Table 12. The net benefit for the Ganghwa tidal flat conservation

Discount rate (%) Cost (106 USD) Benefit (106 USD) Net benefit (106 USD) Remarks
- Total area of the Ganghwa tidal flat: 35,300 ha - Time period: 25 years
- Area restored: 3,530 ha (10% of the Ganghwa tidal flat) - Carbon price: $20 / t CO2 e
CWPA establishment & management 2 68.5 302.0 233.5 - Annual monitoring cost included
4.5 52.1 244.7 192.6
7 41.0 203.8 162.8
Coastal wetland restoration 2 19.4 11.0 –8.4
4.5 8.4 –11.0
7 6.6 –12.8
Total 2 87.9 313.0 225.1
4.5 71.5 253.1 181.6
7 60.4 210.4 150.0
CWPA, coastal wetland protected areas.