• International Journal of Advanced Culture Technology
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• v.11 no.2
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• pp.389-396
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• 2023

This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

• Korean Journal of Agricultural and Forest Meteorology
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• v.25 no.4
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• pp.258-266
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• 2023

This study analyzed methodologies for estimating carbon stocks of perennial woody crops and the research cases in overseas countries. As a result, we found that Australia, Bulgaria, Canada, and Japan are using the stock-difference method, while Austria, Denmark, and Germany are estimating the change in the carbon stock based on the gain-loss method. In some overseas countries, the researches were conducted on estimating the carbon stock change using image data as tier 3 phase beyond the research developing country-specific factors as tier 2 phase. In South Korea, convergence studies as the third stage were conducted in forestry field, but advanced research in the agricultural field is at the beginning stage. Based on these results, we suggest directions for the following four future researches: 1) securing national-specific factors related to emissions and removals in the agricultural field through the development of allometric equation and carbon conversion factors for perennial woody crops to improve the completeness of emission and removals statistics, 2) implementing policy studies on the cultivation area calculation refinement with fruit tree-biomass-based maturity, 3) developing a more advanced estimation technique for perennial woody crops in the agricultural sector using allometric equation and remote sensing techniques based on the agricultural and forestry satellite scheduled to be launched in 2025, and to establish a matrix and monitoring system for perennial woody crop cultivation areas in the agricultural sector, Lastly, 4) estimating soil carbon stocks change, which is currently estimated by treating all agricultural areas as one, by sub-land classification to implement a dynamic carbon cycle model. This study suggests a detailed guideline and advanced methods of carbon stock change calculation for perennial woody crops, which supports 2050 Carbon Neutral Strategy of Ministry of Agriculture, Food, and Rural Affairs and activate related research in agricultural sector.

• Journal of Ecology and Environment
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• v.46 no.3
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• pp.250-258
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• 2022

Background: To assess the carbon sequestration capacity and net ecosystem productivity (NEP) of Quercus glauca forests, we analyzed the net primary productivity (NPP), carbon storage, and carbon emission of soil in a Q. glauca forest on Jeju Island (South Korea) from 2016 to 2018. Results: The average carbon stock in the above- and below-ground plant biomass was 223.7 Mg C ha^-1, while the average amount of organic carbon fixed by photosynthesis was 9.8 Mg C ha^-1 yr^-1, and the average NPP was 9.6 Mg C ha^-1 yr^-1. Stems and branches contributed to the majority of the above- and below-ground standing biomass and NPP. The average heterotrophic carbon emission from the soil was 8.7 Mg C ha^-1 yr^-1, while the average NEP was 1.1 Mg C ha^-1 yr^-1. Although the carbon stock, carbon absorption, and soil respiration values were higher than those reported in other oak forests in the world, the NEP was similar or lower. Conclusions: These results indicator that Q. glauca forests perform the role of a large carbon sink through the CO₂ absorption in the plants in terms of carbon balance. And it is judged to be helpful as data for assessment of carbon storage and flux in the forests and mitigation of elevated CO₂ in the atmosphere.

• Journal of agriculture & life science
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• v.45 no.3
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• pp.35-41
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• 2011

The objective of this study was to estimate domestic potential wood supply according to geographical and forest management conditions. In order to separate available wood supply area, analysis was conducted by separating natural, theoretical, geographical and technical supply area. Natural supply area was separated by extract stocked land from forest using digital stock map. Theoretical, geographical and technical supply area was separated by considering protection area, slope, streamside and road. Growing stock was calculated by using species and age-class of digital stock map. Potential wood supply was estimated by calculating growing stock of technical supply area. The results of growing stock of each supply area was shown that growing stock was from 244,150 to 596,248 thousand $m^3$. According to the results of this study, it was found that potential wood supply are likely to be over- or underestimated depending on the considered level of geographical and forest management conditions. Provincial potential wood supply was highly ranked in order of Gyeongbuk, jeonnam, Gyeongnam and Gangwon province.

• Journal of Climate Change Research
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• v.8 no.4
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• pp.369-375
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• 2017

In this study, it was intended to compare the two methodologies for forest management project through extension of rotation age: Korean Forest Carbon Offset Standard (KFOS) and Verified Carbon Standard (VCS). The amount of carbon removals and offset credits based on the two methodologies and their trends were analyzed in this study. The major difference between two methodologies were found at the process of estimation of baseline carbon removals. For instance, average carbon stock during the project period was used for estimation of baseline carbon removals in KFOS, while average carbon stock change during the 100 years was used in VCS. Due to the different approach for estimation of baseline carbon removal, the estimated offset credits were also different according to the two methodologies. In this study, 15 project scenarios were considered for comparison of two methodologies : 5 major coniferous stands in Korea (Pinus densiflora in Gangwon region, Pinus densiflora in Central region, Pinus koraiensis, Larix leptolepis, Chamaecyparis obtusa) with 3 project periods (30, 35, 40 years). The results showed that estimated carbon offset credits based on the KFOS methodology were higher for all 15 scenarios compared to those based on the VCS methodology. The KFOS showed a steep decline in the annual offset credit as project period gets longer, thus it is not desirable for projects with longer period. VCS is more acceptable for longer projects with a small difference according to the project periods. The results also indicated that Pinus densiflora in Gangwon, Pinus koraiensis, and Larix leptolepis are more desirable species for forest management project through the extension of ration age.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.29 no.2
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• pp.133-139
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• 2011

Estimation of biomass carbon stock is an important research for estimation of public benefit of forest. Previous studies about biomass carbon stock estimation have limitations, which come from the used deterministic models. The most serious problem of deterministic models is that deterministic models do not provide any explanation about the relevant effects of errors. In this study, the effects of location errors were analyzed in order to estimation of biomass carbon stock of Danyang area using Monte Carlo simulation method. More specifically, the k-Nearest Neighbor(kNN) algorithm was used for basic estimation. In this procedure, random and systematic errors were added on the location of Sample plot, and effects on estimation error were analyzed by checking the changes of RMSE. As a result of random error simulation, mean RMSE of estimation was increased from 24.8 tonC/ha to 26 tonC/ha when 0.5~1 pixel location errors were added. However, mean RMSE was converged after the location errors were added 0.8 pixel, because of characteristic of study site. In case of the systematic error simulation, any significant trends of RMSE were not detected in the test data.

• Journal of Korean Society of Forest Science
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• v.101 no.4
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• pp.599-605
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• 2012

The purpose of this study is to estimate diameter distribution, volume per hectare, and carbon stock for Quercus variabilis stand. 354 Quercus variabilis stands were selected on the basis of age and structure, the data and samples for these stands are collected. For the prediction of diameter distribution, Weibull model was applied and for the estimation of the parameters, a simplified method-of-moments was applied. To verify the accuracy of estimates, models were developed using 80% of the total data and validation was done on the remaining 20%. For the verification of the model, the fitness index, the root mean square error, and Kolmogorov-Smirnov statistics were used. The fitness index of the site index, height, and volume equation estimated from verification procedure were 0.967, 0.727, and 0.988 respectively and the root mean square error were 2.763, 1.817, and 0.007 respectively. The Kolmogorov-Smirnov test applied to Weibull function resulted in 75%. From the models developed in this research, the estimated volume and above-ground carbon stock were derived as $188.69m^3/ha$, 90.30 tC/ha when site index and stem number of 50-years-old Quercus variabilis stand show 14 and 697 respectively. The results obtained from this study may provide useful information about the growth of broad-leaf species and prediction of carbon stock for Quercus variabilis stand.

• Journal of Forest and Environmental Science
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• v.34 no.1
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• pp.1-11
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• 2018

We studied natural and plantation forest ecosystem of Sarguja in Chhattisgarh, India in order to understand how vegetation biomass, carbon stock and its allocation patterns vary among the sites. For this, stratified random sampling was opted to measure the different layers of vegetation. Wide floral diversity was found in the natural forest site as compared to the teak stand. Overall, 17 tree species found in natural forest comprising 8 families while in the teak stand 6 species were recorded. In understory strata 23 species were recorded (18 herbs and 5 shrubs) in natural forest whereas in teak stand 20 herb species and 3 shrubs were found. Great variation was also seen in the population dynamics of the different vegetation stratum in concerned sites. The sapling, seedling and herb density was found to be highest in natural stand while tree and shrub density was more in teak stand. Results indicated that stand biomass of the natural site was $321.19t\;ha^{-1}$ while in the teak stand it was $276.61t\;ha^{-1}$. The total biomass of tree layer in plantation site was $245.22t\;ha^{-1}$ and natural forest $241.44t\;ha^{-1}$. The sapling, seedling, shrub and forest floor biomass was found highest under natural forest as compared to the teak plantation site. Carbon stock has similar trend as that of biomass accumulation in natural forest and teak stand. Higher biomass accumulation and carbon stock were recorded in the higher girth class gradation of the population structure. Proper efforts are required to manage these diverse ecosystems to obtain higher biomass and sustainable ecological services.

• Journal of Climate Change Research
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• v.6 no.4
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• pp.357-366
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• 2015

This study was conducted to estimate carbon stocks of Quercus serrata with drawing volume of trees in each tree height and DBH applying the suitable stem taper equation and tree specific carbon emission factors, using collected growth data from all over the country. Information on distribution area, tree number per hectare, tree volume and volume stocks were obtained from the $5^{th}$ National Forest Inventory (2006~2010), and method provided in IPCC GPG was applied to estimate carbon storage and removals. Performance in predicting stem diameter at a specific point along a stem in Quercus serrata by applying Kozak's model,$d=a_1DBH^{a_2}a_3^{DBH}X^{b_1Z^2+b_2ln(Z+0.001)+b_3{\sqrt{Z}}+b_4e^Z+b_5({\frac{DBH}{H}})}$, which is well known equation in stem taper estimation, was evaluated with validations statistics, Fitness Index, Bias and Standard Error of Bias. Consequently, Kozak's model turned out to be suitable in all validations statistics. Stem volume tables of Quercus serrata were derived by applying Kozak's model and carbon stock tables in each tree height and DBH were developed with country-specific carbon emission factors ($WD=0.65t/m^3$, BEF=1.55, R=0.43) of Quercus serrata. As a result of carbon stock analysis by age class in Quercus serrata, carbon stocks of IV age class (11,358 ha, 36.5%) and V age class (10,432; 33.5%) which take up the largest area in distribution of age class were 957,000 tC and 1,312,000 tC. Total carbon stocks of Quercus serrata were 3,191,000 tC which is 3% compared with total percentage of broad-leaved forest and carbon sequestration per hectare(ha) was 3.8 tC/ha/yr, $13.9tCO_2/ha/yr$, respectively.

• Journal of Ecology and Environment
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• v.43 no.1
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• pp.43-60
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• 2019

Background: Tropical montane forests played an important role in the provision of ecosystem services. The intense degradation and deforestation for the need of agricultural land expansion result in a significant decline of forest cover. However, the expansion of agricultural land did not completely destruct natural forests. There remain forests inaccessible for agricultural and grazing purpose. Studies on these forests remained scant, motivating to investigate biomass and soil carbon stocks. Data of biomass and soils were collected in 80 quadrats ($400m^2$) systematically in 5 forests. Biomass and disturbance gradients were determined using allometric equation and disturbance index, respectively. The regression modeling is employed to explore the spatial distribution of carbon stock along disturbance and environmental gradients. Correlation analysis is also employed to identify the relation between site factors and carbon stocks. Results: The result revealed that a total of 1655 individuals with a diameter of ${\geq}5cm$, representing 38 species, were measured in 5 forests. The mean aboveground biomass carbon stocks (AGB CS) and soil organic carbon (SOC) stocks at 5 forests were $191.6{\pm}19.7$ and $149.32{\pm}6.8Mg\;C\;ha^{-1}$, respectively. The AGB CS exhibited significant (P < 0.05) positive correlation with SOC and total nitrogen (TN) stocks, reflecting that biomass seems to be a general predictor of SOCs. AGB CS between highly and least-disturbed forests was significantly different (P < 0.05). This disturbance level equates to a decrease in AGB CS of 36.8% in the highly disturbed compared with the least-disturbed forest. In all forests, dominant species sequestrated more than 58% of carbon. The AGB CS in response to elevation and disturbance index and SOC stocks in response to soil pH attained unimodal pattern. The stand structures, such as canopy cover and basal area, had significant positive relation with AGB CS. Conclusions: Study results confirmed that carbon stocks of studied forests were comparable to carbon stocks of protected forests. The biotic, edaphic, topographic, and disturbance factors played a significant variation in carbon stocks of forests. Further study should be conducted to quantify carbon stocks of herbaceous, litter, and soil microbes to account the role of the whole forest ecosystem.