The economics of carbon sequestration and carbon market in forestry
2014
Bassullu, C.
This thesis study was aimed at estimation of consumer surplus or willingness to pay and total economic value for establishing a new forest by sequestering carbon to prevent air pollution around the cities and to prevent people from the adverse effects of climate change in Turkey; developing institutional model of Turkish Emission Trading System; elimination of the deficiencies about the economics of carbon sequestration and carbon market in forestry legislation and creating awareness and new viewpoints in Turkey. The data's of the economics of carbon sequestration and carbon stock market in forestry were collected by Contingent Valuation Method questionnaire, literature and document analyses. Analyses of the data's were estimated with Correlations Analysis and Regression Analysis by using Statistical Package for the Social Sciences 15.0 software and Microsoft Office Excel software.According to the contingent valuation study results, average consumer surplus or maximum willingness to pay for establishing a new 100.000 hectares of forest in Ankara, Kırıkkale and Kırşehir was found as 47,04 TL. The total consumer surplus or annual total economic value was estimated 540.887.925,36 TL. An institutional model for Turkish Emission Trading System was developed and forestry sector was evaluated in Turkish Emission Trading System. In this scope, proposed Turkish Emission Trading System will consist of Designated National Authority/Designated Focal Point, Central Registry Agency, Turkish Carbon Market and Istanbul Settlement and Custody Bank Incorporation. In addition to that, some legislation changes were proposed through carbon market in forestry sector.
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