2018
DOI: 10.3390/f10010021
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Perspectives of Private Forest Owners toward Investment in Forest Carbon Offset Projects: A Case of Geumsan-Gun, South Korea

Abstract: Understanding and promoting South Korean private forest owners’ investment in the Forest Carbon Offset (FCO) scheme is crucial for enhancing carbon sequestration using forests in South Korea. This study aims to identify the factors of private forest owners associated with the investment decision in FCO projects. A total of 132 forest owners in Geumsan-gun, Chungcheongnam-do responded to a mixed-method survey. A chi-square test on the respondent groups shows that a forest management contract has a positive corr… Show more

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Cited by 10 publications
(5 citation statements)
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“…Compared to the relatable studies by Cai et al [73], Joshi and Arano [75] and Shin and Yeo-Chang [109], the eight regression models provide acceptable goodness of fit compared to the McFadden R 2 in those studies. The weakest model statistics in the comparison are shown for the HABITATTREENOTUSE and KEEPOFF models.…”
Section: Model Validationmentioning
confidence: 71%
“…Compared to the relatable studies by Cai et al [73], Joshi and Arano [75] and Shin and Yeo-Chang [109], the eight regression models provide acceptable goodness of fit compared to the McFadden R 2 in those studies. The weakest model statistics in the comparison are shown for the HABITATTREENOTUSE and KEEPOFF models.…”
Section: Model Validationmentioning
confidence: 71%
“…The strategy of enhancing carbon storage by effectuating small changes to forest operations on a maximum of different forest plots only works if multifarious forest owners and managers can be targeted. This strategy requires both a good knowledge of the structure of forest ownership [38] and communication skills to avoid presenting offset contracts as a panacea to fund forest operations. Indeed, foresters have shown their interest in the financial initiatives for environment services, especially in a context of rising climatic hazards.…”
Section: Discussionmentioning
confidence: 99%
“…The two organizations also planned in-itinere verifications of the permanence of the subsidized projects. Their approach, used in many other countries [23,38,39], aims to include the transaction costs of impermanence verifications in their estimated budgets. The organization either funds an external certifying body such as the Verified Carbon Standard [40] or pays for the costs of verifying the contracts itself.…”
Section: On the Efficiency Of Carbon Storage Organizationsmentioning
confidence: 99%
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“…Conservation organizations need to identify the locations of areas that should not be damaged or that need to be restored to promote species conservation. On the other hand, individual forest owners, local governments, national forest managers, and corporate forestland owners, who wish to obtain certification of carbon absorption through forest management activities, need information on the location and species of trees to plant that can maximize carbon storage (Shin and Yeo-Chang, 2019).…”
Section: Introductionmentioning
confidence: 99%