Table 13. The net benefit for the Ganghwa tidal flat conservation, when GSCC is applied

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: $417 /t CO2 e
CWPA establishment & management 2 68.5 6,297.2 6,228.7 - Annual monitoring cost included
4.5 52.1 5,101.7 5,049.6
7 41.0 4,249.9 4,208.9
Coastal wetland restoration 2 19.4 229.9 210.5 - Annual monitoring cost excluded
4.5 174.6 155.2
7 137.2 117.8
Total 2 87.9 6,527.1 6,439.2
4.5 71.5 5,276.3 5,204.8
7 60.4 4,387.1 4,326.7