Nature-based Carbon Pricing of Full Ecosystem Services for Peatland Conservation—A Case Study in Riau Province, Indonesia

Nature-Based Solutions

Thi Phuoc Lai Nguyen¹  Issei Abe²  Takuji W. Tsusaka³  Nurul Pertiwi³  Nophea Sasaki³ 

[1] Development Planning Management and Innovation, Department of Development and Sustainability, Asian Institute of Technology, Klong Luang, Thailand;Faculty of Career Development, Kyoto Koka Women's University, Kyoto, Japan;Natural Resources Management, Department of Development and Sustainability, Asian Institute of Technology, Klong Luang, Thailand;

关键词: Carbon pricing;    Benefit-cost analysis;    Ecosystem services, Peatland conservation;   

DOI  :  

来源: DOAJ

【 摘 要 】

Peatlands are recognized as the largest reservoirs of terrestrial carbon, and provide a multitude of ecosystem services if used appropriately. Here, we assessed carbon-based incentives and incentives from full ecosystem services as a means of conserving peatlands in comparison with benefits from other existing types of land use. A benefit-cost analysis was conducted to determine the carbon price and assess the ecosystem services of peatlands with three land use options: conservation, clearing for oil palm plantations, and rubber plantations. Key informant interviews were conducted to analyze current land-use practices. Our results indicate that the peatland conservation option under the business-as-usual scenario would yield carbon pricing at US$0.03 tCO2−1. This is less than that obtained from the oil palm and rubber plantation options where pricing ranges from US$0.28–1.17 tCO2−1. Pricing for the peatland conservation option was US$24.8–26.8 tCO2−1 with the inclusion of full ecosystem services vis-à-vis US$47.6–148.96 tCO2−1 under plantation options. Nevertheless, internal rate of return for the conservation option was consistently higher than that for the plantation options. This suggests that the conservation option would be more attractive than plantation options when the discount factor is high. Combining carbon pricing and payment for an ecosystem services scheme can contribute to the conservation of peatlands and thereby reduce carbon emissions.

【 授权许可】

Unknown