A framework for pricing the loss of regulating ecosystem services caused by road construction

Byungil Kim, Hongjo Kim, Hyoungkwan Kim

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Road construction is a primary cause of the loss of ecosystems and their services. However, such loss of ecosystem services has not been reflected in key decision-making processes, such as in cost-benefit analysis due to difficulty in pricing the cost. This study proposes a framework for pricing the loss of regulating ecosystem services caused by road construction. Two important characteristics of the proposed framework are the adoption of the replacement cost method and the use of limited information in the planning phase of road projects. A case study was conducted to validate the proposed framework, with an emphasis on carbon sequestration, flood mitigation, and water storage services, based on 49 typical road construction projects in the Republic of Korea. On average, the costs of the loss of carbon sequestration, flood mitigation, and water storage services were estimated to be 5,055, 6,412, and 8,004 in units of $/lane-km, respectively, and the total costs were estimated to be an average of 19,474 $/lane-km, accounting for 0.47% of the direct construction cost. These findings are the effort for pricing the loss of ecosystem services caused by road construction from an engineering perspective. The proposed framework can be used to provide clear guidance for sustainable development.

Original languageEnglish
Pages (from-to)2624-2631
Number of pages8
JournalKSCE Journal of Civil Engineering
Volume20
Issue number7
DOIs
Publication statusPublished - 2016 Nov 1

Fingerprint

Road construction
Ecosystems
Costs
Cost benefit analysis
Carbon
Sustainable development
Water
Decision making
Planning

All Science Journal Classification (ASJC) codes

  • Civil and Structural Engineering

Cite this

@article{4abc8c59a27c4706a5bc79c6ea7e1574,
title = "A framework for pricing the loss of regulating ecosystem services caused by road construction",
abstract = "Road construction is a primary cause of the loss of ecosystems and their services. However, such loss of ecosystem services has not been reflected in key decision-making processes, such as in cost-benefit analysis due to difficulty in pricing the cost. This study proposes a framework for pricing the loss of regulating ecosystem services caused by road construction. Two important characteristics of the proposed framework are the adoption of the replacement cost method and the use of limited information in the planning phase of road projects. A case study was conducted to validate the proposed framework, with an emphasis on carbon sequestration, flood mitigation, and water storage services, based on 49 typical road construction projects in the Republic of Korea. On average, the costs of the loss of carbon sequestration, flood mitigation, and water storage services were estimated to be 5,055, 6,412, and 8,004 in units of $/lane-km, respectively, and the total costs were estimated to be an average of 19,474 $/lane-km, accounting for 0.47{\%} of the direct construction cost. These findings are the effort for pricing the loss of ecosystem services caused by road construction from an engineering perspective. The proposed framework can be used to provide clear guidance for sustainable development.",
author = "Byungil Kim and Hongjo Kim and Hyoungkwan Kim",
year = "2016",
month = "11",
day = "1",
doi = "10.1007/s12205-015-0762-9",
language = "English",
volume = "20",
pages = "2624--2631",
journal = "KSCE Journal of Civil Engineering",
issn = "1226-7988",
publisher = "Korean Society of Civil Engineers",
number = "7",

}

A framework for pricing the loss of regulating ecosystem services caused by road construction. / Kim, Byungil; Kim, Hongjo; Kim, Hyoungkwan.

In: KSCE Journal of Civil Engineering, Vol. 20, No. 7, 01.11.2016, p. 2624-2631.

Research output: Contribution to journalArticle

TY - JOUR

T1 - A framework for pricing the loss of regulating ecosystem services caused by road construction

AU - Kim, Byungil

AU - Kim, Hongjo

AU - Kim, Hyoungkwan

PY - 2016/11/1

Y1 - 2016/11/1

N2 - Road construction is a primary cause of the loss of ecosystems and their services. However, such loss of ecosystem services has not been reflected in key decision-making processes, such as in cost-benefit analysis due to difficulty in pricing the cost. This study proposes a framework for pricing the loss of regulating ecosystem services caused by road construction. Two important characteristics of the proposed framework are the adoption of the replacement cost method and the use of limited information in the planning phase of road projects. A case study was conducted to validate the proposed framework, with an emphasis on carbon sequestration, flood mitigation, and water storage services, based on 49 typical road construction projects in the Republic of Korea. On average, the costs of the loss of carbon sequestration, flood mitigation, and water storage services were estimated to be 5,055, 6,412, and 8,004 in units of $/lane-km, respectively, and the total costs were estimated to be an average of 19,474 $/lane-km, accounting for 0.47% of the direct construction cost. These findings are the effort for pricing the loss of ecosystem services caused by road construction from an engineering perspective. The proposed framework can be used to provide clear guidance for sustainable development.

AB - Road construction is a primary cause of the loss of ecosystems and their services. However, such loss of ecosystem services has not been reflected in key decision-making processes, such as in cost-benefit analysis due to difficulty in pricing the cost. This study proposes a framework for pricing the loss of regulating ecosystem services caused by road construction. Two important characteristics of the proposed framework are the adoption of the replacement cost method and the use of limited information in the planning phase of road projects. A case study was conducted to validate the proposed framework, with an emphasis on carbon sequestration, flood mitigation, and water storage services, based on 49 typical road construction projects in the Republic of Korea. On average, the costs of the loss of carbon sequestration, flood mitigation, and water storage services were estimated to be 5,055, 6,412, and 8,004 in units of $/lane-km, respectively, and the total costs were estimated to be an average of 19,474 $/lane-km, accounting for 0.47% of the direct construction cost. These findings are the effort for pricing the loss of ecosystem services caused by road construction from an engineering perspective. The proposed framework can be used to provide clear guidance for sustainable development.

UR - http://www.scopus.com/inward/record.url?scp=84940471325&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84940471325&partnerID=8YFLogxK

U2 - 10.1007/s12205-015-0762-9

DO - 10.1007/s12205-015-0762-9

M3 - Article

VL - 20

SP - 2624

EP - 2631

JO - KSCE Journal of Civil Engineering

JF - KSCE Journal of Civil Engineering

SN - 1226-7988

IS - 7

ER -