Economic benefit of carbon sequestration project of CCER bamboo forest management in Anji County, Zhejiang Province

Based on The Bamboo Forest Management Carbon Sequestration Project Methodology and improved project economic benefit evaluation model, this research conducted a quantitative evaluation of the economic benefits of CCER bamboo forest management carbon sequestration project and analyzed the sensitivity of the net present value under different scenarios. The results showed that the net present value of bamboo forest management carbon sequestration project was 195.675 2 million yuan in total, 6.522 5 million yuan per year and 137 200 yuan per hectare under the current market conditions, which was 42.05 per cent higher than that of the traditional bamboo forest management. Total carbon dioxide emission reduction was 249 658 t; the average annual emission reduction was 8 322 t; the amount of emission reduction per hectare was 175 t·hm-2. The net present value of the project emission reduction was 4.654 0 million yuan in total, 155 100 yuan per year and 3 300 yuan per hectare. The degree of sensitivity of the net present value of the project was bamboo price > discount rate > labor price > carbon price in the same rate of change scenarios. On the basis of the research findings, the relevant suggestions were put forward from three perspectives, namely, carbon price, farmer's income, and market environment, to carry out bamboo forest management carbon sequestration project better.