• Title/Summary/Keyword: carbon credits

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Implications for Japan's National REDD+ Strategies - Focused on Joint Credit Mechanism (JCM) - (일본 REDD+의 국가 전략 및 시사점 - 양국간 크레딧 메커니즘(JCM)을 중심으로 -)

  • Park, Jeongmook;Seo, Hwanseok;Lee, Jungsoo
    • Journal of Korean Society of Forest Science
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    • v.105 no.2
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    • pp.238-246
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    • 2016
  • The study aims to examine Japan's National REDD+ Strategies prepared for Post-2020 and the status of its implementation by organizations in Japan, and then to suggest the potential REDD+ countermeasures against Joint Credit Mechanism (JCM) for Republic of Korea and their implications. As for the technical limitations of the guidelines of REDD+ under the JCM, it is pointed out that forests located at the place with less potential safeguard intervention tend to be selected as the target area for a project and that, as reference emission trend changes depending on the basic year of the baseline, differences could occur among the amounts of greenhouse gas emission. In addition, it is pointed out that the result of the calculation of the displacement of emissions, or leakeage, in REDD+, can have an uncertainty, since the calculation is done by just multiplying leakage area by certain coefficients, without considering the size of the leakage area. Furthermore, the lack of implementation guideline or methodologies for a project level is also pointed out as a limitation, considering that there are only some national and sub-national monitoring guidelines at present. Finally, internationally accepted guidelines for safeguard and its sub-items needed to be prepared, as current safeguard policy only includes lists without detailed items. Such things mentioned above are all related to, and can lead to the problem of double counting of items in Nested Approach etc., as well as of the distribution of credits. Therefore, Republic of Korea should take these into consideration when implementing its REDD+ projects.