Potential economic value of carbon credits in forest restoration plots of Northern Thailand

Pyae Shan Tun

Bakalářská práce

Abstract:

This study evaluates the potential economic value of carbon credits generated through forest restoration using the Framework Species Method (FSM) in northern Thailand. Tree Carbon accumulation was measured in four different sites non-restored control plots, 12- and 24-year-old restoration plots, and reference forest. Using allometric equations and logistic growth modelling, results showed that restored plots accumulated 87.46 tC/ha (49% of reference levels) after 12 years and 149.84 tC/ha (84%) after 24 years. The economic valuation of carbon values by a cost-benefit analysis proved that carbon credits could return significant revenue (up to $37,064/ha over 24 years) (one ton of CO2 on the European Emission Allowance (EUA) market was 60.94 EUR ton per CO2 which is equal to 248.04 USD/tC). Costs of carbon sequestration by the FSM for 100% Tree-Planting restoration is 10.34 USD/tCO2. Subtracting this establishment cost leaves 5,687 USD/ha profit over 24 years, which can outweigh restoration costs significantly. A SWOT analysis underscored Thailand’s emerging carbon market strength, such as institutional partnerships and scientific foundations for forest-based carbon credits but identified weaknesses like governance gaps and inequitable profit sharing.

Keywords

species-specific wood density, control sites, forest management, cost-benefit analysis, SWOT analysis

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 19. 4. 2025

Obhajoba závěrečné práce

• Obhajoba proběhla 27. 5. 2025
• Vedoucí: doc. Ing. Vladimír Verner, Ph.D.
• Oponent: Dia Shannon, externi

Česká zemědělská univerzita v Praze

Fakulta tropického zemědělství

Bakalářský studijní program:
International Cooperation in Agricultural and Rural Development