earticle

영어

This study aims to demonstrate the economic value of urban parks by estimating the non-market value of urban parks using the conditional value measurement method and the carbon storage value of urban parks, focusing on ‘Gwangju Jungang Neighborhood Park 1’. The intention to pay taxes (WTP) per household for five years was investigated for visitors to the park, and 700 valid samples were secured. As a result of the analysis, WTP secured significance within the range of 5% with an annual average of 17,485 won. Carbon storage was calculated using national inventory statistics and i-Tree Eco in the United States. It is estimated that the value of carbon storage, which applies the carbon emission trading price of the Korea Exchange. Applying the feasibility study criteria of the Korea Institute of Public Administration, the total economic value of urban parks for 40 years was 131 billion won, and 51 billion won at present value. The economic feasibility (B/C) was estimated to be 0.29. As a result of the study, it is urgent to improve the system related to economic value estimation of urban parks.