Korea Forest Service

Forest Carbon Offset Scheme

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Overview of the Forest Carbon Offset Scheme

What is the Social Contribution Type Forest Carbon Offset Scheme?

The Social Contribution Type Forest Carbon Offset Scheme allows trading Forest Carbon Uptake on the voluntary market or using Forest Carbon Uptake as promotion. There are two ways to participate: Transaction and Non-Transaction

Participation

Transaction

Forest Carbon Uptake Transaction Types

사업자기 사업계획서 제출 후 산림탄소센터에서 타당성 검토 후 사업등록한다 사업자는 사업진행하면서 모니터링결과서 제출한다 검증기관에서 검증업무, 임업진흥원에서 인증업무진행한다 사업자는 산림탄소흡수량을 인증 받은 후 거래한다
Non-Transaction

Forest Carbon Uptake that can be used for other purposes including promotion.

* More relaxed standards are applied here, and Non-Transaction type project is not subject to verification process.

사업자기 사업계획서 제출 후 산림탄소센터에서 타당성 검토 후 사업등록한다 사업자는 사업진행하면서 모니터링결과서 제출한다 임업진흥원에서 인증업무진행한다 사업자는 산림탄소흡수량을 인증 받은 후 홍보 등에 활용한다

Forest Development Project

Project Overview

Forest Development Project refers to Afforestation and Reforestation, transforming non-forest areas into forests through artificial and natural regeneration.

Requirements for target areas
  • - Transaction Type: (Afforestation) Land which has not been forest at least for the past 50 years.
    (Reforestation) Deforested natural forests before December 31, 1989 which has been used for other purposes.
  • - Non-Transaction Type: Non-forest area at the time of the project application.
Increasing Carbon Uptake levels (Carbon Storage) through Forest Development Projects.

Forest Management Project

Project Overview

Forest Management Project aims to maintain forest health, induce vigorous growth, and increase carbon uptake of forests through sustainable forests management.

Requirements for target areas
  • - Transaction Type: Certified forest or forest with an established management plan.
  • - Non-Transaction Type: Area where forest management can be carried out at the time of application.
Increasing carbon uptake levels through regeneration, extension of the final age of maturity, and management of selection cutting forest. When compared to the average carbon storage level, the uptake level is increased by more than half.

Wood Product Utilization Project

Project Overview

Using harvested hardwoods or processed wood products procured through forest management activities, such as afforestation, forest thinning and cropping.

Project Requirements
  • - Transaction Type: Use or purchase of wood products made of wood harvested domestically and legitimately.
  • - Non-Transaction Type: Imported wood can be used.

Carbon Uptake levels are increased through Wood Product Utilization Projects.

Forest Biomass Energy Utilization Project

Project Overview

Reducing greenhouse gas emissions by substituting some or all of the fossil fuels previously used with Forest Biomass Energy (pellet fuel, wood chips, etc.)

Project Requirements
  • - Transaction Type: Reduce greenhouse gas emission levels by using domestic forest biomass energy.
  • - Non-Transaction Type: Imports may be used.

This image shows what a pellet boiler and wood pellets look like. By implementing such forest biomass energy project, greenhouse gas emissions can be reduced.

Revegetation Project

Project Overview

Creating urban forests, living forests, and planting roadside trees stated in Article 2 of the Creation and Management of Forest Resources Act through revegetation, a direct human induced activity to increase carbon stocks on sites through the establishment of vegetation that covers a minimum area of 0.05 ha

Requirements for target areas
  • - Transaction Type: Non-forest land which does not meet Afforestation/Reforestation target area requirements and would be used to create urban forests, living forests, and planting roadside trees stated in Article 2 of the Creation and Management of Forest Resources Act
  • - Non-Transaction Type: Non-forest land which does not meet Afforestation/Reforestation target area requirements.

Restraining Forest Conversion

Project Overview

Maintaining or expanding vegetated area designated when obtaining permission to convert in accordance with Article 14 of the Mountainous Districts Management Act.

Requirements for target areas
  • - This is limited to Non-Transaction Type only.
  • - Land obtained permission for conversion of mountainous districts in accordance with Article 14 of the Mountainous Districts Management Act.

Multipurpose Project

Project Overview
  • - Using by-products from plantation, reforestation, and forest management to generate forest biomass energy
  • - Utilizing forest products of woods harvested from plantation, reforestation, and forest management.
Hybrid Business explores different ways of using energy from products through Afforestation, such as forest biomass energy or wood products by harvesting forest trees.

Social Contribution Type Forest Carbon Offset Operating Standards

Legal Basis and Purpose

Operating standards are aimed at determining the specifics of the Social Contribution Type Forest Carbon Offset, as outlined in Article 27 of the Act on the Management and Improvement of Carbon Sink and Article 24 of the Enforcement Decree of this Act.

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