %, and its economic potential is not relatively huge.

References 

  1. Cao MK, Tao B, Li KR, Ji JJ, Huang M, Zhang LM (2003) China’s annual variations of carbon flux in terrestrial ecosystem from 1998 to 2000. Sinica 45(5):552–560Google Scholar
  2. Chen GC (2005) Historical transition of forestry and the establishment of carbon exchange system. Probl For Econ 25(1):1–6Google Scholar
  3. China Foreign Exchange Trade System (2013) Historical inquiry of monthly average exchange rate of RMB. http://www.chinamoney.com.cn/fe/Channel/17383. Accessed 18 Jun 14
  4. Department of Forest Resources Management of State Forestry Administration (2000) Forest Recourses Statistics of China (1994–1998). State Forestry Administration, P. R. China, Beijing, pp 6–15Google Scholar
  5. Dixon RK, Brown S, Houghtom RA, Solomon AM, Trexler MC, Wisniewski J (1994) Carbon pools and flux of global forest ecosystems. Science 263(5144):185–190CrossRefPubMedGoogle Scholar
  6. Fang JY (2000) Forest biomass carbon pool of middle and high latitudes in the north hemisphere is probably much smaller than present estimates. Acta Ecol Sin 24(5):635–638Google Scholar
  7. Fang J, Chen A, Peng C, Zhao S, Ci L (2001) Changes in forest biomass carbon storage in China between 1949 and 1998. Science 292(5525):2320–2322CrossRefPubMedGoogle Scholar
  8. Gao MX, Zhang Y, Xu J, Zhou JB, Gao YC (2012) Comprehensive environmental accounting and econometric analysis: From international experience to practice in China. Economic Science Press, Beijing, pp 192–203Google Scholar
  9. He QT (1993) Influence of forest on circulation of carbon in the system of earth and atmosphere. J Beijing For Univ 15(3):132–136Google Scholar
  10. He Y, Zhang XQ, Liu YX (2007) Present status and potentiality of forest carbon trade market in China. Sci Silvae Sin 7:106–111Google Scholar
  11. Index Mundi (2013) China-real effective exchange rate index. http://www.indexmundi.com/facts/china/real-effective-exchange-rate-index. Accessed 06 Dec 13
  12. IPCC (2003) Definitions and methodological options to inventory emissions from direct human-induced degradation of forests and devegetation of other vegetation types. Institute for Global Environmental Strategies, Japan. Alternative 1
  13. Jeffrey R Vincent, John M Hartwick (1997) Accounting for the benefits of forest resources: Concepts and Experience, Planning and Statistics Branch, Policy and Planning Division, Forestry Department, FAO. http://www.fao.org/docrep/005/ac272e/AC272E04.htm. Accessed 06 Mar 14
  14. Klemperer WD (1996) Forest resource economics and finance. McGraw-Hill, Inc., New York, pp 149–156Google Scholar
  15. Krishnan Trichy V, Bass Frank M, Jain Dipak C (1999) Optimal pricing strategy for new products. Manag Sci 45(12):1650–1663CrossRefGoogle Scholar
  16. Lei JF (2005) Forest resources of China. China Forestry Press, Beijing, pp 101–121Google Scholar
  17. Li SL (2006) A study on forest carbon sinks. Northeast Forestry University Press, Harbin, pp 100–101Google Scholar
  18. Li NY, Zhang DS, Song WM (2005) State and trend of forestry carbon sequestration management in China. Green China (A) 6:23–26Google Scholar
  19. Li NY, Xu ZH, Wang CF, Chen J, Zhang DS, Zhang S, Hou RP (2007) Selection and evaluation of preferential development area for afforestation and reforestation project under CDM in China. Sci Silvae Sin 43(7):5–9Google Scholar
  20. Li NY, Huang D, Zhang XJ, Zhang SD, He XR, Yu TF, Chen XT, Lin L, Wang J (2010) Research on the international processes, policy mechanisms and countermeasures of forestry mitigation of climate change. For Econ 3:43–51Google Scholar
  21. National Bureau of Statistics, P. R.China (2008) China Statistical Abstract (2008). China Statistics Press, Beijing, pp 18–20Google Scholar
  22. Pala Nazir A, Negi AK, Gokhale Yogesh, Showkat Aziem KK, Vikrant NP Todaria (2013) Carbon stock estimation for tree species of Sem Mukhem sacred forest in Garhwal Himalaya, India. J For Res 24(3):457–460CrossRefGoogle Scholar
  23. Sohngen B, Mendelsohn R (1998) The US timber market impacts of climate change. In: Mendelsohn R, Neuman J (eds) The market impact of climate change on the US economy. Cambridge University Press, Cambridge, pp 278–283Google Scholar
  24. State Forestry Administration, P. R. China (2007) National forest recourses statistics (2006). China Forestry Press, Beijing, pp 10–12Google Scholar
  25. State Forestry Administration, P. R. China (2011) China statistical yearbook of forestry (2010). China Forestry Press, Beijing, pp 88–93Google Scholar
  26. Wei DS, Xu JT, Li NY (2003) Afforestation and climate change: study on carbon problems. China Forestry Press, Beijing, pp 80–88Google Scholar
  27. Wu SH, Zhang XQ, Li J (2006) Analyses on leakage issues of forestry sequestration project. Sci Silvae Sin 32(2):98–104Google Scholar
  28. Xiao XW (2005) China forests recourses inventory. China Forestry Press, Beijing, pp 177–198Google Scholar
  29. Xie Xiaokui, Wang Qingli, Dai Limin, Dongkai Su, Wang Xinchuang, Qi Guang, Ye Yujing (2011) Application of China’s national forest continuous inventory database. Environ Manag. doi:10.1007/s00267-011-9716-2Google Scholar
  30. Zhang WC, Tian J, Wang DM, Ding GD, Meng DX (2007) Carbon sequestration based on global climate change negotiation. For Investig Plan 32(5):18–22Google Scholar
  31. Zhang Y, Hou YZ, Wei XZ, Yan P, Yuan GY, Feng ZK (2008) Green accounting for forests in Beijing. J Beijing For Univ 30(Supp. 1):232–237Google Scholar
  32. Zhang Y, Wu LL, Su F, Yang ZG (2010) An accounting model for forest carbon sinks in China. J Beijing For Univ 32(2):194–200Google Scholar
  33. Zhang Y, Gao MX, Liu JC, Wen YL, Song WM (2011) Green accounting for forest and green policies in China—a pilot national assessment. Forest Policy Econ 13:513–519CrossRefGoogle Scholar
  34. Zhang Y, Zhou X, Qin QF, Chen K (2013) Value accounting of forest carbon sinks in China. J Beijing For Univ 35(6):124–131Google Scholar
  35. Zhao L, Yin HF, Chen XF, Wang DQ (2008) Summary of the research methods of forest carbon sink accounting. J Northwest For Univ 23(1):59–63Google Scholar

For further details log on website :
http://link.springer.com/article/10.1007/s11676-014-0479-5

No comments:

Post a Comment