Valuation of carbon sequestration Sample Clauses

Valuation of carbon sequestration using PES schemes method Based on available data, we considered payment for ecosystem services (PES) schemes the best technique to assess the monetary value of service. It is also a fairly straightforward method. European Union (EU) Emissions Trading System was chosen as an appropriate PES scheme and the yearly average European Union Allowance (EUA) price (€/t CO2) was chosen as a unit price. The calculated yearly average EUA price was calculated to be 15.82 €/t CO2. National Inventory Report of greenhouse gas emissions in Estonia 1990-2017 of the LULUCF sector was the basis for the net carbon sequestration values for grasslands. The report contains a specific chapter on grasslands (6.4. GRASSLAND (CRF 4.C) p. 325), which provides an overview of carbon capture and emissions associated with grassland. The main conclusion is that Grassland category has been mainly a small source of CO2; highest emissions originate from drained organic soils and from living biomass in the years of higher deforestation rates. Mineral soil pool has been a sink for CO2 due to land-use change to grasslands. The data presented in the report is important for the assessment of grassland carbon capture ecosystem service. The Grassland category includes CO2 emissions and removals from living biomass, dead wood, mineral and organic soils, and non-CO2 emissions from biomass burning. The net emissions from Grassland were
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Related to Valuation of carbon sequestration

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